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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 [...]

Luxury Product Sales Surge Despite Economic Slump

Luxury Product Sales Surge Despite Economic Slump

SEOUL, April 8 (Korea Bizwire) — Despite an economic slowdown, sales of luxury products in South Korea soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands, data showed Wednesday. Lotte Department Store saw sales of luxury products jump 15.7 percent on-year in the January-March period, with sales of [...]