Hard Awakening to eCommerce
In fear of sacrificing the sense of exclusivity, many luxury brands have been hesitant to branch out online, making them some of the slowest to embrace eCommerce as a distribution channel. Today, however, even the strongest luxury holdouts have pivoted from their previous positions and not only do they see the value in selling to online consumers, but paradoxically, for foreseeable future place bets that the majority of luxury market growth will be coming from e-commerce.