Luxury Watch Sales Soar Following COVID-19 Pandemic

SEOUL, Aug. 5 (Korea Bizwire) — So-called ‘revenge spending’ following the coronavirus outbreak has been a boon to sellers of luxury watches. Lotte Department Store reported a 46 percent increase in luxury watch sales early this year, more than doubling from last year’s sales increase rate (18 percent). Hyundai Department Store reported a 40.3 percent [...]