Bank on swank …
Even as inflation soars, luxury shoppers still pamper themselves by investing in upscale brands.
More notable trends:
🛍 BRICK & MORTAR: Even as luxury evolves online, high-touch, in-store experiences seal the deal, inspiring Versace to open 88 new stores this fiscal year [Retail Dive]
📈 PRICE HIKES: Luxury shoppers’ price elasticity prompted Chanel to raise handbag prices 16% ahead of the 2021 holiday season [Business of Fashion]
🧲 GEN Z MAGNETS: To target younger shoppers, luxury brands collaborate with BTS, Rihanna and Beyoncé (vs. AC/DC, Bono and Axl Rose)
What luxury trends would you add?
HUGE thank you to Santosh Kushwaha and his award-winning team at VisualBest for this timely, striking design.
2022 Retail Strategy Trends
Value is in Vogue