OPULUXELtd.com LIFESTYLE===}}{{=== DESIGN

___oOo___EVENT Planning___oOo___LUXURY eStore___oOo___TRAVEL Agency___oOo___

Archive for Luxist

Luxury Trends for 2011: The Latest From The Luxury Institute via [luxist]

Share|

icon blurbs

Like this at Facebook Be the first in your friends to like it

by Susan Kime
The Luxury Institute conducts independent research with wealthy consumers about their behaviors and attitudes on customer experience best practices. Their white papers on luxury trends and consumer attitude change emerge consistently throughout the year. The most recent was published on October 10, 2011, on emerging luxury trends for 2011..

The Institute states, ” As the luxury industry enters the last quarter of 2010 and prepares for 2011, executives are grateful for what could have been a worse year considering the state of the world’s economy. The truly global top-tier luxury brands are surging in China, while holding their own in the US, Japan, and Europe. Leading public companies have done much better than privately-owned brands by using their heritage, innovation, and resources to gain market share. Many family-owned European brands, rich with history but lacking innovation, have suffered and are desperately looking for capital. Overall, the industry has seen tepid growth; this trend is likely to continue for the next three years unless some unforeseen, and highly unlikely, positive event occurs and saves the global economy.”According to the Luxury Institute, here are some trends that have emerged in 2010 and should continue in 2011:

1. A Deepening Focus on Brand Values and Service Values
In his recent book on luxury strategy, Jean-Noel Kapferer stated that unlike mass consumer brands, luxury firms don’t need a brand positioning (e.g. Hertz: #1 in Rent-a- Car , Avis: We try Harder), but they do need an identity. The Luxury Institute states, “Brands must create their identities not only by the name, personality and style of the founder, but also through values by which they should be known and publicly judged. They can be one comprehensive set of brand values that establish the company personality while also acting as service values which define the customer experience.” Brands can also choose to develop two distinct but related sets of brand values and service values. In a recent Luxury Institute LCRMA (Luxury CRM Association) survey, 90% of luxury executives agreed that luxury culture and values are directly linked to positive financial results. .

2. Luxury Brands Purge its Out-of-Touch, Arrogant Staffs
“As top-tier luxury CEOs and their Boards discover the importance of a benevolent culture and values,” the Luxury Alliance states, ” they are also beginning to realize that the people who manage and deliver customer experiences must fit the new customer culture In the sales and customer-facing ranks, people will soon be selected on their abilities to be brand and product experts, earn trust and build lasting customer relationships. Lone Ranger, toxic sales professionals who are currently tolerated will soon be out of fashion. Ritz-Carlton, Mandarin Oriental, Four Seasons, Lexus and Nordstrom have been doing this for years, but even they will have to move to a higher level of cultural relevance and practice, as companies like Zappos prove that there is far higher ground to reach in terms of selecting customer-centric people, living the values and transparency.”

3. Websites!
One senior luxury executive recently told the Luxury Institute that “It’s a dark day for luxury when Zappos delivers a far better luxury experience than any luxury brand”. As luxury retailers learn to leverage the Internet for e-commerce, they are also learning that one thing affluent consumers expect from their online experience, if the need arises, is the availability and opportunity for quick, easy and immediate direct communication. In a recent Luxury Institute WealthSurvey, 62% of affluent consumers stated that when shopping online they feel more comfortable if they can call someone directly for assistance, and 60% said they are likely to abandon their online purchase if they cannot find quick answers to their questions on the website. In addition, 45% expect an obvious phone number to speak with a live sales or customer service representative. While luxury struggles with the answer, Zappos has beat them to it and gained the high ground. The secret that Zappos has learned is that only a small percentage of people need this call service very often. Look for most luxury brands to understand the connection between the call center and online channels and create a far better experience for customers in 2011.

4. Clienteling Goes from a Hobby to a Discipline
In a recent Luxury CRM Association Clienteling survey, only 25% of affluent consumers reported that they have a relationship with a sales associate at a luxury brand. That was actually a high water mark, as other surveys that Luxury Institute partners have conducted indicate that only 8-15% of customers report having a relationship with a sales associate at top luxury retailers. Why is this important? Because this small group of luxury consumers give a retailer almost twice as much in wallet share. They also are likely to continue buying more over time if they have a relationship with a dedicated sales professional.

5. Luxury Mobile Applications Come of Age
Top luxury brands now well into a few years of e-commerce, and having finally ventured into social media, are determined not to miss the soon-to-explode mobile device shopping party. Luxury Institute research on the wealthy consumer use of mobile devices shows that 76% compare prices via mobile devices, while a rapidly growing 27% have purchased via a mobile device. In addition, 21% report that they use mobile devices to look up respective product information while shopping in stores. We are near a tipping point where mobile devices will replace the laptop for many activities and transactions and luxury brands are racing to be a step ahead for a change. Tiffany‘s recently-launched mobile application for finding your perfect engagement ring is a good example of a simple and practical innovation that seeks to serve its customers.

6.Luxury Equips Sales Professionals with In-Store Mobile Devices
Luxury is about to begin testing equipping its sales professionals with mobile devices such as iPads and iPhones in its stores. They can also be used to take customers through rich sales presentations that include video and audio enhancers. They can be used to search out-of-stock inventory anywhere in the retail system, conduct an online transaction, and arrange for delivery in real time. As customers opt in to having their own mobile devices announce their arrival at the store, sales professionals can be alerted to greet customers by name with custom offers ready, or at minimum be aware of what offers have already been sent to them. These applications are only the beginning of the use of mobile in stores as a customer experience enhancer for the sales professional as well as the customer. Mobile devices combine personalization efficiency and effectiveness with an unprecedented touch of caring and nurturing that are the Holy Grail of a true luxury experience.

A Recap: 6 Trends That Defined Luxury in 2010

By Michael Martin

BEVERLY HILLS, Calif. (TheStreet) — Despite being on the tail end of the worst recession in modern history, 2010 proved a winner for a few select hotels, restaurants and nightclubs whose business models and practices allowed them to rise to the occasion.

Microchain boutique hotels
After beginning as a hipster-granola hotel concept in the Pacific Northwest, Ace Hotels has spread across the United States with a celebrity-studded outpost in New York and destination resort in the California desert.

The bathrooms on Emirates’ 15 Airbus A380s go beyond luxurious in first class. The airline has become the first and only to offer in-flight showers.

The realization that artists on a budget need stylish and comfortable rooms too has evolved into bohemian enclaves that in New York include a Michelin one-star eatery by the creators of the Spotted Pig. Their gastropub eatery is just as popular with city folk as it is with hotel visitors.

In Palm Springs, Ace has brought a Dash Snow sensibility to the destination pool party, with celebrity jam sessions and indie DJs recruited from LA to spin lazy Sunday afternoons by a pool stewing with tattooed rock stars and models on winter break from the Milan-Paris-Tokyo-Ibiza circuit.

Membership clubs
They’ve been a staple of London social life since the advent of the Groucho Club and Soho House, the latter migrating through Berlin and New York before sweeping across the United States this year. The membership club concept thrives most notably in Los Angeles, where Nick Jones’ Soho House has essentially a monopoly on celebrity dining and nightlife from its penthouse West Hollywood location along the Sunset Strip.

Potential members scour their circle of friends for sponsors only to line up for a multimonth waiting list from which only a connected few at a time are selected to join.

November saw the opening of Soho Beach House in Miami, which includes a hotel that was the party site du jour at Art Basel 2010. Meanwhile, Miami’s perennial Casa Tua was set to expand to Aspen, where the Caribou Club has long had a stranglehold on the billionaire and ski bunny set.

Are you a friend of Andre Saraiva?
He seems to be everywhere these days. In Paris his Le Baron nightclub is the fashion stalwart of local nightlife, while the Hotel Amour he co-owns has become the most fashionable address for one-name artists and celebrity designers. Ditto for Japan, where Le Baron is the hottest club in Tokyo.

In United States, Saraiva has the Boom Boom Room and Le Bain atop the Standard New York and plans for a nightclub in Chinatown. Pop-up installments of Saraiva’s nightclubs are the “it” events at the Cannes Film Festival and Art Basel, where he was essentially handed the keys to Delano’s famous Florida Room for the past two year.

In St. Tropez he’s transformed the once derelict Hotel Ermitage into a bastion of cool on the scale of LA’s Chateau Marmont, but with a French accent.

Saraiva, only 38 and already the new Ian Schrager, is the man of the moment, the coolest guy in town — any town.

Let’s make a deal
It wasn’t long ago that the name Gilt Groupe was barely pronounceable to the average Internet consumers, let alone recognized as a discount retailer specializing in deals for high-fashion goods for subscribers. This year Gilt launched its JetSetter travel deals, offering cut rates at selected hotels that range from quirky boutiques to the best luxury addresses in Paris.

The formula has brought competition from such players as Tablet Hotels, Design Hotels and Leading Hotels of the World that now allows even the high end of the travel market to scout out a deal without embarrassment. Drawbacks include a not always stellar selection with prenegotiated availability and, often, required prepayments. The endless emails for affiliated and launching products also detract from the experience of a once exclusive membership now open to pretty much anyone.

Shower before landing
The advent of the French Airbus A380 has allowed a creative interpretation of the traditional first class flying experience, and Emirates, with its impressive 15 of the craft, offers the most luxurious and over-the-top configuration: It has become the first and only airline in operation to offer in-flight showers.

Emirates’ Private Suites, touted by Carrie Bradshaw in Sex and the City 2, are equipped with sliding doors and minibars of almost full-size premium goodies. There’s also two shower spas at the front of the first-class area — complete with Bulgari bath products and fluffy Italian linens — offering a burlwood boudoir that’s become the hottest amenity in the aviation industry.

Celebrity chefs
Celebrity chefs, the latest must-have amenity for new hotels, are a sure-fire way to keep guest dollars in house as well as a burgeoning business for hoteliers looking to divest real estate during tough times. This year has seen the debut of Daniel Boloud’s DB Bistro Modern at the new JW Marriott Marquis Miami, J&G Steakhouse by Jean-George Vongerichten at St. Regis Deer Valley, the highly touted WP24 by Wolfgang Puck at the Ritz Carlton at LA Live and Michelle Bernstein at the Omphoy in Palm Beach.

Pierre Gagnaire seems to be in front of the trend, conquering the globe with a new Reflets eatery in Dubai, a two-star Michelin-rated restaurant at Les Airelles in Courchevel and an outpost at the Mandarin Oriental in Las Vegas. With no shortage of celebrity chefs, Vegas is also welcoming Scott Contant’s Scarpetta and Jose Andres’ Jaleo, which just opened at the Cosmopolitan Las Vegas.

Look for even bigger chef names to debut next year. The world’s most heralded chef, Heston Blumenthal of Fat Duck, given three stars by Michelin, will debut a concept eatery at the Mandarin Oriental Hyde Park in London that already has its own Bar Boulud in the basement.


Share
icon blurbs



OPULUXELtd.com                      LIFESTYLE===}}{{=== DESIGN

↑ Grab this Headline Animator

The BEST Men’s Watch is…… The Cartier Rotonde Central Chronograph via [revo-online and perpetuelle.com]

OPULUXE Lounge GroovesPlayList

2009 REVOLUTION AWARDS
Presenting the world’s most outstanding watches by jack forster


Loading please wait…

The 2009 REVOLUTION Awards  have a special significance.  Excellence is always a rare commodity, but in 2009, in many ways, it was more than ever the  difficult choice. For the companies and watch-industry persons  selected, perhaps the most  distinctive and distinguishing common trait is the affirmation  evidenced by their work that, for them, excellence is the only choice.
Juried assessments of works of art or design necessarily reveal as much about the prejudices of the jurors as they do about the quality  of the nominees.
The REVOLUTION Awards,  therefore, can’t be taken as a complete representative of the best in watchmaking — rather, it represents a necessary compromise between our objective
judgments, and our individual tastes. For nearly a thousand years, mechanicalhorology has been the point of convergence of the most advanced technology and the most elaborate and sophisticated craftsmanship in the history of civilization. And there is a fascination to watchmaking that goes to the very heart of human curiosity. Mechanical horology, far  from being put to rest either by advances in technology or the vagaries of economics, is now more vital than perhaps at any time in its long history. While it’s customary to refer to the recipients
of awards as honorees, we can’t help but feel that we are the ones who are honored to be able to consider such a feast of horology as presents itself to us every year. And this year, especially, rather than toot our own horn, we’d rather offer up the 2009 REVOLUTION Awards as a gesture of deep thanks and gratitude to the recipients, whose hard work and genius are responsible for the magical little machines that continue to charm us all.
It’s a sign of how strong watchmaking is, and of its enduring appeal, that every year, the number of truly worthy potential nominees vastly outnumbers the actual award winners. That said, we can’t help but feel that our final selections have something special that sets them apart. You, of course, will agree or disagree according to your own disposition. But we’re just as grateful  for differences of opinion as we are for the masterful timepieces we write about. After all, if it weren’t for diversity of taste, those of us who write about it would be out of a job!

The 2009 REVOLUTION Awards  have a special significance.  Excellence is always a rare commodity, but in 2009, in many ways, it was more than ever the  difficult choice. For the companies and watch-industry persons  selected, perhaps the most  distinctive and distinguishing common trait is the affirmation  evidenced by their work that, for them, excellence is the only choice.
Juried assessments of works of art or design necessarily reveal as much about the prejudices of the jurors as they do about the quality  of the nominees.
The REVOLUTION Awards,  therefore, can’t be taken as a complete representative of the best in watchmaking — rather, it represents a necessary compromise between our objective
judgments, and our individual tastes. For nearly a thousand years, mechanicalhorology has been the point of convergence of the most advanced technology and the most elaborate and sophisticated craftsmanship in the history of civilization. And there is a fascination to watchmaking that goes to the very heart of human curiosity. Mechanical horology, far  from being put to rest either by advances in technology or the vagaries of economics, is now more vital than perhaps at any time in its long history. While it’s customary to refer to the recipients
of awards as honorees, we can’t help but feel that we are the ones who are honored to be able to consider such a feast of horology as presents itself to us every year. And this year, especially, rather than toot our own horn, we’d rather offer up the 2009 REVOLUTION Awards as a gesture of deep thanks and gratitude to the recipients, whose hard work and genius are responsible for the magical little machines that continue to charm us all.
It’s a sign of how…

A Closer Look at the Cartier Rotonde Central Chronograph
by Kyle

With its iconic watch collections such as the Tank and the Santos, Cartier has long been a brand whose watches tend to appeal to those more interested in high fashion and social status than to the true fans of fine mechanical watches and high watchmaking. However, at the 2009 SIHH Cartier introduced several exciting new models as well as its own in-house movements – all in an attempt to garner greater respect for itself in the world of “haute horlogerie“.

One of my favorites that Cartier introduced was the Cartier Rotonde Central Chronographe.  The distinguishing feature of this watch, as its name implies, is its innovative central chronograph function.  The clever design elements of this watch are subtle, but if you take a moment to understand them you will likely be impressed.

Cartier Rotonde de Cartier central chronograph

Cartier Rotonde de  Cartier central chronograph watch picture Cartier Rotonde de Cartier  central chronograph movement

Rotonde de Cartier 9907 MC calibre

If you look closely at the dial you can see that the hours and minutes use blued hands which are invisible save for the tips.  This is unlike almost any “normal” watch in which the hands extend all the way to the center of the dial.  As for the chronograph function, a slim blued seconds hand begins to track the time when the push-piece is pressed, while the large counter in the form of an arc records each of its revolutions up to thirty minutes. The simple genius here being that the hands indicating the time never obscure those of the chronograph!

Perpetuelle.com partner TheTimeTV recently released a video which covers the 2009 Cartier Collection.  If you watch the video here you will get a “real world” look at the Cartier Rotonde Central Chronograph watch – among several neat watches that Cartier introduced this year!


Share
icon blurbs



OPULUXELtd.com                      LIFESTYLE===}}{{=== DESIGN

↑ Grab this Headline Animator

Haute Joallierie: PIAGET Limelight Watches via [Luxist]

Share|

icon blurbs

Like this at Facebook Be the first in your friends to like it

OPULUXE Lounge GroovesPlayList

Piaget Limelight Twice Reversible Diamond Watches


Sort of like getting two expensive watches for the price of one very expensive watch right? No, not quite, but you do get a “day” and “night” side for both the evening and daytime character of the timepiece. Piaget always like to play around with luxury designs when it comes to the Limelight series. Not being particularly en vogue right now among women’s watches, I found it interesting for them to release a reversible watch. The timepiece has two complete dials, each with its own Piaget 56P quartz movement that is independently adjustable. Theoretically you have a watch with two timezones as well.

The watch case is in 18k white gold with a “hidden” time adjuster for each movement. There are three versions of the watch. Two with a black satin strap, and the cream of the crop model with the white gold and diamonds chains (six vertical ones that connect on each of the two ends) bracelet (total of 680 brilliant cut diamonds for this Haute Joaillerie version of the Limelight Twice watch). Both dials are off-centered and about as easy to read and Piaget could have made them (meaning bring you phone as a back up clock). The dauphine hands help though while looking stately, and the “night” side with the Roman numerals is probably the easier to read, but both sides quite pretty to look at. This watch just might be the cure for that “I can’t spend big during the recession” problem you’ve been having lately. It is about now during mention of possible economic upswings after a long recession when big spenders get tired of not spending cause it was politically incorrect to do so.

Ariel Adams publishes the luxury watch review site aBlogtoRead.com


Share
icon blurbs



OPULUXELtd.com                      LIFESTYLE===}}{{=== DESIGN

↑ Grab this Headline Animator