For the next luxury off-line store, It’s back to the future
Professor Stéphane J.G. Girod on the future of luxury physical retail
The online shopping boom has shaken luxury brands so much that most have spent the last four years investing massively in e-commerce. It seemed that online sales would inexorably overtake those of physical retail. But according to industry insiders and 10 senior executives at Farfetch, Hermès, MB&F, Chalhoub Group, Zimmerli, Compagnie Financière Richemont, LVMH Moët Hennessy Louis Vuitton, that sentiment is shifting — back to physical stores.