E-tail may be surging, but luxury growth potential could be limited. A new study shows most UK consumers are unwilling to make expensive purchases online and prefer to head in-store to buy high-value products.
Selfridges had already told us that its Boxing Day clearance sale business was buoyant and at the weekend it said the Christmas season as a whole was better than ever with rising footfall and strong full-price sales.
Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
The Swiss watch brand is showing off its latest innovation, the "RM 07-01 Gem-Set Black Ceramic" at the Salon International de la Haute Horlogerie (SIHH) luxury watch show, which opened Monday, January 15 in Geneva.