Watch and jewelry sectors show significant lag in ecommerce: L2
Luxury watch and jewelry brands are significantly lagging behind other industries when it comes to the crucial factor of ecommerce, according to a new report by L2.
Luxury watch and jewelry brands are significantly lagging behind other industries when it comes to the crucial factor of ecommerce, according to a new report by L2.
Maintaining an in-house ecommerce platform is highly demanding, making a cloud-based solution the shrewdest move for brands lacking serious cash-flow and a digitally-oriented management team, according to a new report by L2 and Demandware.
Affluent consumers have shown their interest in buying goods online, but many luxury brands have been hesitant to embrace ecommerce as part of their retail strategy.
Through the use of digital touchpoints, a host of luxury brands broadened their presence using different mediums.
Luxury Daily’s live news from Apr. 10 – Harrods hosts summer-themed interior and design windows; Anya Hindmarch celebrates weddings this season with online shop; Swarovski polls consumers about brand sustainability; Chanel hosts collection on Net-A-Porter to test ecommerce.
French department store Galeries Lafayette is responding to the growing convergence of style and workout gear with the opening of a new dedicated space for activewear in its Paris flagship.
Online marketplace Amazon is a threat to many luxury brands with its expanding presence and recent ranking as the top store for affluent consumers, according to Shullman Research Center.