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Case Study | Inside Farfetch’s Bid to Dominate Luxury E-Commerce

During a blockbuster year for online sales, Farfetch surged ahead of rivals to position itself at the front of luxury’s e-commerce race. Can it spin the current momentum into sustainable — and profitable — growth and become the unrivalled platform for luxury fashion online?
Farfetch is making a bid to position itself at the front of luxury’s e-commerce race.
Farfetch is making a bid to position itself at the front of luxury’s e-commerce race. (BoF)
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A year ago, the biggest players in luxury e-commerce faced an uncertain future. Myriad competitors had flooded a space once dominated by Net-a-Porter, ranging from vast marketplace Farfetch to niche challengers like MyTheresa, MatchesFashion and Ssense. These sites were largely undifferentiated, often selling the same products at the same price, while offering similar customer experiences. That led to high marketing costs, frequent promotions and difficulties reaching the necessary scale to pay off significant investments in technology, logistics, rapid shipping and other white-glove services.

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