Luxury Daily, April 7, 2020 – Sotheby’s sees spike in digital sales as coronavirus pushes auctions online
Your Message Subject or Title
Your Message Subject or Title
The initiative follows Mr. Porter’s Health In Mind effort to help customers and online readers lead happier, healthier and more fulfilling lives, even while at home.
Your Message Subject or Title
Many established and young luxury brands rely on Bloomingdale’s to drive U.S. sales of fashion, leather goods, accessories, footwear, watches, jewelry, eyewear, perfumes and cosmetics.
Your Message Subject or Title
The world of haute couture, where individual pieces of high-end fashion are crafted by hand from start to finish, has only become more accessible to Chinese consumers lately.
U.S. department store chain Nordstrom Inc. has yet again set the tone in communications from its top brass as it explains extending bricks-and-mortar closures for another week.
For those companies planning their next market opportunity, targeting the work-from-home market with more elegant and yet comfortable luxury fashion is an option.
The coronavirus-induced closures may be the straw that broke the camel’s back for debt-laden Neiman Marcus Group, one of the most storied department store chains in the United States and a key channel for luxury fashion and leather goods brands.
Bluntly put, Amazon is always one step behind Alibaba, and its new venture into the world of luxury continues this trend.