Online luxury retail sales skyrocketed 50 per cent over the first half of 2021 as it became the fastest growing sector thanks to a “growing digitally native middle class”.
Luxury ecommerce sales across international markets are driving the post-pandemic economic recovery, according to new data from eshopworld (EWS).
In a survey of nearly 15,000 consumers across 14 countries, EWS found that growing demand from millennial and Gen Z shoppers is set to drive online luxury sales up 30 per cent this year, up from 22 per cent last year.