Deep Dive into Innovations in Luxury Retail

As the landscape of luxury retail is rapidly evolving, a fresh perspective and innovations in luxury retail comes to the forefront from Lauren Barrie, the Group Head of Luxury Retail at Frasers Group. In a world still recovering from the effects of the pandemic, this topic is more timely than ever as we explore how luxury retailers are innovating and adapting. One noteworthy statistic: one in three customers that shop with Flannels, a division of Frasers Group, are experiencing luxury for the first time.

What does the future of luxury retail look like, what are the current innovations in luxury retail, and how is it changing to accommodate both traditional and new consumers?

In this episode of Retail Refined, host Melissa Gonzalez is joined by Lauren Barrie, Group Head of Luxury Retail at Frasers Group. They delve into the current state of luxury retail, including Frasers Group’s expansion plans, the innovative in-store experiences they’re offering, and the strategies they employ to cater to different types of luxury consumers.

Gonzalez and Barrie also discuss…

● Frasers Group, started with a £10,000 loan, is now a FTSE 100 company with over 900 stores across 30 countries, offering a mix of sports, premium, and luxury products.

● They are strategically situating their luxury stores (like Flannels) in towns and cities that previously lacked access to luxury, thus tapping into an underserved market.

● Lauren discusses their experiential retail plans, which include bringing in new categories and services, from the world’s first beauty changing rooms to introducing a world-class fitness studio.

Lauren Barrie is the Group Head of Luxury Retail at Frasers Group. She leads the luxury sector of the business, overseeing renowned brands like Flannels, Amara Home, and 18 Montrose. Barrie’s expertise has been integral in navigating the luxury retail segment in an ever-changing market.

Follow us on social media for the latest updates in B2B!

Image

Latest

Vogel
Empowering Through Connection: Vogel’s Pyramid Model Approach
July 19, 2024

Mission and Impact: Vogel Alcove, a nonprofit in Dallas, helps homeless children and families through various programs and services. Pyramid Model Framework: Vogel uses the Pyramid Model, an evidence-based framework for promoting young children’s social-emotional development with universal supports, targeted supports, and intensive interventions. Nurturing Relationships and Supportive Environments: Vogel focuses on building nurturing…

Read More
MedPAC
MedPAC’s Miss on Reality of Home Health Financial Reality Results in Suggested Cut in 2025 Proposed Rule
July 19, 2024

The March 2024 MedPAC report recommending a 7% payment reduction for home health agencies in 2025 has sparked significant concern within the industry. Why is this recommendation being met with such resistance, and what does the financial reality of home health agencies look like in contrast to these federal suggestions? Are the MedPAC recommendations…

Read More
baseball game
Sixth Inning- What are the Stages Where Your Business Takes Place?
July 18, 2024

When you think of a baseball game, you might picture the crack of the bat or the roar of the crowd as a home run sails over the outfield fence. But for the Savannah Bananas, the game is just one part of the spectacle. Jesse Cole, the mastermind behind this innovative team, shares how…

Read More
skilled trades career
A Skilled Trades Career Provides a Future-Proof Path
July 18, 2024

In today’s rapidly changing job market, a skilled trades career offers a viable and attractive option, especially for the younger generations exploring alternatives to traditional college education. Recent trends indicate a significant shift in interest in these hands-on professions. On Straight Outta Crumpton, host Greg Crumpton engages in a lively conversation with Nicole Bass,…

Read More