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HomeeCommerce NewsDemand for Luxury items during the Coronavirus pandemic is increasing

Demand for Luxury items during the Coronavirus pandemic is increasing

Luxury shopping

In a bizarre new report regarding the Coronavirus pandemic, we have come to know that a trend has emerged out of nowhere when it comes to online shopping and the e-commerce industry. While it was said earlier that the pandemic is causing people to shop online as much as possible and pile up on stocks so that they don’t have to go out, this new report suggests something else. While it is true and a fact that online shopping has increased, there are people who are also taking advantage of this pandemic.

According to this new report, the Coronavirus pandemic is becoming a way for people who have enough cash to buy luxury items and have a stock of that as much as possible. Now, this is possible because we have seen that stores are giving massive discounts right now to empty the stocks and keep their stores running and pay salaries to their employees. Some people are taking advantage of this price cuts and getting things at half the prices of what they are originally sold for.

As per a customer known to have bought luxury items during these times, they say that “I’ve bought an area rug, a coffee table, prints for the walls, a mirror and plants,”. The person adds that “I could’ve gone for a cheap coffee table but I went for a chic, nice one from West Elm. It’s mid-century looking and walnut,”. They add that “I love it.” but don’t mention why they went for the “chic, nice one” and one possible reason is that the prices were much lower than they generally are.

Another person says that shopping is a way for them to fight the Coronavirus. They add that “Shopping takes your mind away from the harshness of everyday life”. “We wake up and we have no idea what the rules of the world are going to be today, so [shopping] is self-soothing.”

Sonali Minocha
Author: Sonali Minocha

Passionate about Innovation and Technology. I love to contribute to high impact projects/ products. I have co-created/contributed to technology solutions touching 100 million ++ humans. I am also fond of e-commerce & PIM solutions. As editor of eCommerceNext, I am bringing news, events, opinions, experts, reviews from the world of e-commerce and PIM Besides technology and innovation, I am usually involved in setting up and running complex operations and human capital systems. I have been grateful to be acknowledged by getting “Great Places to Work – Top 100”, “Great Places to Work – Top 50”, “Great Place to Work – Top 5” awards for my company. I am a people and relationship person and bring in a balance of empathy and realistic solutions. I thrive on building processes and building control systems. I led the team that achieved CMMI Level 3. I have managed large teams and in-turn managed projects worth 15-20 Million (Annually) Want me to cover an interesting story around eCommerce or PIM? Reach me on [email protected]

Author

Passionate about Innovation and Technology. I love to contribute to high impact projects/ products. I have co-created/contributed to technology solutions touching 100 million ++ humans. I am also fond of e-commerce & PIM solutions. As editor of eCommerceNext, I am bringing news, events, opinions, experts, reviews from the world of e-commerce and PIMBesides technology and innovation, I am usually involved in setting up and running complex operations and human capital systems. I have been grateful to be acknowledged by getting “Great Places to Work – Top 100”, “Great Places to Work – Top 50”, “Great Place to Work – Top 5” awards for my company.I am a people and relationship person and bring in a balance of empathy and realistic solutions. I thrive on building processes and building control systems. I led the team that achieved CMMI Level 3. I have managed large teams and in-turn managed projects worth 15-20 Million (Annually)Want me to cover an interesting story around eCommerce or PIM? Reach me on [email protected]