Morning Brew - ☕ The luxe of the matter

The modern luxury consumer.
July 19, 2024

Retail Brew

Impact.com

Hey hey. While we’re thinking about the end of the week, Costco is thinking about the end of the world. The retailer is going viral for its 150-serving “apocalypse bucket” that has a 25-year shelf life, with dehydrated products like pasta Alfredo and teriyaki rice. Anyone else tempted to buy one just to take a few months off from meal planning?

In today’s edition:

—Jeena Sharma, Alex Vuocolo

OPERATIONS

Lavish leanings

LVMH Louis Vuitton bag Europa Press News/Getty Images

What does luxury mean to consumers today? Well, answers to that question continue to change in a fluctuating landscape.

Recent studies from Morning Consult Intelligence brand tracker put some consumer sentiments into perspective in terms of luxury.

Quality was the one key theme that dominated all luxury categories including retail products, food and beverages, and travel. In fact, for 75% of the ~2,200 US consumers surveyed, product quality, more than cost, was the defining attribute of luxury retail purchases.

“When consumers are defining what luxury means to them for travel, cost actually came in at the very last of all the options we gave people when they’re asked, ‘What does luxury actually mean?’” Claire Tassin, retail and e-commerce analyst at Morning Consult, who authored the reports, told Retail Brew.

Quality also meant different things for different categories. While for luxury travelers, it meant comfort, for food and beverage purchasers, it meant fresh food and the use of rare ingredients.

Superior customer service was also paramount for many consumers—72% said that good customer service was a big part of their luxury shopping expectations followed by exclusive access to products (65%), expensive products (64%), and personal shopping services (63%).

But beyond what consumers were looking for in their luxury shopping experience, another important question is: Where are they looking for it?

Keep reading here.—JS

   

PRESENTED BY IMPACT.COM

ROInfluencer marketing

Impact.com

Traditional advertising just doesn’t resonate with audiences the way it used to. Instead, influencer marketing has taken over in a big way. It helps marketers maintain authenticity and increase brand awareness—all while giving revenue a boost.

Whether you’re an influencer marketing newbie or are a seasoned pro, impact.com’s Ultimate Guide to Influencer Marketing covers everything you need to know. You’ll find fundamentals, best practices, and tips to make the most of your influencer marketing campaigns.

Here’s a sneak peek at what you’ll learn:

  • what influencer marketing is + how it works
  • examples of successful campaigns
  • best practices for launching influencer campaigns + programs

Get impact.com’s Ultimate Guide to Influencer Marketing here.

E-COMMERCE

Prime’s up

Prime Day Sopa Images/Getty Images

The Prime Day sales numbers are in: Shoppers spent a record $14.2 billion online over the two-day sales event, up 11% from last year, according to Adobe Analytics.

The research firm pointed to two major trends driving sales: back-to-school shopping and a product refresh cycle for electronics and home furnishings.

Keep reading here.—AV

   

STORES

Fashion dispatch

Image of a Dior pop up Dior

This week in fashion news: Two luxury retailers are under investigation in Italy, and a German fashion brand struggles under a sales slowdown.

Armani and Dior under investigation

Giorgio Armani and Dior are facing an antitrust investigation by the Competition Authority of Italy. The labels allegedly used unfair commercial practices, Bloomberg reported. The regulator is looking into whether they used suppliers that paid employees “inadequate” wages and made them work in unsafe conditions.

Why this matters: For both Dior and Armani, the trouble seems to have started when subsidiaries of each were separately put under judicial administration for alleged labor violations. The investigation is part of the Italian authorities’ efforts to crack down on luxury brands potentially involved in “unlawful business conduct.”

Keep reading here.—JS

   

TOGETHER WITH WALMART CONNECT

Walmart Connect

Boost your brand. Combining brand budget with shopper budget to build full-funnel campaigns can do big things for your biz. Want proof? Walmart Connect helped Clorox max out the numbers for their 2023 back-to-school cleaning products campaign by using both brand and shopper budgets. Read the case study.

SWAPPING SKUS

Today’s top retail reads.

Beer the brunt: After falling to second last year, Bud Light has slipped another spot to become the third best-selling beer in the US, with Michelob Ultra, another beer produced by Anheuser-Busch, surpassing it. (CNN)

Loose change: The baggy clothing trend is on the rise, so much so that baggy jeans jumped from 8% to 80% of Pacsun’s denim sales in one year. (Glossy)

Less is more: Inside the “underconsumption” trend. (Business of Fashion)

Need a boost? Make the most of your influencer marketing campaigns with impact.com’s Ultimate Guide to Influencer Marketing. Inside, you’ll find tips + best practices for running successful influencer campaigns. Check it out.*

*A message from our sponsor.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Full stop

Friday, July 19, 2024

How tech stops cars. July 19, 2024 Tech Brew SPONSORED BY Manscaped It's Friday. In an effort to reduce the tens of thousands of traffic deaths that occur in the US every year, the National Highway

☕️ Sipping pretty

Friday, July 19, 2024

Meta's big bet on eyewear… July 19, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Jarrow Formulas Good morning. If you're just waking up, a lot happened while you were sleeping,

☕ Back to cool

Thursday, July 18, 2024

Apparel sales ahead of BTS season. July 18, 2024 Retail Brew PRESENTED BY Trade Coffee Hello, it's Thursday, and it's just a little over a week until the Olympics begin. It also might be,

☕ Life’s a beach

Thursday, July 18, 2024

Ouai's summer marketing campaign is flying—and floating. July 18, 2024 Marketing Brew PRESENTED BY Salesforce Marketing Cloud It's Thursday. And Mountain Dew has a new brand character: the

☕️ Taking a dip

Thursday, July 18, 2024

Angel City is now the most valuable team in women's sports... July 18, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Edmunds Good morning. New side hustle just dropped: Strava jockey.

You Might Also Like

Roots of wintertime celebrations and holidays

Wednesday, December 25, 2024

+ how Charlie Brown TV special was almost dropped ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Time to get rid of all those gifts you don’t want

Wednesday, December 25, 2024

Some advice for your post-Christmas declutter. December 25, 2024 View in browser Whizy Kim is a senior reporter at Vox covering wealth, economic inequality, and consumer trends. Whizy Kim is a senior

Operation Christmas Drop, Christmas NFL Games, and What's Open Today

Wednesday, December 25, 2024

Seven nations' air forces collaborated in Operation Christmas Drop 2024, delivering over 77000 pounds of humanitarian aid to remote Pacific islands in the DOD's longest-running airlift mission.

9 Things Anna Kendrick Can’t Live Without

Wednesday, December 25, 2024

Plus: Nice things to spend your FSA money on. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission.

Holiday Briefing: A day to celebrate

Tuesday, December 24, 2024

A special edition for a special day. View in browser|nytimes.com Ad Morning Briefing: Asia Pacific Edition December 25, 2024 Natasha Frost headshot Gaya Gupta headshot By Natasha Frost and Gaya Gupta

Here’s how we do it.

Tuesday, December 24, 2024

How did our work reach millions of eyes and ears in 2024? It's because we follow the money to find the real story behind breaking news. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

☕ You’re missing out

Tuesday, December 24, 2024

CMOs on overlooked marketing trends and opportunities. December 24, 2024 View Online | Sign Up Marketing Brew 'Twas the night before Christmas, and all through the house, not a creature was

☕ From bad to purse

Tuesday, December 24, 2024

Luxury handbag or empty box? December 24, 2024 View Online | Sign Up Retail Brew It's Tuesday, December 24, and you know what that means: Valentine's Day is right around the corner. You should

Memory Missing

Tuesday, December 24, 2024

The Colour Of Memory // Missing Links In American History Textbooks Memory Missing By Kaamya Sharma • 24 Dec 2024 View in browser View in browser The Colour Of Memory Grace Linden | Public Domain

Thank you. For everything. And see you in 2025.

Tuesday, December 24, 2024

Our end-of-year note, and some fun updates on what's coming. Thank you. For everything. And see you in 2025. Our end-of-year note, and some fun updates on what's coming. By Isaac Saul • 24 Dec