24S is a global, online luxury retail platform that was launched in 2018 by the Paris-based luxury goods conglomerate, LVMH Moët Hennessy Louis Vuitton. The website focuses on offering a meticulously curated selection of high-end fashion, beauty, and lifestyle choices from over 200 luxurious brands like Dior and Louis Vuitton. As part of LVMH group, 24S is not individually listed on the stock market, but LVMHs stock is traded on the Euronext Paris exchange with the symbol MC. As of its public launch, 24S primarily serves customers in over 100 countries and operates in both English and French. Detailed information about LVMH, the parent company of 24S, can be found on its Wikipedia and Bloomberg profiles.
Several luxury online retailers compete directly with 24S due it to its unique business model. These include Farfetch, an online marketplace for independent boutiques, which was founded in 2007 and listed on the NYSE under the symbol FTCH in September 2018. Another key competitor of 24S is Net-A-Porter, a London-based online luxury fashion retailer that was founded in 2000. More about these competitors can be researched on their respective Wikipedia (Farfetch, Net-A-Porter) and Bloomberg (Farfetch, Net-A-Porter) pages.
Web-scraped data from 24S website is crucial for a number of use cases. For instance, it can be used to monitor and compare product pricing and discounts to gain competitive intelligence. This data can offer key insights into the current demand, availability, and pricing strategies of luxurious brands. Additionally, this information can be used for trend analysis, informing businesses of the latest fashion and beauty trends dominating the luxury market. Real-time data from the 24S website can also assist customers in making informed purchasing decisions, such as identifying when their preferred items are likely to be on sale or restocked.