Today, more than ever before, consumers use digital tools to shop, research products and interact with brands. So why haven’t luxury brands fully embraced this trend – and what are they losing by staying on the sidelines? Consultants from the Boston Consulting Group explore why luxury brands need digital initiatives and outline how these brands must evolve if they wish to reach new consumers and retain present ones. getAbstract recommends this report to CEOs and marketers of luxury brands who want to revitalize their companies’ digital strategy.
In this summary, you will learn
- Why luxury brands need digital initiatives,
- How digital initiatives appeal to current and future luxury customers, and
- Which eight areas offer brands opportunities to digitize.
About the Authors
The Boston Consulting Group is a global management-consulting firm and a business strategy adviser.