Luxury shoppers flock online, but stores aren’t going out of style

Luxury consumers shopped online more than ever in the past year, forced by coronavirus-related restrictions to stay away from city-center stores and airport duty-free concessions. But while the shift toward e-commerce might seem to herald the dominance of the digital, the physical store could still have a role to play in the future of luxury.

Since the coronavirus pandemic began its spread across the globe a year ago, luxury-goods stores have had to roll down their shutters for a good part of the year as governments attempt to limit contagions. International travel, too, has been curtailed on a massive scale–and with it, the big business of luxury travel retail.

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Conversely, e-commerce sales have skyrocketed, with many if not most brands reporting increases in online revenue.

Online sales at Gucci’s

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How online shoppers have lost millions to fraud during the pandemic: ‘You have enormous vulnerability’

Yahoo Life is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

Make online shopping a safe experience for the whole family. (Photo: Getty Images)
Make online shopping a safe experience for the whole family. (Photo: Getty Images)

It’s another Saturday afternoon during the global pandemic, and you’re back on Amazon, filling your cart with household items and groceries. You haven’t been able to make your typical Target and Walmart runs lately, so you’re stocking up virtually instead.

Online shopping: everyone does it so it’s pretty harmless, right? Well, not always. Fraud is a possibility any time you shop online, according to Experian. And during a worldwide pandemic or even the holiday season, you’re especially vulnerable to hackers, phishers, and identity thieves. Covid-related fraud has already robbed a cumulative $13.4 million from unsuspecting Americans, according to the Federal Trade Commission

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Online shoppers have lost millions to fraud during lockdown

Yahoo Life is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

Make online shopping a safe experience for the whole family. (Photo: Getty Images)
Make online shopping a safe experience for the whole family. (Photo: Getty Images)

It’s another Saturday afternoon during lockdown, and you’re back on Amazon, filling your cart with household items and groceries. You haven’t been able to make your typical Target and Walmart runs lately, so you’re stocking up virtually instead.

Online shopping: everyone does it so it’s pretty harmless, right? Well, not always. Fraud is a possibility any time you shop online, according to Experian. And during a worldwide pandemic or even the holiday season, you’re especially vulnerable to hackers, phishers, and identity thieves. Covid-related fraud has already robbed a cumulative $13.4 million from unsuspecting Americans, according to the Federal Trade Commission.

That’s

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