While recent news of a rebound in the luxury market segment has overjoyed retailers, the facts show that the comeback may be in a very different form than we are accustomed to seeing, says Tom Jacobson, managing director of Accenture’s pricing and profit optimization practice. Rather than finding a mainstay among older, brick-and-mortar shoppers, luxury retailers should note that, continuing on last year’s trends, today’s luxury shopper is younger and savvier with a tendency to buy online and at...