There are multiple reports that Amazon AMZN is launching a luxury fashion site next month. How Amazon’s luxury site will work is not entirely clear and the company did not immediately respond to a request for comment. The way Amazon’s luxury fashion site will work is not clear yet, but if the information is not available to the vendor, that’s a major detractor. Department Stores ReduxHistorically, a high percentage of luxury fashion products were sold by legacy department stores. But whether they can succeed in luxury fashion, and whether they are good for their possible luxury vendors, is an open question.

Source: Forbes August 25, 2020 21:28 UTC