It's with utmost sadness that I report that one of our favorite online retailers,, is planning on closing its retail operation over the next six months. While many shops are closing due to the recession, it is said that eLuxury's closure isn't due to its financial performance. Rather, it's because many of the brands it carries have their own online presence.

But it's not all tears over at the LVMH Moët Hennessy Louis Vuitton-owned company. “Starting in mid 2009, eLuxury’s new mission will be to create an ‘e-window’ into the world of luxury, by serving as an information reference for luxury in fashion, art de vivre, leather goods, wines and spirits, watches and jewelry, gastronomy, cars, yachts, and services,” said a spokeswoman. We will miss shopping from the high-end retailer, but look forward to what sounds like an exciting online magazine.