Department Store: Retailer or Realtor?
When Herman Bergdorf and Edwin Goodman, his apprentice, created the department store Bergdorf Goodman more than a century ago, they founded an enterprise – and a concept – that has become synonymous with luxury shopping. Since then, department stores around the world...
Modern Consumer: New Opportunity for Luxury
For decades, there was a clear formula for success in the luxury goods business: Offer well-made products at premium prices through a limited distribution network and reinvest a substantial part of the profits back into the brand, boosting consumer brand awareness and...
American Fashion Brands Face Strategic Consequences
Not so long ago, American fashion brands were riding the crest. Now, not so much. As recently as March 2012, the price of Coach common stock was at a historic high; outlet stores were opening at a rapid rate; and the company introduced a flash-sales e-commerce site...
Luxury Brands: Changing the Real Estate Landscape
The rise of e-tailing, the havoc caused by the recent Great Recession and the increased homogenization of the American shopping experience have generated an upheaval in the country’s real commercial real estate landscape. The upshot: increasingly, luxury brands are...