Department store chain Saks Fifth Avenue is Luxury Daily’s 2021 Luxury Retailer of the Year for its ambitious revamp of the luxury ecommerce experience, emphasizing service and personalization.
’s successes this year. The online retailer has introduced a host of new services in 2021, many of which have emphasized sustainability.
Farfetch also partnered with resale platform ThredUp to launch its donation service in the United States, following a successful launch in the United Kingdom back in 2019 .The retailer further emphasized the importance of resale with its acquisition of the platform LUXCLUSIF in December. It plans leverage LUXCLUSIF’s technology capabilities to further develop its existing resale service, Farfetch Second Life .
Farfetch also expanded its sustainable offerings with the launch of its first in-house fashion brand. Farfetch has seen revenues and momentum grow this year, confirming discussions related to a potential expansion of its strategic partnership with Swiss luxury conglomerate Richemont .
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