How the COVID-19 crisis could remodel the luxury industry

The COVID-19 crisis has hit the luxury and fashion industry hard. According to a study conducted by the Boston Consulting Group, sales in these two sectors could drop by 25% to 30% compared to 2019.

Luxury consumption can fuel 'impostor syndrome' among some buyers

Purchasing luxury goods can affirm buyers' sense of status and enjoyment of items like fancy cars or fine jewelry. However, for many consumers, luxury purchases can fail to ring true, sparking feelings of inauthenticity that ...

Cold temperatures linked to high status

For decades, luxury retailers around the world have conveyed the message that cold temperatures are a sign of status with descriptions like "icy steel Swiss watches," "cool silk scarves" and "icy bling." But researchers have ...

Tsunami-safe Gulf is nothing but, experts warn

A major oil tanker expressway in the Persian Gulf once thought a low-risk area is actually a 'highly vulnerable hotspot' for monster waves, new research reveals.

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