WWD reports that eLUXURY.com will close the retail portion of the site over the next six months (completely by June) and will be transitioning the site into an online magazine focusing on luxury markets. A spokeswoman at LVMH confirmed “the reason for the closure of the retail operation was not based on the site’s financial performance, but rather because many of the brands it sells have developed their own online presences.” Damn one less authentic e-commerce site to shop for luxury goods, I anticipated to see the transition though.
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