Content about American Express Business Insights

October 18, 2012

A funny thing happened on the way to the department store: luxury goods became accessible to consumers online and at increasingly deeply discounted prices.

A funny thing happened on the way to the department store: luxury goods became accessible to consumers online and at increasingly deeply discounted prices. Thanks to a spate of discount websites offering “flash sales” or exclusive, limited-time offerings, the flash sale phenomenon has revolutionized the way consumers shop, offering an entry into the luxury market at a fraction of the price.