Audio By Carbonatix
Amazon.com Inc. has launched a “Luxury Stores” platform in a bid to persuade upscale brands to sell their wares on the e-commerce giant’s marketplace.
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
The new shopping experience will be available on Amazon’s mobile application by invitation only to eligible Prime members. Customers can view products in 360-degree detail on different body types and skin tones. Invites will be extended to other shoppers over time, the company said.
Amazon has long struggled to attract couture labels, even after participating in fashion shows and hiring executives from style hubs such as Vogue magazine and Ralph Lauren. Fashion labels generally prefer carefully curated selections and direct relationships with their customers, in contrast to Amazon’s marketplace format.
By some estimates, Amazon recently surpassed Walmart Inc. as the largest seller of apparel and footwear in the US. But analysts say much of those sales are basic clothing items, not high fashion.
KeyBanc Capital Markets Analyst Edward Yruma said he was expecting a “larger brand or a collection of smaller brands” for the launch.
“The partnership with Oscar de la Renta is somewhat surprising,” Yruma said. “Oscar’s apparel presence in the traditional wholesale channel has waned over recent years and the brand has been increasingly reliant on its jewelry and fragrance offering.”
Amazon’s foray into luxury fashion could be a further blow to struggling department stores and boutiques left reeling from the pandemic, he said.
Luxury labels have been hesitant to partner with Amazon, turned off by counterfeiters on its third-party marketplace and the e-commerce giant’s reputation for giving brands less control over how their wares are marketed than physical retailers. Amazon has tried to allay their concerns for years, with pledges to crack down counterfeiting and tools to help brands curate their own corners of the company’s sprawling retail site.
In China, Alibaba Group Holding Ltd.’s Tmall has lured more than 180 brands to its Luxury Pavilion platform, including Chanel, Bottega Veneta and Cartier.
Amazon routinely launches retail experiments, folding them quietly if they don’t pan out. Abandoned efforts include MyHabit, a flash-sale fashion portal, and the Echo Look, a camera Amazon had pitched as a way for shoppers to get algorithmically-powered advice on their look.
Latest Stories
-
ICE confirmed Ken Ofori-Atta was medically fit for detention – Victor Smith
2 hours -
‘He shut the door in our faces’ – Ghana’s envoy reacts to Ken Ofori-Atta decision
2 hours -
FBI involvement raises stakes in Ken Ofori-Atta detention – Ghana’s US Envoy
5 hours -
‘Miracle baby’ born in a tree above Mozambique floodwaters dies aged 25
5 hours -
After years of losses, BoG tightens controls and slashes fees in Gold Programme overhaul
6 hours -
Minnesota sues Trump administration to block surge of ICE agents
6 hours -
Trump to meet Venezuelan opposition leader Machado at the White House
6 hours -
Trump announces 25% tariff on countries doing business with Iran
6 hours -
How BoG’s gold strategy quietly pulled in $17bn and held the economy together
6 hours -
Ghana Water targets the end of January 2026 to resolve Teshie water crises
7 hours -
All UG students who overpaid fees will be refunded – Deputy Education Minister
7 hours -
Majeed Ashimeru set for La Louvière loan switch from Anderlecht
8 hours -
NPP flagbearer race: Any coercion in primaries will be resisted – Bryan Acheampong campaign team
8 hours -
‘Infection spread’ feared: Teshie water crisis triggers healthcare emergency
8 hours -
AratheJay turns ‘Nimo Live’ into defining homecoming moment
9 hours
