For years the royals have been a cash cow for the British economy and its merchants. In 2017 the global Brand Finance firm estimated the annual contribution of the royal family at £1.8 billion ($2.33 billion), including £500 million in tourism, £193 million in Royal Warrants (official endorsements for over 800 brands used by the […]
Archive | January, 2020
What’s Needed to Turnaround Gap?
For nearly a year, we’ve been anticipating Gap Inc. to split off Old Navy, the largest of its six brands with about the same number of stores globally as the flagship Gap brand – 1,219 Old Navy stores compared with 1,221 Gap – but with nearly half ($5.7 billion) of total corporate sales ($11.7 billion) […]
Why Retailers Need More Girl Power
We’ve all heard the statistics: Women account or influence between 70-to-80 percent of all household spending. In retail, women outnumber men on the sales floor by a ratio of 2:1. The Mom Project Labs (MP Labs), the research and insights division of the Mom Project which helps businesses build a better workplace for mothers, studied […]
Will Protests Cause More Luxury Brands To Follow Louis Vuitton And Reduce Exposure In Hong Kong?
Ever since anti-government protestors took to the streets of Hong Kong in June of last year, luxury brands have taken a wait-and-see approach regarding business there. A planned Chanel store on Fashion Walk in the Causeway Bay district was put on hold, as was the opening of LVMH’s Rimowa luggage store in the same district. […]
Do Lab-Grown Diamonds Fit into Your Store?
Creating a brand in an emerging category isn’t simple. A well-thought-out strategy reflects where the category and best consumers are going rather than the current environment. It’s easy to make mistakes. In the jewelry business, the diamond industry’s powers-that-be would like to define you as something less than mined diamonds. Don’t allow someone else to […]