Sales of Luxury Goods on the Rise Despite Struggling Economy

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Despite the struggling local economy, reports show that sales of luxury items have increased.

According to the Lotte Department Store, sales of luxury items last month increased by 16.5 percent compared with the same period last year.

The sales revenue in the first half of the year also increased by 8 percent.

The department store analyzed that this was due to the young consumers in their 20s and 30s who value consumption for personal benefit.

Source: Busan eFM News


 

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