Luxury

BCG Collaborates with Tencent Marketing Insight to Release 2020 BCG x Tencent Digital Luxury Report

Friday, September 25, 2020 - 11:21am

Since early 2020 when the COVID-19 pandemic broke out worldwide, the luxury market has been hit hard and is expected to decline 25% to 45% compared to the previous year.

Key Points: 
  • Since early 2020 when the COVID-19 pandemic broke out worldwide, the luxury market has been hit hard and is expected to decline 25% to 45% compared to the previous year.
  • Thanks to its stunning market performance, China has become the main battleground of each major luxury brand.
  • In was in this environment that Boston Consulting Group (BCG) joined hands with Tencent Marketing Insight (TMI) to release the 2020 BCG x Tencent Digital Luxury Report, drawing on deep insights into post COVID-19 trends in the luxury market and consumers based on BCG and TMIs quantitative consumer research and industry experience, as well as TMIs marketing and big data capabilities.
  • Hati Lin, Deputy General Manager of Vertical Sales & Operations Department, Tencent Marketing Solution, said, The digital wave is accelerating the transformation of the luxury industry.

WILLIAMS SONOMA HOME LAUNCHES COLLECTION WITH PREMIER TEXTILE PURVEYOR THE HOUSE OF SCALAMANDRÉ

Thursday, September 24, 2020 - 9:09pm

The House of Scalamandr by Williams Sonoma Home collaboration embodies both brands commitment to offering our customers unique designs and quality craftsmanship, said Williams Sonoma Home President Ryan Ross.

Key Points: 
  • The House of Scalamandr by Williams Sonoma Home collaboration embodies both brands commitment to offering our customers unique designs and quality craftsmanship, said Williams Sonoma Home President Ryan Ross.
  • The House of Scalamandr by Williams Sonoma Home collaboration expansion includes:
    Scalamandr Leaping Cheetah Bedding Collection This signature design features leaping cheetahs frolicking against a neutral backdrop.
  • Since its founding by Chuck Williams in 1956, the Williams Sonoma brand has been bringing people together around food.
  • The core brands of The House of Scalamandr include, Scalamandr, Old World Weavers, Grey Watkins, Hinson and Boris Kroll.

PSYKHE, the First E-Commerce Recommendation Platform Powered by AI and Psychology, Raises $1.7 Million Seed Round

Thursday, September 24, 2020 - 3:16pm

Fashion recommendation and personalization platform PSYKHE today announced it has raised $1.7 million in seed funding.

Key Points: 
  • Fashion recommendation and personalization platform PSYKHE today announced it has raised $1.7 million in seed funding.
  • PSYKHE is launching in the fashion e-commerce space and has plans to scale its technology to other consumer verticals.
  • PSYKHE was founded by Anabel Maldonado, a fashion journalist and editorial consultant with a background in neuropsychology.
  • Clothes have qualities that we seek out for psychological pay-off and that we connect with based on who we are, said Maldonado.

MadaLuxe Group Launches Investment Arm, SLS Journey, Led by Co-founder Sandy Sholl

Thursday, September 24, 2020 - 3:01pm

MadaLuxe Group, North Americas leading distributor of luxury fashion, announced today that it has launched an investment arm led by the groups co-founder, Sandy Sholl.

Key Points: 
  • MadaLuxe Group, North Americas leading distributor of luxury fashion, announced today that it has launched an investment arm led by the groups co-founder, Sandy Sholl.
  • SLS Journeys initial investment is in PSYKHE, a company that is marrying the science of psychology and AI with luxury fashion to drive personalization.
  • As MadaLuxe Group continues to grow, we have identified companies with powerful and innovative technologies that have the ability to profoundly change their industries, said Sandy Sholl, Managing Partner, SLS Journey.
  • The launch of SLS Journey is the most recent step in MadaLuxe Groups ongoing evolution.

ICON.AI Debuts the World’s First Smart Mirror With Sound by Harman Kardon

Thursday, September 24, 2020 - 1:00pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200924005373/en/
    ICON.AI debuts Zmirror, a powerful smart mirror with a fully integrated display speaker, in partnership with Harman Kardon.
  • The smart mirror with Amazon Alexa built-in brings new opportunities in the smart display speaker market.
  • (Graphic: Business Wire)
    The smart mirror with Amazon Alexa built-in brings new opportunities in the smart display speaker market.
  • ICON.AIs Zmirror combines high-quality sound system with modern smart technology that stands above all other smart mirror devices.

Global Online Jewelry Market (2020 to 2024) - Featuring Chopard, Graff Diamonds and Kering Among Others - ResearchAndMarkets.com

Thursday, September 24, 2020 - 11:59am

The online jewelry market is poised to grow by $ 19.88 billion during 2020-2024 progressing at a CAGR of 15% during the forecast period.

Key Points: 
  • The online jewelry market is poised to grow by $ 19.88 billion during 2020-2024 progressing at a CAGR of 15% during the forecast period.
  • The reports on online jewelry market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The online jewelry market analysis includes product segment and geographic landscape.
  • This study identifies the e-retailers providing convenient services as one of the prime reasons driving the online jewelry market growth during the next few years.

Jeunesse EXPO 2020 Vision: Global Virtual Event Breaks World Record

Wednesday, September 23, 2020 - 2:00pm

With in-person events sidelined around the world, Jeunesse Global was challenged to reimagine its annual EXPO World Tour.

Key Points: 
  • With in-person events sidelined around the world, Jeunesse Global was challenged to reimagine its annual EXPO World Tour.
  • View the full release here: https://www.businesswire.com/news/home/20200923005334/en/
    Jeunesse Chief Visionary Officer Scott Lewis interacts with Super Fans during the Jeunesse EXPO 2020 Vision: Global Virtual Kick-Off event at the Hard Rock LIVE inside Universal Orlando Resort.
  • (Photo: Business Wire)
    The Jeunesse EXPO 2020 Vision: Global Virtual Event was broadcast in real-time September 1013 from the Hard Rock LIVE inside Universal Orlando Resort complete with staging, 360-degree visual coverage, and on-stage entertainment.
  • The event ended with an 11th Anniversary celebration and the announcement of the Jeunesse EXPO 2021 Ignite World Tour.

ProAmpac and Metropolitan Tea Collaborate to Introduce Package Made with 100% Home and Industrial Compostable Materials

Wednesday, September 23, 2020 - 2:00pm

Today ProAmpac , the flexible packaging leader, announced the release of their pioneering ProActive Compostable package designed in collaboration with Metropolitan Tea .

Key Points: 
  • Today ProAmpac , the flexible packaging leader, announced the release of their pioneering ProActive Compostable package designed in collaboration with Metropolitan Tea .
  • View the full release here: https://www.businesswire.com/news/home/20200923005292/en/
    New fin-sealed ProActive Compostable package for Metropolitan Tea features innovative multilayer, high barrier films.
  • Metropolitan Teas luxury tea bag pouch uses an innovative multilayer, high barrier flexible package made from home and industrial compostable films and adhesive.
  • We passionately challenged ProAmpac with our vision for a tea bag pouch made with 100% home and industrial compostable material.

goMoxie Survey Finds Consumer Online Shopping Challenges Threaten Post-COVID Sales Recovery

Wednesday, September 23, 2020 - 2:00pm

As a critical holiday shopping season approaches, the goMoxie survey signals a need for a more proactive approach to ensure customer success and maximize e-commerce revenue.

Key Points: 
  • As a critical holiday shopping season approaches, the goMoxie survey signals a need for a more proactive approach to ensure customer success and maximize e-commerce revenue.
  • The survey was fielded during a time when COVID-19 has driven increased retail activity into online channels.
  • According to eMarketer , in 2020, e-commerce sales will climb by 18% to reach $709.78 billion, representing 14.5% of total U.S. retail sales.
  • goMoxie used SurveyMonkey Incs survey analysis tools to review results and to filter them by generational cohort and other segments.

Four Seasons and Paralelo 19 Announce Plans for a New Luxury Resort Nestled on the Pacific Coast of Mexico

Wednesday, September 23, 2020 - 2:00pm

TORONTO, Sept. 23, 2020 /PRNewswire/ -- Four Seasons Hotels and Resorts , the world's leading luxury hospitality company, and Paralelo 19 Desarrollos, a leading real estate development company in Mexico, announce a new luxury resort located in Tamarindo, Mexico.

Key Points: 
  • TORONTO, Sept. 23, 2020 /PRNewswire/ -- Four Seasons Hotels and Resorts , the world's leading luxury hospitality company, and Paralelo 19 Desarrollos, a leading real estate development company in Mexico, announce a new luxury resort located in Tamarindo, Mexico.
  • Against the backdrop of this spectacular destination, we look forward to elevating the luxury resort offering together very soon."
  • About Four Seasons Resort Tamarindo, Mxico
    Four Seasons Resort Tamarindo will be located in a protected eco-reserve 40 kilometres (25 miles) north of the Manzanillo Airport.
  • Paralelo 19 Desarrollos is a privately held real estate development company based in Mexico City, specializing in luxury residential communities and resorts in the Pacific Coast, Mexico City and the Yucatan peninsula.