luxury shopping – आवारा मुसाफिर

Fewer luxury shoppers but bigger spenders as Chinese tourists return to Europe

May 5, 2023773 Views

China's five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt - with a side of luxury shopping on the agenda. But with flights remaining limited after China's border reopening in January, European luxury stores will need to wait longer for the return of masses of tourists they once depended on for growth. That may matter less to the bottom line of luxury firms than previously thought, although brands and investors are struggling to get a handle on the Chinese consumer recovery as domestic and overseas shopping habits shift after three unusual pandemic-hit years. FILE PHOTO: A woman under an umbrella walks past the luxury retailer Louis Vuitton store at Place Vendome in Paris, France, March 22, 2023. REUTERS/Yves Herman When it comes to high...

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Bahrain to get first-of-its-kind luxury shopping destination at Marassi Galleria

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April 28, 2023931 Views

In the fourth quarter of 2023, the one-of-its-kind and massive Marassi beachfront development project, ‘The Marassi Galleria’ will be ready to open its doors to locals and visitors. Marassi Galleria will be Bahrain’s “getaway” landmark as it sits on the horizon of Bahrain’s iconic Diyar Al Muharraq peninsula. This project will occupy 114,000 square meters making it one of the largest entertainment centers in the region. The beachfront luxury shopping destination which stretches over three levels will include over 450 stores and some of the world’s most prestigious brands. Marassi Galleria is designed with the comfort and ease of visitors in mind. It will also be the only one in the Kingdom of Bahrain where visitors can shop, dine and experience two kilometers of the beautiful be...

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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

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April 26, 2023879 Views

The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. Real estate experts say the flow of cash is part of a bid to re-imagine an area of Midtown that extends from 49th Street to the Plaza Hotel and includes Fifth and Madison Avenues. The district has long been anchored by luxury stores including Tiffany, Saks Fifth Avenue and Bergdorf Goodman. With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. Interior view of the new Tiffany & Co. store, the Landmark, located in New York, U.S., in th...

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London fears losing luxury shoppers to Paris and Milan

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March 14, 2023817 Views

London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where tax breaks still offer a way to cut the cost of their purchases. With finance minister Jeremy Hunt set to present the government's budget statement on Wednesday, the industry wants him to reinstate sales-tax-free shopping for overseas visitors, which ended in 2020 when Britain left the European Union. Big names including department stores Harrods and Harvey Nichols, Chelsea property manager Cadogan and The Lanesborough Hotel have joined forces with hundreds of retailers to urge Hunt to change the rules. "We've heard from some brands that they're prioritising Paris for investment in stores," Steve M...

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Dior transforms Harrods in London with glittering holiday light display

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November 12, 2022650 Views

French fashion label Christian Dior kicked off the holiday shopping season in London, unveiling a Christmas spectacle at Harrods – with tennis star Emma Raducanu presiding over the event. The LVMH-owned brand outlined the London department store's façade with lights, emblazoning the entrance with an enormous star and filling the windows with sugar sculptures and merchandise. Gingerbread themed decorations presented as part of ‘The Fabulous World of Dior’ installation hang from the facade of the Harrods store in London, Britain, November 10, 2022. REUTERS/Henry Nicholls "This is one of the biggest things we ever did together," Pietro Beccari, Dior's chief executive officer told Reuters, noting the brand first took over a corner of the classic British upmarket store in the 1950s. ...