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Luxury Institute Global Affluent Survey Shows Online Shopping More Popular Than Ever, While Stores Remain Focus Of High-End Sales

NEW YORK, NY–(Marketwired – February 06, 2018) – From only a fringe of total luxury sales one decade ago, online shopping continues to gain widespread adoption among high-income consumers who report that 38% of their luxury spending takes place on computers or mobile devices. Nonetheless, the physical store remains the preferred place to make a purchase for a majority of shoppers, according to New York-based Luxury Institute’s 2018 State of the Luxury Industry annual survey of affluent consumers from the United States, United Kingdom, France, Germany, Italy, Japan, China, and Mexico.

Luxury Executives Identify Top Priorities For 2018, Focus On Orchestrating Harmony Between Online And In-Store Presence

NEW YORK, NY–(Marketwired – February 01, 2018) – Luxury Institute CEO Milton Pedraza addressed the sixth annual Luxury FirstLook 2018: Exclusivity Redefined conference, a forum for luxury business issues organized by Luxury Daily, and attended by executives from dozens of firms that operate in luxury goods and services categories. Joined by Luxury Daily Editor in Chief Mickey Alam Khan, Pedraza provided year-ahead outlooks for several luxury categories, along with insights into consumer shopping preferences.

Luxury Is Dead, Long Live Luxury: Industry Executives Reveal Myths And Realities Of Today’s Luxury Market, And How To Thrive In 2018

NEW YORK, NY–(Marketwired – January 30, 2018) – Executives and key decision makers from hundreds of firms in the luxury market recently gathered at the Time Warner Center on Columbus Circle in New York City to gain insights into issues facing luxury providers across multiple categories at the sixth annual Luxury FirstLook 2018: Exclusivity Redefined conference. Exploring a range of topics including advertising, marketing, retail, media, Internet, social, mobile and geopolitics, the event is organized by Luxury Daily as a forum for luxury business issues, opportunities, and challenges in the year ahead.