Luxury Travel, Lifestyle and Marketing Trends

Latest Trends: Men, The Rich Opportunity for Luxury Segment

luxury latest trends

New Berluti Shop in New York

 

Most everything comes full circle at some point, so in that sense it’s not surprising that men, once far surpassing women in sales of luxury goods, are back as a major target. And nowhere is this more evident than in luxury retail. LVMH, whom we know is the lead to follow, is investing tens of millions of dollars in the male market segment. This week they’re opening the first New York store of Berluti, the maker of expensive men’s shoes that they’ve turned into a full apparel and accessories line and are showcasing this in their new outpost. This is part of a $137 million investment they’re making according to the Wall Street Journal. During the Great Recession many women who previously traded up become introduced to the likes of H & M, Zara, Forever 21 and others, and realized they could get knockoffs of the latest trends, such as an “it” bag or clothing items, for a lot less. And it’s unlikely they’ll return to shopping as before. Not so men, who, according to the article, are more loyal to brands and care less about the latest trends. Plus, according to Bain & Co., between 2009 and 2013 men’s luxury spending increased 55% compared with 37% for women. So the luxury heavyweights are opening men only stores. In the past year alone, for example, in Miami’s Design District, Dior and Christian Louboutin have opened shops for men only along with a Berluti store.  If fashion leads the way in luxury latest trends, then what can we expect to see  for men in other lifestyle categories like hotels and spas?  Sounds like a real business opportunity.

 

Brilliant Sponsorship Promotion

 

How to get maximum promotional benefit from a sponsorship, especially one involving funding free admission to a museum or event? ING came up with a brilliant idea. As an offshoot of sponsoring free admission celebrating the reopening of the Netherlands’ Rijksmuseum, they recreated a living version of one of Rembrandt’s most famous works – The Nightwatch, in a major shopping center. The video of the live tableau went viral gobally, seen by over 4 million people on You Tube. The promotion is part of an ongoing collaboration between the museum and ING dating back to 2005. It includes the central museum and an annex in Schiphol Airport, the only airport in the world to have a museum.  Account holders are offered a 50% discount by showing their card. Congratulations ING.

 

New Twists on Eating Local

 

Erik Andrus explains The Vermont Sail Freight Project in their Kickstarter video

Erik Andrus explains The Vermont Sail Freight Project in their Kickstarter video

The eating of eating locally grown food continues to gain steam with new variations on water, land and sea, and novel ones at that.  Road warriors weary of the all too prevalent chain restaurants in airports and on interstate highways, will be delighted to hear that airports across the country are turning to leading hometown chefs for new eateries on the casual side. As reported in the New York Times,  at LAX airport, Michael Voltaggio of Ink and Ink Sack is opening an upscale sandwich shop and Suzanne Goin of the highly regarded Lucques will open a high end deli next month. Chicago’s Rick Bayless (Frontera Grill), Houston’s Bryan Caswell (Reef) and Denver’s Justin Cucci (Root Down) also have new dining spots on tap with extensive menu items to go.  Approaching local from a sustainable transportation model, Vermont farmer Erik Andrus launched the Vermont Sail Freight Project , a low tech approach to both food and energy,that features a 39 foot sailing barge, Ceres, that plies the Hudson River with produce from 30 new England farms. Produce is destined for sale in port towns from Hudson to Yonkers – farmers markets, dinners and parties. In an earlier post on the new phenomenon of the “hobby farmer’ we wrote about urbanites having their own chicken coops for fresh eggs. In the latest twist, a company started a business called “rent a chicken”. For $350 customers can rent a pair of egg laying hens, a supply of food, coop and water dish for a several month period to try it out. All the rewards of backyard chickens for much less responsibility. Sounds like an intriguing idea, but what do you do when you travel? How about a new business idea, hen sitters!?

Online Dating Goes Microniche

GlutefreeSingles

As you probably know by now, we are major proponents of the importance of going niche, even micro-niche having written about its emergence and acceleration since 2005, the founding year of our Luxury Travel and Lifestyle Trends newsletter. But the latest incarnation surprised us – microniche online dating sites, with services we would never have guessed. We’ve already seen fractioning sites for everyone from Christians, Catholics and Jews, to seniors and millennials; now there are new entrants for farmers, gluten-free singles and devotees of Ayn Rand, The American novelist, philosopher, playwright and screenwriter. Farmers Only boasts 100,000 users with the tagline: “City folks just don’t get it”. (Not sure where that leaves urban farmers). The already ten year old site, THE Atlasphere has 16,000 dating profiles, where followers of Ayn Rand can meet online for conversation and possible meet-ups. Feeling alone, awkward, or a burden because you’re gluten-free? The most recent entrant is GlutenFree Singles that would seem to be a prime target for romantic resorts offering gluten free menus.

What possibly could be next? We’d love to hear your ideas. For a more in depth read,you might enjoy this article in the Wall Street Journal, “Farmer Seeks Same: Looking for Love in All the Niche Places” (love the title).