The way in which consumers make purchases differs hugely depending on what they’re buying. A quick trip to the supermarket to stock up on groceries and midweek essentials tends to be fuelled by speed, and a desire to get ‘in and out’ as quickly as possible. These are purchases made out of necessity, rather than… Continue reading How High-Net-Worth Consumers Make Purchasing Decisions
Category: Luxury Goods
Connecting Luxury Hospitality with High-Value Clients
There’s a lot that goes into building a successful business, especially when you’re in the luxury hospitality sector. A lot of people assume that hospitality success is all to do with offering exceptional experiences, and though that’s certainly part of it, engaging with the right people is also hugely important. If you want to achieve… Continue reading Connecting Luxury Hospitality with High-Value Clients
Tech and Innovation in the Luxury Goods Industry
When we think of luxury, there are a few key words that spring to mind, exclusivity being one of them. Until now, many luxury goods retailers focused on exclusivity and craftsmanship, paying close attention to the heritage, history and rarity of a product. But, things are changing, and consumers are becoming increasingly interested in technology… Continue reading Tech and Innovation in the Luxury Goods Industry