Moreover, price harmonization across global markets is an increasingly relevant part of the puzzle. In order to strategically increase tourist spending, luxury price tags have infamously been much higher in key Asian markets like China and Japan. Emerging from the worst of COVID-19, with ...
Chanel kept increasing prices over the years. Between 2012 and 2019, retail prices went up by 15% on average. People started to rush to buy the Chanel Bag before the next price increase happened. Procrastination meant punishment. The longer you waited, the more you had to pay. ...
Training is never easy, especially in a low wage, high turnover environment. But good store level training is perhaps the best defense against Amazon. It’s also the best proprietary way that I know to organically increase revenue. Well Williams-Sonoma, I’m not sure when I’ll be back. ...