Deep Dive 17 minutes PremiumDeep Dive: Luxury E-Commerce Evolution Coresight Research April 7, 2017 Executive Summary We are witnessing the proliferation of online multibrand retailers and aspirational fashion platforms. These companies provide global infrastructure and distribution for luxury brands such as Yoox Net-A-Porter, Matchesfashion.com, Farfetch, and Mytheresa.com. The strong growth of online pure-play luxury retailers has demonstrated that shoppers are keen to purchase luxury goods online. The growth in online luxury shopping is poised to continue. For a challenged and sluggish luxury goods sector, e-commerce has emerged as an important growth engine. Multibrand online retailers are taking share from US department stores such as Neiman Marcus, Saks Fifth Avenue, Bloomingdale’s and Nordstrom. The luxury goods sector was slow to expand into e-commerce, but now players are vying for a share of the fast-growing online luxury market. E-commerce is the fastest-growing distribution channel globally for luxury goods. McKinsey & Company forecasts that e-commerce will account for 18% of total luxury sales in 2025, up from 8% in 2016. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Consumer Tracker: Avoidance Rises and Activity SlidesFive Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023Tapestry’s Acquisition of Capri Holdings Paves the Way for an American Luxury PowerhouseRetail 2024: Top 10 Trends in Retail Technology