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Big Spenders at Department Stores on Rise

Big Spenders at Department Stores on Rise

SEOUL, Dec. 14 (Korea Bizwire) – Customers who spend big at the country’s major department stores jumped this year, industry data showed Wednesday, despite a prolonged economic slump here.  The number of wealthy customers at the four stores — Lotte Department Store, Hyundai Department Store, Shinsegae Department Store, and Galleria Department Store — jumped by [...]

Autumn the New Hot Season for Weddings

Autumn the New Hot Season for Weddings

BUSAN, Oct. 14 (Korea Bizwire) – May is no longer the most favorable month for weddings Korea, recent data shows. Instead, fall has become the most popular season for those tying the knot. Based on Lotte Department Store’s “Wedding Members” data, October saw the highest percentage of weddings at 19 percent in 2015, followed by [...]

Luxury Watch Sales Soar Despite Economic Slowdown

Luxury Watch Sales Soar Despite Economic Slowdown

SEOUL, Dec.7 (Korea Bizwire) – Even through this period of slow economic growth, sales of high-end watches continue to be strong. According to Shinsegae Department Store, sales of luxury watches worth millions have increased over the past two years. In the 23-month period from January 2014 to November 2015, sales of high-end watches increased by [...]

Classic to Electric: Luxury Bike Shop Opens at Shinsegae Department Store

Classic to Electric: Luxury Bike Shop Opens at Shinsegae Department Store

  SEOUL, Jan. 21 (Korea Bizwire) – Shinsegae Department Store has opened a bicycle shop at its main store in Chungmuro, being the first department store in Korea that is home to a bicycle shop. The shop features classic models from Pedersen Bicycles, often called ‘the Bentley of Bicycles,’ multi-purposed ‘Cargo and Cruiser’ bikes from Johnny Loco, and [...]