12 April, 2008 | by Imran Amed, Editor

Fashion 2.0 | Still waiting for the future

About a year ago,  I posted an article entitled, Fashion 2.0: What the Future Holds, laying out some thoughts (and questions) on the future of luxury and fashion online.  Since then, Fashion 2.0 has been one of  the most discussed topics on The Business of Fashion, and the ensuing debate has been thought-provoking, largely due to the high level of engagement from the BoF community. The latest example of this is from Annie Chang, who posted this delightful YouTube video response to our first Fashion 2.0 post, demonstrating the convenience of shopping from the comfort of one’s living room. Thanks Annie.

Over the past year, I’ve continued to argue for the potential to sell luxury online, and more controversially, to use the Internet as a tool for communicating and engaging customers. I spoke to JC Report and the South China Morning Post about the growing influence of fashion blogs and wrote an article in the Financial Times on Fashion 2.0, using the example of the wildly successful Mini Cooper online community as a compelling case study for where things may go.

But, has anything really changed in the meantime?

Well, things are going gangbusters for some brands and bricks-and-mortar retailers.  London boutique Browns, for example, is experiencing rapid growth of their online business and apparently, Courtney Love recently placed a £15,000 order on the Browns site. eLuxury, one of the first movers into online luxury retail, has just done an extensive revamp of their site and, in recent months, Prada, Boucheron, Emporio Armani, and others have jumped into the online fray.

But for some, not a lot changed. Marc Jacobs has no online store. Neither do Dolce & Gabbana, Cartier, Versace or Chanel. Selfridges, one of the UK’s most prestigious high-end department stores, still sells absolutely nothing online. What are they waiting for?

Harvey Nichols and Harrods, two other UK luxury stores with international profiles, seem to have expanded their online assortment somewhat, but many of their most expensive (and covetable) items are still only available in store. This is a missed opportunity when successful online retailers like Neiman Marcus and Net-a-Porter report that it is precisely these uber-luxe items that are the sites’ fastest sellers.

Finally, we are still waiting for the first major luxury brand to create an online community of their most loyal brand evangelists. Who will be first to take the plunge? Our money is on Gucci, which has been amongst the most forward thinking of the luxury brands when it comes to the online space. What do you think?


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