Articles tagged “retail”

What the Growing Market for Luxury Goods Tells the Travel Industry

What the Growing Market for Luxury Goods Tells the Travel Industry

Laura Powell, Skift

There's good and bad in this report. Spending will continue, of course, but it is shifting into new markets and leaving some legacy markets in the lurch.

6 days ago

Skift New Luxury Newsletter: High-End Retail Flies Higher

Skift New Luxury Newsletter: High-End Retail Flies Higher

Jason Clampet, Skift

Is there a more powerful FOMO than an airport boutique you'll never see again with an object of desire that may or not be a bargain because you're not sure of the exchange rate?

3 weeks ago

Luxury Brands Are Bullish on the Future of Airport Retail

Luxury Brands Are Bullish on the Future of Airport Retail

Samantha Shankman, Skift

Airport sales are not only growing faster than traditional retail outlets, but also providing multiple, multi-channel advertising opportunities well-positioned to reach luxury brands' target customers.

3 weeks ago

Retail Brands Target Chinese Travelers on Mobile Before They Leave Home

Retail Brands Target Chinese Travelers on Mobile Before They Leave Home

Jessica Rapp, Jing Daily

Why wait to market to consumers when they arrive abroad as opposed to targeting them directly via efficient platforms before they ever leave town?

1 month ago

WTTC Report: The New Fundamentals of Luxury Are the Old Fundamentals of Luxury

WTTC Report: The New Fundamentals of Luxury Are the Old Fundamentals of Luxury

Laura Powell, Skift

All these points are quite basic, but in the chase for bling, brands often forget that they're the building blocks of luxury.

2 months ago

The Travel Agents Rethinking the Brick and Mortar Retail Experience

The Travel Agents Rethinking the Brick and Mortar Retail Experience

Laura Powell, Skift

There are vastly fewer retail travel outlets now than two decades ago, but a few creative agents are rethinking how to buy and sell travel in the real world.

2 months ago

Travel Megatrends 2017: The New Luxury Is Defined by Small Brands and Big Stories

Travel Megatrends 2017: The New Luxury Is Defined by Small Brands and Big Stories

M. Paul Munford, Skift

The new standards of modern luxury are consumer-led rather than brand-driven, and they are steering the direction of high-end hospitality and travel.

5 months ago

Bethlehem Tourist Souvenir Vendors Push Local Products to Fend Off Knockoffs

Bethlehem Tourist Souvenir Vendors Push Local Products to Fend Off Knockoffs

Isma'Il Kushkush, Associated Press

It turns out that "local" is a trend in Bethlehem as vendors there are trying to stave off an influx of Chinese products for Christian tourists over the Christmas holiday. Tourists seeking to support a destination should probably buy the home-grown stuff.

6 months ago

Paris Hopes Luxury Retail Will Revive Tourism After a Tough 2016

Paris Hopes Luxury Retail Will Revive Tourism After a Tough 2016

Joelle Diderich, Bloomberg

Paris went through a lot this year and its inbound tourism suffered. Now the city turns to an old favorite, luxury retail, to revive high-spending visitation.

7 months ago

Tourists See England as One Big Sale Sign Right Now

Tourists See England as One Big Sale Sign Right Now

Danica Kirka and Paul Traynor, Associated Press

Until UK retailers adjust prices, the country will attract visitors happy to spend as much or more than in the past, yet walk away with so much more.

8 months ago

Chinese Travelers’ Overseas Spending Data Doesn’t Add up in the U.S., EU and Japan

Chinese Travelers’ Overseas Spending Data Doesn’t Add up in the U.S., EU and Japan

Kevin Hamlin, Bloomberg

Many Chinese travelers take overseas trips to buy goods and avoid taxes but it looks like that's having adverse effects on the global economy.

9 months ago

Lack of Traveler Spending and Strong Dollar Hurts Retailer Abercrombie in Q2

Lack of Traveler Spending and Strong Dollar Hurts Retailer Abercrombie in Q2

Kevin Orland, Bloomberg

If you think that any travel slump in the U.S. because of the strong dollar would just impact airlines, hotels and car rentals than guess again because clothing retailer Abercrombie & Fitch pins its second quarter weakness on lack of traveler spending and the strength of the U.S. dollar.

10 months ago