The luxury labels still have a way to go before getting customers to shell out top dollar.
As the Audrey Hepburn generation fades, the luxury jewelry store is putting on a younger face.
Few product categories are contending with as many headwinds as jewelry.
The complaints about lack of diversity come at a time of declining sales.
It will close its flagship Polo store on Fifth Avenue, revamp its e-commerce operations and cut jobs.
Swiss watchmakers have been increasingly embracing e-commerce to reach a younger clientele.
Tiffany has been cutting costs, rolling out new products and increasing its marketing.
Tiffany had been contending with weaker spending in Asia and slower tourism after terrorist attacks in Paris.
The 44-year-old’s innovation position was created to drive the Ralph Lauren brand across all channels.
Nike plans to stop selling golf clubs, balls and bags while continuing to offer footwear and apparel for the sport.
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