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Following is a link to the seven trLuxuryInstitute_Logo_taglnends the Luxury Institute forecasts for 2015:

Click here to view the Luxury Institute’s Seven Trends Shaping Luxury in 2015.

After reading through the list, some of my key takeaways are:

  • There is over saturation in the luxury sector. Brands will need to do an even better job of differentiating their products and services. Customer service, relationship building and social outreach are critical.
  • Leaders must strive to inspire, empower, measure and reinforce best practices.
  • It’s all about developing relationships, particularly across channels. (See my previous post What the Luxury Sales Associate Needs to Know in an Omni-Channel World).

Also, and very importantly, look for luxury brands to empower store sales associates who have multi-channel clients to reach out and build human relationships after the client purchases in any channel.