国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

LVMH goes online to lure more luxury customers to spend

By SHI JING in Shanghai | China Daily | Updated: 2017-07-25 07:13
Share
Share - WeChat

A woman walks past a Louis Vuitton advertisement in Fuzhou, capital of Fujian province. CHEN HAO / FOR CHINA DAILY

Global luxury giant LVMH is embracing the digital age in China by providing online shopping services for its core brand Louis Vuitton.

Starting from July 20, consumers can shop on Louis Vuitton's official Chinese website for all the products in the latest season, including handbags, shoes, ready-to-wear clothing, jewelry, accessories and fragrances. The online service has initially been made available in 12 major cities including Beijing, Shanghai and Guangzhou.

Not all the products can be delivered, with some requiring consumers to pick them up at stores. There is no price difference between goods offered at bricks-and-mortar stores and the online platform. UnionPay and Alibaba Group's Alipay are accepted, while Tencent Holdings' WeChat payment is not supported yet.

This is the 11th e-commerce platform that Louis Vuitton has rolled out since the first in France in 2005. Industry insiders said that the online channel will offset the brand's closure of eight bricks-andmortar stores in second and third-tier Chinese cities since last year.

LVMH Chairman Bernard Arnault said earlier that online shopping services are "very demanded by the client", saying that digital capabilities are an essential component of the elite experience of buying luxury goods.

With a market capitalization in excess of 100 billion euros ($117 billion), LVMH has been quite active with its digitalization. It hired Ian Rogers, a former executive at Apple Music, to be the group's digital officer in September 2015. The group's e-commerce platform 24Sevres became operational in June.

Chris Morton, chief executive officer of online luxury retailer Lyst, in which Arnault's family has also invested, said that luxury brands will face the risk of being eliminated if they continue to ignore consumers' needs and overlook digitalization.

Globally, digital sales of luxury goods increased by almost 12 percent in 2016, outpacing all other retail channels, according to market research firm Euromonitor International. Sales of luxury products are set to increase by an additional 50 percent in real terms over the next five years, accounting for almost 10 percent of all luxury sales.

As the world's largest e-marketplace, the transaction volume of China's e-commerce market rose 25.6 percent to total 20.5 trillion yuan ($3 trillion) in 2016, according to market consulting firm iResearch.

Just two weeks ahead of Louis Vuitton's move, Gucci started the online shopping service on its official website in China, and Prada is expected to roll out the same service in the third quarter. Christian Dior started to sell handbags on its official WeChat account last August.

Burberry launched its store on Alibaba's major online marketplace Tmall three years ago. According to the group's fiscal report for the first quarter ending June 30, income from e-commerce has increased by 40 percent year-on-year, and that result in China has more than doubled.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
江门市| 仙桃市| 图木舒克市| 衡阳县| 辰溪县| 芜湖市| 沙河市| 昂仁县| 应城市| 曲沃县| 大荔县| 章丘市| 灵寿县| 玉林市| 龙泉市| 陇西县| 许昌县| 三河市| 桂阳县| 方山县| 凤凰县| 邢台市| 嘉祥县| 台南县| 茌平县| 西乡县| 梨树县| 桂平市| 青河县| 浦江县| 那坡县| 大厂| 乾安县| 从化市| 共和县| 宝清县| 岳阳市| 甘泉县| 晋城| 南汇区| 醴陵市|