This may come as a great shock to a majority of you. On the internet LVMH-owned e-tailer baume & mercier watch.com are going to be closing its retail operation. eLuxury, known for high finish designer handbags, including Lv, are going to be transitioning its web site into an on-line magazine focusing on high-class markets. The doors towards the retail operation will close along with a spokeswoman totally from LVMH claimed this transition is since many of the brand name eLuxury sells have created their personal on-line presences.

This news is unexpected for many, including us at Tote Blog. We have enjoyed working with eLuxury throughout the previous 4 many years as well as featured an excellent connection with them. My very first LV Carrier, the infamous Wapity, was an eLuxury purchase. We will talk about more information and facts with you as we hear it. Thank you eLuxury for all the astounding many years you offered us with high-class goods!

Read the tale as well as tell us what you think about eLuxury closing their retail operation.

ELuxury.com, the designer e-commerce web site launched in June 2000 by LVMH Mo?t Hennessy Lv, will close the retail portion of the web site throughout the next six months.

A spokeswoman at LVMH confirmed the San Francisco-based e-tailer is in the early stages of transitioning the web site into an on-line magazine focusing on high-class markets. She stated the cause for the closure of the retail operation was not based on the web-sites monetary overall performance, yet rather since many of the brand name it sells have created their personal on-line presences. ELuxury.com was a pioneer in on-line high-class retailing, providing designer apparel as well as accessories, attractiveness as well as childrens collections totally from such brand name as Christian Dior, Pucci, Celine, Marc Jacobs, Versace, Dolce & Gabbana, Fendi, Tods as well as an exceptional Lv shop. Sources stated eLuxury has shown consistent sales growth overall experiencing double-digit increases totally from 2007 to 2008.

Starting in mid 2009, eLuxurys new mission are going to be to create an e-window into all of us of high-class, by serving as an information and facts reference for high-class in fashion, art de vivre, buckskin goods, wines as well as spirits, timepieces as well as jewelry, gastronomy, cars, yachts as well as services, the spokeswoman stated. To that finish, marc jacobs bags intends to acquire collaborations with all the most famous names in the world of high-class media, too as the primary contributors of the high-class world.

The company plans to close the retail portion of its business fully by June as well as plans to move many of its employees throughout to other positions within LVMH.

Several market sources stated they were surprised with LVMHs selection to appoint David Asher as eLuxury president position in August. One supply stated that though he had more or less 18 many years of feel in high-class retail, getting worked at Holt Renfrew, Neiman Marcus as well as Bergdorf Goodman, he had little feel in e-tailing, distinct from his predecessor, Ann Helper, who was with eLuxury because its kick off. The LVMH spokeswoman confirmed Asher will stay with all the brand to spearhead plans to alter the web site.

Sucharita Mulpuru, an e-commerce analyst for the Cambridge, Group.-based Forrester Research Inc., stated she was shocked to hear of eLuxurys decision to close its retail business. Im honestly definitely surprised, she stated. It seemed turn into doing so well.

Mulpuru stated that with all the high-class market hurting overall as well as stores similar to Saks Fifth Avenue as well as Neiman Marcus enduring in this economy, she predicts there are going to be many more shop closings, both on-line as well as high street. Anyone who isnt strong in this atmosphere is primarily vulnerable as well as will not survive, she stated. Nevertheless I definitely did not see this one coming.

Please visit my personal blog www.wisunglass.com for more information