luxury

Fifth Avenue. Editorial credit: Songquan Deng / Shutterstock.com

Luxury retail faces up to unprecedented challenges

The retail sector as a whole has been severely impacted by the coronavirus pandemic. But what about the fate of luxury retailers? With even higher rents and with arguably less traction online than mass-market retailers, the luxury sector is also facing some unprecedented challenges. Brick-and-mortar closures hit brands hard Luxury retailers have traditionally relied on […]