Quarterly conversion rates of luxury apparel & handbag e-commerce worldwide 2021-2023
Worldwide, the quarterly online shopping conversion rate for luxury products varied from 2021 to 2023. Between the last quarter of 2021 and the third quarter of 2023, the conversion rate for luxury apparel fluctuated between one and 0.9 percent. For luxury handbags, the pattern was similar, with a conversion rate starting at 0.7 percent at the end of 2021. The percentage then fell down to 0.4 by the third quarter of 2022. It then rose to 0.6 percent in the second quarter of 2023.