Kering, which owns brands including Gucci and Saint Laurent, said on July 28 that e-commerce accounted for 13% of its total retail sales (pdf) in the first half of 2020, up from just 6% during the same period last. CFO Jean-Marc Duplaix pointed out on a call with investors that even as stores have reopened around China and Europe, digital growth continued to accelerate.

LVMH—the world’s largest luxury group and owner of brands such as Louis Vuitton and Dior—said it saw strong performance across its own e-commerce channels, as opposed to online sales through other retailers, which have tended to dominate online luxury sales. “When I see the amount of business that we’ve been able to generate in the last six months on our e-commerce platform, I think there is a future for these platforms to generate a significant amount of the global sales,” Jean-Jacques Guiony, LVMH’s CFO, said on the company’s July 27 earnings call. Stores will remain the most important sales channel, he added, but e-commerce will also be a “very interesting way of approaching some clients and distributing products.”

E-commerce hasn’t been nearly enough to offset the tremendous losses luxury companies have suffered from closed stores and the plunge in international tourism, which makes up a large share of their sales. But it has softened the blow. Prada, for instance, today reported that online sales grew 150% in the first half of year versus the same period last year, despite total sales falling 40%

Digital sales should only become more important in the years ahead. At the start of 2020, they accounted for 12% of luxury sales, according to management consultancy Bain & Company—less than e-commerce’s share of retail generally. But luxury e-commerce’s growth has outpaced the market overall, partly because millennials and Gen Z shoppers make up a rising share of high-end consumers. The pandemic has forced shoppers to adopt even more digital habits, at least some of which are likely to stick around. By 2025, online sales could account for as much as 30% of the luxury market, Bain estimates. Companies are taking note.

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