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Store Closures Can Hurt More Than Help Retailers’ Bottom Line

Everybody knows that opening a store in a new location can have a positive impact on sales not just in that location but in online traffic overall. It’s the “Halo Effect.” But closing a store can result in more than just lost sales in that particular store. That’s called the “Horn Effect,” the negative flip […]

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As The Luxury Market Evolves, White Space Abounds If Brands Know Where To Look

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 […]

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How Resilient Is The Luxury Market? It Will Be Tested In 2024

Against a backdrop where the global luxury market will grow between 8% and 10% across all categories, the personal luxury segment’s growth is more muted, projected to advance by only 4% in 2023 at current exchange rates, according to the latest Bain-Altagamma luxury market study. The total luxury market will reach $1.65 trillion (€1,508 billion) […]

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Women Are Losing CEO Seats In Retail

From the sales floor to the C-suite, the retail industry is facing an unprecedented employment crisis, and none as pressing as the spate of CEO vacancies. While board members step in during the CEO interim, they’ve apparently gotten tired of wearing two hats; the pace of selecting a permanent CEO has picked up. Now Hiring […]

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J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight

J.McLaughlin started as a men’s haberdashery shop on Manhattan’s Upper East Side in 1977. Opened by brothers Jay and Kevin McLaughlin, the store was designed to fit into its upscale neighborhood with classic men’s fashion that fit right in too. Originally, J.McLaughlin dressed men, but early on, women asked for the same fashion sensibility for […]

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