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Commerce

FOMO propelling luxury purchases forward online: report

June 26, 2023

In the past decade, the drop shipping business from China has seen incredible success but is this once lucrative model soon going to be ancient history? Image credit: Shutterstock. Composite: Haitong Zheng/Jing Daily. New data points from ESW find that 47 percent of luxury shoppers will pay full price to be the first or only person to have a product. Image credit: Shutterstock.

 

By Amirah Keaton

As reports confirm that shoppers intend to continue spending despite signs of economic instability, global direct-to-consumer platform ESW is exploring how scarcity factors into current ecommerce landscapes.

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  1. Dior traces fashion heritage at SCAD FASH Museum
  2. Vacheron Constantin unveils four Louvre-inspired Métiers d'Art timepieces
  3. Luxury Unfiltered: Luxury's listening problem is worse than the industry thinks
  4. Burberry crowns student winner of Reimagining Materials competition
  5. Prada taps ‘Re-Nylon’ profits to resource environmental education
  6. Proceeds from new Prada collection to fund artisan training in India
  7. Aman unveils plans for first ranch retreat in Texas Hill Country
  8. Blancpain opens submissions for 2026 Imaginist Literary Prize
  9. Off the Cuff: A Q&A with Wheels Up’s George Mattson
  10. ‘Peninsula Time’ platformed in dedicated campaign film
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