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Feb. 26, 2026
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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. Luxury Unfiltered: The AI reckoning will separate true luxury brands from imitators
  2. Global demand for luxury hotels outpacing supply: JLL
  3. Luxury on trial: What will stand up in 2026
  4. Belmond partners with fashion designer Thebe Magugu
  5. Rolls-Royce drops in at Oberoi Concours d’Elegance
  6. IHG introduces Regent Spa concept
  7. Julien's Auctions to sell archival looks from actress Gwyneth Paltrow
  8. Capri Holdings fills CFO, COO role
  9. ‘Sculpting the Soul’ unites Lamborghini Fenomeno with contemporary design culture
  10. Bulgari signs pop star Dua Lipa as global brand ambassador
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