Retail
What We've Read: What to Expect for 2018's SIHH and Why Kering Let Go of Puma
by
Camille Lake | January 12, 2018
Luxury Society's selection of news articles that are not to be missed this week.
1. Luxury Watchmakers Head to Geneva Fair With New Hopes
Emerging from a period of retrenchment, SIHH exhibitors are battling for the discerning, post-crisis consumer.
Read this on WWD.
2. Richemont's Wholesale Revenue Drops on Sales Network Cleanup
Richemont, the maker of Cartier necklaces and IWC timepieces, reported lower wholesale revenue as it became more selective with its retail points, a sign the luxury house is cleaning up its distribution network after being forced to buy back unsold watches.
Read this on Bloomberg.
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3. Gucci Owner Kering to Spin Off Majority Stake in Puma
Luxury group Kering says it intends to spin off a majority stake in sports apparel maker Puma by distributing the stake to its own shareholders.
Read this on NYTimes.
4. How Luxury Brands are Melding Stores in China with Chinese Tech Platforms
With assists from technology partners, including Alibaba, JD.com and WeChat, luxury brands including Ralph Lauren, Coach and Louis Vuitton are updating store experiences by linking online campaigns to in-store purchases, arming store employees with digital customer profiles and connecting store inventory to online purchases.
Read this on Glossy.
