Retail

What We’ve Read: Tiffany & Co. to Spend At Least $250 Million on Fifth Avenue Store Remodel

by

Meaghan Corzine | August 17, 2018

Luxury Society’s selection of news articles that are not to be missed this week.

1. Tiffany & Co to Spend at Least $250 Million on Fifth Avenue Store Remodel

The jeweler said Tuesday it would undertake a three-year renovation of its store on Manhattan’s Fifth Avenue at 57th Street, a location made iconic by the classic movie Breakfast at Tiffany’s.

Read this on Fortune

2. How Luxury Brands Can Seize the Qixi Opportunity

In China, Chinese Valentine's Day (Qixi) has eclipsed Western Valentine's Day as the nation's most important gifting holiday. Industry experts and brand executives weigh in on the festival and what it means for luxury brands today.

Read this on Business of Fashion

3. China’s Young Influencers Lead Timely Recovery of Global Luxury Watch Market

The Swiss watch market has had a hard time in recent years, in part thanks to a severe crackdown on bribery within the Chinese government and a rise in grey-market goods in the United States.

Read this on Jing Daily.

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4. Did Louis Vuitton Sponsor A Bunch Of September Issues?

There's no question that the business of print has become rather grim. Between layoffs, sales and straight-up closures, it's hard to run a magazine in 2018, let alone make one profitable. 

Read this on Fashionista.

5. When Givenchy needs to sell a luxury handbag in China, they call Mr. Bags

Chinese consumers buy a full third of all the luxury goods sold across the globe. But they're getting sick of celebrity endorsements.

Read this on Vice News.

6. Michael Kors And Tapestry Earnings Once Again Prove The 'Paradox Of Luxury'

Michael Kors and Tapestry reported earnings this week and last. Both retailers reported good results. Perhaps partly a reflection of a robust economy, but also certainly the good news reflected changes in strategies that reverted back to the timeworn rules of luxury.

Read this on Forbes.

Cover image credit: Tiffany & Co. Instagram