Here's some good news for your wardrobe, but bad news for your bank account—shopping for luxury goods online is going to become a lot easier.
According to a new study by McKinsey, luxury retailers are ramping up their online presence. The report states that we have reached the tipping point at which the luxury market will only continue to grow through E-commerce over the next couple years.
The research projects that luxury sales will triple and reach about $79 billion in 2025. That kind of income would make it the third largest luxury market behind the U.S. and China.