Must Read: What Luxury Stores Need to Succeed, What Happened to the ‘Russian Fashion Mafia’?

Photo: Chris McGrath/Getty Images These are the stories making headlines in fashion on Tuesday. What luxury stores need to succeed For Business of Fashion, Lauren Sherman walks through the six key factors that make a luxury store successful and able to thrive in today’s market. Sherman cites the newly renovated Dior megastore on Avenue Montaigne as a near-perfect example of the success she describes. From the importance of a store’s physical size to the potentiality for a store to also be a cultural landmark (see the new built-in museum at Dior), there is a new standard for the luxury experience…. Read Full Article