A recent Luxury Daily article entitled “Is fashion’s love affair with see-now, buy-now over?,” questioned whether this emerging trend in the luxury market may well have hit a wall. Tom Ford has announced that after one year of testing the concept, it was abandoning the effort. Thakoon has done the same. ‘See-now, buy-now’ is intended […]
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RSS feed for this sectionMarketing Is Outdated — It Needs a New Strategy
A friend shared an interesting article with me this week with a provocative title, “Marketing is an outdated practice, period.” It was said at Adobe’s Think Tank: The Future of Experience Business. The statement arose around a question about marketing’s role in the experiential economy now that simply selling a product isn’t enough anymore. […]
Where Luxury Brands Can Find Advertising White Space
Brands today face an increasingly crowded media marketplace to get their messages seen and heard. Compounding the problem are the dramatically shifting media consumption habits of consumer who are increasingly being drawn to smaller screens on mobile devices. Luxury brands with a far smaller target market of consumers who can actually buy the brands advertised […]
Calling all Luxury Brands: Innovate or Die!
In the recent luxury insiders’ study, entitled State of Luxury 2017 conducted by Unity Marketing and luxury business publication Luxury Daily, one of the critical calls to action for the luxury industry was an urgent need to innovate. This industry executive shared: While the industry suffers no lack of creative talent to tackle the innovation […]
Luxury Marketing’s Higher Calling – from the 4Ps to the 4Es
In 2013, the American Marketing Association changed the definition of marketing. It went from the old 4Ps definition which most of us practicing marketers were drilled in: Product, Price, Promotion, Placement, to a new one based upon the idea of value: Judging from the sorry state of business today – the closing of 100 Macy’s […]