13 Mar '18, 10am

Online sales of luxury goods currently stands at $25 billion USD in total.

Luxury fashion has traditionally been the last to utilize e-commerce but a new report is stating that there’s a change on the way, led by brands such as Gucci and Balenciaga . Management consulting firm McKinsey released a report called “The age of digital Darwinism,” which took an in-depth look at brands who were taking advantage of online shopping. Leading the way was monobrand stores, which brought in the largest volume of sales, but marketplace stores, such as Farfetch , The RealReal and Vestiaire were close behind. Quartz reports that Techplaces — such as Lyst and Rent the Runway — were also offering interesting opportunities for growth. According to senior partner Antonio Achille, this is because they can “offer a curated assortment without the risk of carrying the full inventory needed to fuel their growth.” Online sales of luxury goods currently stands at $25 billi...

Full article: https://hypebeast.com/2018/3/luxury-online-fashion-market...

Tweets

Can cryptocurrency disrupt luxury fashion retail?

Can cryptocurrency disrupt luxury fashion retail?

luxurydaily.com 12 Mar '18, 1pm

{"ct":"O\/WfdZipZhh9xshes86Rq8u\/0ZuLQTondNn6Ldt26EUcmwbo0xZRdZpVpydX\/0Vuz5KbFmFtTNMDT+GJ+9l+Tg0Rd+JOPjTLZQkedZ3FBVJtcUpR...

YOOX NET-A-PORTER GROUP and @HPE : Online #luxu...

youtube.com 13 Mar '18, 3pm

The leading luxury online retailer, YOOX NET-A-PORTER GROUP, navigates peak shopping surges with help from HPE GreenLake F...

Luxury Daily releases new 40-page State of Luxu...

luxurydaily.com 12 Mar '18, 7am

{"ct":"KzvVXHyn2sUIeB8CsXUGP3hlgLC4yQC+laE\/E5XG1WryGNQtLJqaJk8M66IE11qnjvQIjTk81aFOIHj+GUdc+\/3Qh64j+8WdNmIT8Fi3TiLGO8WEU...

Companies in Asia have been supplying luxury go...

cnbc.com 13 Mar '18, 7am

Two Singapore companies and others in Asia have been supplying luxury goods to North Korea, according to a leaked draft of...

LATEST BARONESS BLOG OUT NOW

baronessworldluxury.com 13 Mar '18, 1pm

Luxury Travel to The Heart Of London. A day out in Mayfair London Luxury Travel to The Heart of London. Home of Elegance, ...

N Korea: UN draft report claims Singapore firms...

bbc.co.uk 13 Mar '18, 12am

Image copyright Getty Images Image caption The United Nations Security Council held an emergency meeting in November about...

30% Off Site-Wide* for your Monday Blues. USE C...

dressabelle.com.sg 12 Mar '18, 8am

Copyright © 2017 Dressabelle Pte Ltd 201102576G. All rights reserved. Dressabelle is a subsidiary of iFashion Group.

2 Singapore firms illegally sent luxury goods t...

channelnewsasia.com 13 Mar '18, 1am

SINGAPORE: Two Singapore-based companies have violated UN sanctions by supplying luxury goods to North Korea, according to...

Luxury small leather goods for women

loewe.com 18 Mar '18, 12pm

Security and Personal Data When you create an account in www.loewe.com or you subscribe to our Newsletter, your personal d...

Volkswagen Invests $25 Billion in Battery Suppl...

greentechmedia.com 13 Mar '18, 11pm

Volkswagen announced Tuesday that it had secured about $25 billion in battery supplies and technology, a sum it plans to s...

Luxury small leather goods for men

loewe.com 18 Mar '18, 12pm

Security and Personal Data When you create an account in www.loewe.com or you subscribe to our Newsletter, your personal d...

Is subconscious commerce the future for luxury brands?

Is subconscious commerce the future for luxury ...

luxurydaily.com 20 Mar '18, 6am

{"ct":"5zuEH4y1E47gegmwhjmrpiLkjXD0pBP6keeyG6X7vksE3cB0pYDxuGDexkiWFGmhgvXdLqy4WYv6vbsiAZ+0198X2OxSr9A1vA4k7vUOkGy2lWGq0\/...

BBC News - N Korea: UN draft report claims Sing...

bbc.com 12 Mar '18, 11pm

Image copyright Getty Images Image caption The United Nations Security Council held an emergency meeting in November about...

VW Group has nailed down $25 billion of batteri...

greencarreports.com 13 Mar '18, 5pm

John Voelcker Mar 13, 2018 Follow John Add to circle Volkswagen ID electric car concept, 2016 Paris auto show Enlarge Phot...