SEOUL, Jan. 24 (Korea Bizwire) — South Korean consumers are up in arms over luxury brands that are pushing up prices seemingly arbitrarily in recent days as a way to stimulate buying sentiment. French fashion company Chanel suddenly raised the price of some handbag items by up to 17 percent on Jan. 14. This price [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s fashion companies are jumping into making premium perfumes, driving head-on towards fierce competition. Handsome Corp., an affiliate of Hyundai Department Store Group, plans to open up a Liquides Perfume Bar in South Korea, an all-brand store for niche perfumes from France. The store plans to introduce some [...]
SEOUL, Dec. 14 (Korea Bizwire) — Fashion products have become the most sold items on television shopping channels this year. As the pandemic era drags on, consumers who once looked for homewear last year are now turning their eyes to outdoor clothes and other outdoor goods. Sorted by the number of orders made on each [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Koreans are buying wider range of luxury goods from handbags to watches, jewelry, scarves and perfumes. Market researcher Euromonitor reported 4.6 percent growth in South Korea’s luxury market from last year, reaching an aggregate total of US$14.2 billion. Aside from sales of luxury cosmetics, which have struggled during [...]
SEOUL, Nov. 23 (Korea Bizwire) — Shared beauty salons, a new concept in which a handful of hairdressers work as independent businesses at a single beauty salon, are enjoying rising popularity. Unlike existing beauty salons where the owner hires some hairdressers, a shared beauty salon refers to a shared service in which an owner operates [...]
SEOUL, Nov. 11 (Korea Bizwire) — So-called ‘revenge consumption’, a sudden rush of consumption in the pandemic era, is resulting in soaring prices of luxury goods as demand continue to rise. Celine raised its prices three times this year after raising the price of some 10 luxury bags by an average of 8 percent on [...]
SEOUL, Oct. 5 (Korea Bizwire) — Sales of high-priced items such as imported bags, jewelry and watches rose last year despite a drop in overall consumption brought on by the COVID-19 pandemic. According to the data that Rep. Suh Byung-soo of the People Power Party received from the National Tax Service and the Korea Customs [...]
SEOUL, Oct. 4 (Korea Bizwire) — With the rise of what is known as “the body positivity movement,” whose main purpose centers around addressing unrealistic body standards, unrealistically tall and skinny mannequins are being replaced by plus-size ones. SPAO, a specialty retailer of private label apparel (SPA) brand run by E-Land World, will introduce mannequins [...]
SEOUL, Sept. 13 (Korea Bizwire) – Virtual animals are appearing as models with the popularity of virtual humans and influencers rising as a new online trend. LF, the apparel affiliate of LG Group, introduced a virtual cat in its video advertisement for Athe. The ad introduces Athe as a brand that develops vegan cosmetics that [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s online fashion platforms for women’s clothing are working on a number of initiatives, including free and fast delivery, to gain a larger market share. Ably plans to offer free returns for designer and street brand items by the end of this month. If customers return designer or [...]