article thumbnail

Luxury Retail Phygitalisation: Blending Tradition and Technology in the Digital Age

Retail Focus

Luxury retail has undergone a significant transformation driven by digital technology and changing consumer expectations. Luxury brands have been forced to innovate quickly to meet changing consumer preferences due to the COVID-19 pandemic, which has accelerated the adoption of these technologies.

Balance 147
article thumbnail

Expanding the Boundaries of Luxury: Navigating Experiences Beyond Traditional Retail

Retail Focus

From boutiques to beyond … Luxury brands are moving past the confines of traditional bricks-and-mortar retail to offer immersive experiences that go beyond just products. The diversification of touchpoints contributed to giving luxury brands more opportunities to communicate what they stood for.

Expansion 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Analysis: What’s changed since the Farfetch-YNAP deal was first announced

Inside Retail

per cent of Yoox Net-A-Porter, reducing Richemont’s stake to below 50 per cent and allowing it to remove the under-performing e-commerce platform from its balance sheet. That is best done on a brand website or in a brand store. Emirati business mogul Mohamed Alabbar would acquire 3.2

Fashion 246
article thumbnail

Proximity retailing and current retail environmental paradoxes

Retail Focus

This conflicting situation is a result of many environmental factors influencing the health of proximity retailing: the brand/the business, the commercial environment, the competitive environment, and the consumer. What incentives do retailers have to reinvest in local urban stores? Ghalia BOUSTANI. Proximity retail can provide this.

article thumbnail

All-in-one fresh foods market, catering and event location BRIDGE opens in Zurich

Retail Focus

With this initiative, Migros remains faithful to its principles, which are based on the mission of using its own resources to give partners a platform and to build bridges together to reach consumers. The BRIDGE market concept skilful balances the offering into a varied combination of fresh-food areas, catering and dry goods.

Location 205
article thumbnail

Employee-first tech could transform the retail experience chain

Retail Focus

Our retail brand, and the way it’s experienced by the customer, is now recognised as one of the biggest differentiators in the business. It drives our footfall and website traffic, increases willingness to pay and consumer loyalty, sets us apart from our competitors and even helps us attract top talent. Brands mean business. .