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Chinese and Brazilian tourists are driving luxury retail sales in the U.S.
DestinationsMost men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam [...]
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Spanish retailers target tourists to offset depressed local spending
DestinationsTourists come to Spain for sun and sights. Retailers are working to also put shopping on the map. Mango, El Corte Ingles SA and other Spanish retailers are hiring translators, offering special tourist discounts and boosting ads in travel magazines to ensnare foreigners and buoy sales as cash-strapped locals trim spending. With unemployment more than [...]
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Are airports the new malls for holiday shopping?
TransportAirport shopping used to be mainly for the desperate or bored. But as airports seek to generate more revenue, they have been expanding their offerings of stores and other services, and some time-constrained business travelers now say they find gift-worthy items before their flights. Places that were once found only in the heart of cities [...]
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How Starbucks is rolling out its new global retail atlas
SkiftXStarbucks is on an international tear. After building itself into the world’s largest coffee-shop chain through decades of high-octane growth in the United States, the Seattle-based company now pins much of its future expansion on other countries. There’s plenty of room. Starbucks’ domestic-international breakdown is lopsided, with nearly 11,000 stores in the U.S. and fewer [...]
