Luxury Marketing Forum 2018 New York
Join senior executives at the Luxury Marketing Forum 2018 conference, an event hosted Wednesday, Sept. 26 by Luxury Daily that is designed to offer marketing strategy, advice and best practice as consumers increasingly exert control over marketing messaging and receptivity, thus evolving perception of the brand.
The theme of this year’s event is 3D: Digital, Dialogue and Data.
Speakers include the leading marketing and retail experts in the business advising some of the largest luxury brands.
Topics under discussion include how customer shopping behavior has changed, selling high-net-worth individuals in the digital era, view from the brand, data-driven marketing in luxury, role of experiences, state of marketing across key luxury sectors, how privacy is the new luxury good, legal best practice for luxury marketing and retailing, role of fragrance in a retail environment, making luxury iconic, the luxury store’s story, future of the CMO, and the luxury brands driving global growth.
Venue is UBS Building, 1285 Avenue of the Americas, 14th Floor, New York, NY 10019. The conference is priced at only $795 and includes breakfast, lunch and snacks throughout, with plenty of networking opportunities. Attendees will also receive a free copy of Luxury Daily’s Luxury Marketing Best Practice Handbook. Please email firstname.lastname@example.org for the lunch sponsorship.
Luxury Marketing Forum
3D: Digital, Dialogue and Data
A Luxury Daily event focused on the how consumer dialogue and permission are the new marketing
Date: Wednesday, Sept. 26, 2018
Venue: UBS Building, 1285 Avenue of the Americas, 14th Floor, New York, NY 10019
7:30 a.m. – 8:15 a.m.
Breakfast and Registration
8:15 a.m. – 8:30 a.m.
Mickey Alam Khan, editor in chief, Luxury Daily
Seth Rutman, vice president for wealth management, JPR Group, UBS Financial Services
8:30 a.m. – 9 a.m.
How Customer Shopping Behavior Has Changed and What it Means for Luxury
Digital tools and ecommerce services such as Amazon and Net-A-Porter, along with brands’ online and mobile stores, have armed affluent consumers with more information, price transparency and delivery expectations – not all of which can be easily executed by luxury marketers. How should brands shape their marketing and retail strategies, as well as their holiday push, in the face of these challenges?
Robert Samuels, executive director – equity sector strategist Americas, UBS Wealth Management Chief Investment Office
9 a.m. – 9:30 a.m.
How to Sell High-Net-Worth Clients in the Digital Era
Today’s luxury customers no longer perceive that they need store sales associates in the same way as they did in the past. Sales associates’ influencer status has dropped to #3 after friends and social media. Store associates’ currency with clients has changed from product and information to relationship, but many of them are in denial. Customers are changing faster then sales teams are adapting. How should luxury marketers close the skills gap to attract, sell and retain affluent customers? How to adopt new behavior and weed out old practices that annoy today’s clients?
Martin Shanker, president, Shanker Inc.
9:30 a.m. – 10 a.m.
View from the Brand: Residences at Mandarin Oriental
Luxury marketers are in the crosshairs of demanding consumers and rapid technology evolution that has upended marketing as you know it. How are executives in charge of marketing reacting? And how are their organizations reacting? The Residences at Mandarin Oriental, which offers its affluent buyers the amenities of a luxury hotel with the comforts of a private home, shows the way.
Adelina Wong Ettelson, head of residences marketing, The Residences at Mandarin Oriental
Mickey Alam Khan, editor in chief, Luxury Daily
10 a.m. – 10:30 a.m.
Networking and Refreshments Break
10:30 a.m. – 11 a.m.
Data-Driven Marketing in Luxury
Digital marketing and advertising spending this year in the United States will surpass spending on traditional platforms. Digital data about consumers will fuel such marketing and advertising. So where is marketing in luxury headed with all the changes? Challenges include finding talent who understand luxury through consumers’ eyes, and how data is collected, analyzed and used with the European Union’s GDPR in force and the new California law that takes effect in 2020. And who is educating the future leaders of luxury brands?
Stephen Kraus, chief of insights, SimilarWeb
Kristie McGowan, director for global luxury and management, North Carolina State University
Alberto C. Milani, chief design and development officer, Berkshire Hathaway’s Richline Group luxury division, and president, Italy America Chamber of Commerce New York and NAFTA Area
Moderator: Bob Shullman, founder/CEO, The Shullman Research Center
11 a.m. – 11: 30 a.m.
Role of Experiences in a Luxury Environment
The buzz is that seeking unique experiences is replacing possessing material goods, marking the movement of luxury consumer dollars. How does this translate in the retail environment for monobrand and department stores? How should marketers go above and beyond to deliver experiences that get customers coming back to stores, both in bricks and mortar and digitally?
Ken Nisch, chairman, JGA
11:30 a.m. – Noon
Retail Renaissance: Consumer Behavior and the Rise of Human-Centered Retail
The retail industry is experiencing a polarization of consumers at either end of the value versus luxury segments, with particular growth in disposable income among high-income consumers: ~59 percent of wallet share is made up of discretionary spend. Meanwhile, and despite conventional wisdom, millennial consumers display behavior more in line with their income levels rather than traditional stereotypes of millennials as a single cohort. What are the capabilities that luxury retailers and brands need to understand about the human needs of the evolving consumer, and what are the challenges they may need to overcome?
Stacy Kemp, partner, Deloitte Consulting
Noon to 1 p.m.
Sponsored Lunch Hour
12:10 p.m. – 12:30 p.m.
Privacy is the New Luxury Good
Consumers with enough disposable income will use a disproportionate amount of their money to “buy back” their privacy and raise their social status. The goods they buy will signal to society that they can afford to maintain their sovereignty and still function in society. In due course, social and commercial tides will turn, as the tools to manage privacy get better and more accessible. The world’s societies and economies will transform. The question is, how?
Michael J. Becker, managing partner, Identity Praxis
1 p.m. – 1:30 p.m.
State of Marketing Across Key Luxury Sectors
A sector-by-sector look at how marketing has changed and what it means for luxury brands and retailers as their peers adapt or lead. Sectors examined include retail, leather goods and accessories, apparel, automotive, hospitality, real estate, fragrance and personal care, watches and jewelry, home furnishings and financial services.
Milton Pedraza, CEO, Luxury Institute
1:30 p.m. – 2 p.m.
Optimizing strategy and tactics on Facebook and Instagram
Morin Oluwole, head of luxury, Facebook and Instagram
2 p.m. – 2:30 p.m.
Legal Best Practice for Luxury Marketing and Retailing
How should luxury brands and retailers navigate advertising, marketing, media buying and retailing in an era of increasing regulation from the European Union and states such as California? How should they handle thorny issues – to the marketers, that is – such as privacy and ownership of data? What are some of the legal issues currently being heard in courts and what are likely to end up before judges in the year ahead as digital media and commerce change marketing and retail?
Rania V. Sedhom, managing partner, Sedhom Law Group
2:30 p.m. – 3 p.m.
Networking and Refreshment Break
3 p.m. – 4 p.m.
Candid discussions on the role of scent in-store, how luxury are stores and their story, turning luxury products iconic, and the future of the chief marketing officer.
Role of Fragrance in a Retail Environment
Sue Phillips, bespoke perfumier and founder/CEO, Scenterprises
Making Luxury Iconic: Parallels With Art
Lisa Koenigsberg, founder/president, Initiatives in Art and Culture
What is the Luxury Store’s Story?
Marie Driscoll, founder/principal, Driscoll Advisors
Future of the CMO
Greg Paull, cofounder, R3
Moderator: Mickey Alam Khan, editor in chief, Luxury Daily
4 p.m. – 4: 30 p.m.
Rise of Cruise Retail and Duty-Free as Land-Based Retail Stumbles
LVMH-owned Starboard Cruise Services is the leading cruise ship retailer worldwide with more than 700 onboard retail shops and 2,500-plus employees operating on more than 90 cruise ships. The 60-year-old company sells jewelry, Swiss timepieces, handbags, liquor, beauty products and apparel from brands such as Bulgari, Cartier, Tiffany and Dior, and was the first onboard retailer to offer standalone luxury boutiques. What are some key retail trends, how to transform the brand and train staff, and what does it take to carve out a successful business model in the highly competitive duty-free world?
Beth Neumann, president/CEO, Starboard Cruise Services
4:30 p.m. – 5 p.m.
The Luxury Brands Driving Global Growth
Luxury brands grew 28 percent in brand value in 2018, compared to just 4 percent in 2017, according to the BrandZ Most Valuable Global Brands Report from Kantar Millward Brown and ad agency conglomerate WPP. The way luxury is defined has expanded, as younger consumers discover new niche brands and older customers seek traditional luxury products, but also find satisfaction and express individuality with exclusive experiences as well as philanthropy. What are the drivers of luxury brand growth this past year, including unique brand experiences, new uses of data and technology, and the rise of streetwear influence?
Sana Carlton, group senior vice president, Kantar Millward Brown
5 p.m. – 5:10 p.m.
4 D’s from the Luxury Marketing Forum 2018
What marketers should keep doing, stop doing, start doing and do differently.
Mickey Alam Khan, editor in chief, Luxury Daily
Luxury Daily reserves the right to alter the agenda or change the venue. Refunds will not be given after 12.01 a.m. on Monday, Sept. 24, 2018
Hotels in the Midtown Manhattan neighborhood:
80 Columbus Park at 60th Street, New York, NY 10023; tel: 212-805-8800
Trump Hotel Central Park
One Central Park West, New York, NY, 10023; tel: 212-299-1000
Hudson New York
356 W 58th Street, New York, NY 10019; tel: 212-554-6000