Here's a fascinating development in the world of e-tailing: Despite claims of strong performance, eluxury.com is shutting down retail operations. Why? "Because many of the brands it sells have developed their own online presences," according to a rep for luxury brand company and eluxury owner LVMH. No matter how they spin it, this news can't bode well for other e-tailers. [WWD]The site hasn't shuttered yet, however, and is still taking an additional 30% off already marked down items HERE.
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