Last week, I had the honor and pleasure of attending the first #LuxuryTalks event, a small, intimate gathering of top women in fashion, luxury, spirits and hospitality hosted by Orit at The O Group. The topic for discussion centered around the opportunities and challenges presented when a business has a single person as the face of the brand.
Bridging the Confidence Gap to Unlock Growth: How Online Fit Solutions Are Impacting the Bottom Line
Over the years, there have been many respectable attempts to help consumers get confident buying clothing and shoes onscreen. Free shipping and free returns, as pioneered by Zappos and eventually adopted more broadly by the marketplace, has arguably been the most important innovation for digital fashion in the past decade in terms of reducing customer hesitancy and unlocking new growth online. But where do retailers go from here?
During the past year, the world’s population of Ultra High New Worth Individuals (UHNWI) has reached an all-time high of nearly 200,000 people with a total combined wealth close to $28 trillion USD. Contrary to some of the latest media headlines, this growth was largely due to North America and Europe. In fact, the emerging markets are reporting an economic slowdown that has contributed to a decline in UHNWI in China and Brazil.
Today I’m chatting with my dear friend, Michele (Mickey) Ateyeh, whose career in fine jewelry and designer accessories has taken her from Tiffany & Co. to Hermes, then Angela Cummings, Inc. followed by Karl Lagerfeld and Carlos Falchi designer handbags. Currently she is directing the newly formed partnership of fine jewelry designer Angela Cummings and Assael.