Posts tagged retail
HOW GLOBAL BRANDS ARE THINKING LOCAL

Today’s world is unmistakably and increasingly interconnected, as growing Internet access, travel and trade accelerate the integration of global markets and the worldwide exchange of ideas, information, people and products. But with globalisation comes an opposite, if not equal, reaction. “In a globalised world, there will inevitably be many similar trends across the globe. And these, in turn, will generate opposition in the form of localisation, as people try to assert their own identity, which is only natural,” observed Mr Yanai, chairman, president and chief executive of Fast Retailing, the parent company of Uniqlo. “In order to do business anywhere, we need to have a firm grasp of what it means to be global and what it means to be local.”

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SWEDE SUCCESS

Acne Studios is a thoroughly modern fashion brand that is based in Stockholm, where it was launched in 1997 by a media agency who made 100 pairs of jeans to gift to friends. Since then it has moved from a denim label to become a high-fashion brand that shows collections in Paris and has shops that look like art galleries.

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DEATH OF RETAIL? RISE OF LUXURY E-COMMERCE.

As 2017 was heralded to see the death of retail, as boutiques and department stores were closing its doors driven by changing consumer habits, price wars and the threat of Amazon, high-end e-commerce remains a bright spot in the shopping landscape. Online luxury sales jumped by 24 percent this year, according to a recent study by the consulting firm Bain & Co. and the online sales of personal luxury goods are expected to make up 25 percent of the market by 2025.

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