Research from Swiss-based research agency m1nd-set reveals that more than half of luxury shoppers (57%) are younger than 35 years old. Millennials make up 42% of luxury shoppers in travel retail, while Gen Zs account for 15% currently. According to the research, Gen Zs have started to purchase luxury goods much earlier than the Millennials. […]
Luxury
Helping the small brand compete against the big boys: Walter Aguilar shares his successful secrets in a best-selling book
Independent global brand consultant Walter Aguilar has written a book which quickly became an Amazon best seller when it was released earlier this year. Aguilar, who has a long history of working with luxury brands in all key product categories along with time on the retail side of the business, tells TMI that his […]
International Shoppes celebrates 70 years of two families, three generations, and an enduring partnership
In 1951, two young men in New York City got together and opened a jewelry store in the brand new Port Authority Bus Terminal. With that endeavor, Herman Greenbaum, who operated several jewelry stores in Manhattan, and Fred Rosenberg, a watch-maker originally from Germany, who learned the trade while living in a children’s camp in […]
Duty Free Dynamics expands luxury brands portfolio with introduction of Bally
Duty Free Dynamics has scored another distribution coup, and has now added Swiss luxury brand Bally to its portfolio. With Bally, Duty Free Dynamics expands its luxury lineup with the new product category of Leather Goods & Accessories. DFD is introducing Bally’s full line of products, which it will distribute throughout the travel retail channel […]
Gamma3 Council debates next steps for luxury onboard cruise retail
The Gamma3 Council, an association of brands and retailers in the high-end segment in the Americas, has been holding a series of virtual webinars organized by Diego Stecchi, managing partner of Luxury Retail Partner, who founded the group in 2007. A recent Gamma3 Council session examined the impact of COVID-19 on the Caribbean as it […]
Grupo Wisa’s Abdul Waked: The Master of Luxury
Abdul Waked, the head of leading Latin American duty free operator Grupo Wisa, has always loved luxury goods. Hailed as a visionary, Waked’s original La Riviera stores in the 1990’s transformed the way fragrances and cosmetics were sold in much of Central America and introduced the concept of perfumeries in Panama. In La Riviera, top-name […]
