LVMH digital struggle. Personal shopping potential within luxury groups.
Upd: I had this post in my drafts for quite some time. Today, I received an email that 24S, which I mentioned in the context of personal shopping, is closing its concierge service. Following LVMH e-commerce journey, it’s clear to me that the group is struggling to master its online presence. Partially may be explained by scale, apart from that using obvious and general methods doesn’t work in luxury.
This applies not only to 24S, which I’m sure is dragging down the group’s performance, but also to the online presence of its most prominent brands — about some of the gaps I wrote before (here I’m referring to Fashion & Leather Goods, Perfumes & Beauty, and Selective Retailing, as I’m not entirely familiar with the other divisions).
Personal shopping: A luxury gap
In the latest edition of 2Jour Gazette, I wrote an extensive article on luxury sanctions in Russia. I…