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The US luxury retailmarket was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. I think the most important thing about our clientele is that the biggest luxury they crave is time.
It’s part of the mall’s rejuvenation to refresh and elevate its positioning among its clientele. The pandemic had of course hit the retailmarket in Singapore with movement restrictions for the last two years, and the management saw this an opportune time to recalibrate and refresh its retail offerings. Attracting crowds.
“Saks’ expansion of its Fifth Avenue Club addresses consumer desire for experiential retail, to be indulged and catered to in a hyper-personalised fashion and to discover fashion brands, products and outfits specifically curated for the individual shopper.
The end effect is a more agile, customer-centric company able to react fast to changes in the market. Retailers can better divide their clientele and precisely target marketing initiatives. Enhancing Marketing Strategies with Big Data Big Data is transforming retailmarketing strategy.
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