This study will give a critical view of how luxury e-commerce is important and what are the gaps that need to be covered in the modern business system (Okonkwo, 2007).
As trends changed it brought changes in the human setting, like people got more to the use of e-commerce and e-business. On a similar node, luxury is part of the glimpse where e-commerce brought luxury brands on high human accessibility. There came up luxury e-portals like Net-a-Porter which facilitated buyers on luxury boutique and designer clothing. Net-a-Porter being UK’s top selling online forum stocked 3000 brands at one time of selling, which was all to favor the luxury patrons on the internet (Roberts, 2010).
On the earliest luxury facilitated people where it became more than a necessity and something associated with the desires. Luxury was first sought as an idea of a peculiar, but later as fashion industry revolved and brands came up luxury became part of peoples’ lives (Danziger, 2005). The same perception revived on e-commerce where an estimated 95% buyers’ populace was only on the luxury. They bought luxury mobiles, branded watches, designer wear shoes, and fascinating designer clothes (Roberts, 2010). This was all because the opportunity was there on the e-commerce and more savvy brands utilized such opportunity to facilitate luxury consumers (Roberts, 2010).
With the popularity of luxury in the modern business system, the methods of trade also adopted the change. Today consumers not only trace luxury in goods or service, but they also expect luxury in the method of deliverance and service (electronic trade and provision). It was the year 1990 when Amazon gave origin to the concept electronic trade and distribution. Ebay was the second major contributor to e-commerce, a competitor of Amazon which evolved in the same year of e-business ...
The paper presents the strength on eLearning using a mobile phone that usually lies in the aspect of the communication approach rather than an approach pertaining to contents. Technologies within the mobile industry will at the moment as well as in the future tend to be made use of with a content approach but it must be pinpointed out that, mobile learning real advantages lie in the domain of communication.
The affluent customers of these luxury brands have also joined in the social media sites and their dominating presence is effectively being utilized by the companies to attract the new customer and retain the loyal customers (Kerin, 2010).
The advancement in technology has changed the mode of life on the planet. It has caused changes in almost every field. The field of education has also witnessed great changes due to the integration of technology in the lifestyles of individuals. The terms of ‘efficiency’ and ‘speed’ have become very important in the modern world.
Over the past few years, the advancement and popularity of computing has become phenomenon, with emphasis on the internet. Consequently, this has had an impact on the contemporary business, organization, and society in general. To remain competitive in their market niches, business organization need to able and ready to adapt to the consistently changing technological world, harnessing these technological tools and techniques to harness competitive advantage.
People living in highly modernized system has adopted many quick influences like e-commerce or luxury business (Okonkwo, 2007). This influence is from globalization which has brought changes in the lifestyle and in people’s buying and selling modes. Luxury is what stands out firm in this modern system; it is something which has centered people in between desires and modernism (Okonkwo, 2007).
An internet strategy is urbanized to envelope all of their present problems and enhance good customer and supplier relations. Creating an internet website would make the company stand accessible anytime-anywhere. In doing so the
Electronic commerce or E-commerce is an effective way of conducting business because it involves the use of electronic media to sell goods and services. It is often manifested in online platforms where customers can click the desired goods and services for immediate delivery.
Additionally, the technology platform has transformed the multichannel businesses to Omi-channel ones. The fashion websites have allowed its users to access the online shops where they can get to know the variety and different designs that are being offered and their
Many of their consumers are the young generation who use social media and mobile phone applications as their buying or selling platforms. Visual merchandising involve the use of several techniques in order to capture
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