The luxury market, including its goods and experiences, will end the year up eight to 10 percent over 2022 at current exchange rates, which is pretty dynamic considering the hefty comps it is up against. Expected to hit €1,508 billion ($1.65 trillion), it will have advanced between 18 to 20 percent over 2019, according to […]
Archive | Innovation
RSS feed for this sectionRecurate Makes Resale As Easy As Turning A Switch For Fashion Brands
Recurate’s platform and business model makes it easy for fashion brands to turn on circular resale for their business.
Problem-Solving Innovation Powered Tommy John To Disrupt The Stale Men’s Underwear Business
Legendary management guru W. Edwards Deming famously said, “In God we trust. All others must bring data.” That’s particularly germane in these confounding times when the typically reliable data-driven economic indicators provide vastly different reads on the future. Instead, we need to turn to other indices to weigh the scales for our predictions. Such is […]
Walmart Continues Its Transformation Into A Technology Company
At this past June’s Walmart Associate and Shareholders Meeting, CEO Doug McMillon continually referred to Walmart as a “technology company.” That had many people scratching their heads saying, in effect, Walmart is not Microsoft, Google or Amazon, for heaven’s sake. MIT Technology Review asked, “Walmart wants us to believe it’s turning into a tech company?” Doubters need […]
Luxury Brand Mergers And Acquisitions Ready To Multiply
The New York Times recently reported on “The Luxury Arms Race: Michael Kors and Coach Target Takeovers.” They wrote, “The global luxury market has long been dominated by three giants – LVMH Moët Hennessy Louis Vuitton, Kering and Richemont. Now, it has two hungry American players with which to contend.” That is Coach and Michael Kors both of […]