Many sites out there are feeling the economy crunch. One of those majorly hit — eluxury.

The news: e-commerce site eluxury (which launched in June 2000 by LVMH Moët Hennessy Louis Vuitton) will close the retail portion of the site over the next six months.

A spokeswoman at LVMH has confirmed that the San Francisco-based e-tailer is in the early stages of transitioning the site into an online magazine focusing on luxury markets.

I don’t know about you guys, but eluxury was always the number 1 site that I went to first when online shopping… but for fashion news? I don’t think so..