Luxury Goods Sales Rise in Busan Despite Pandemic

Sales of luxury goods at department stores in the first half in Busan have been on the rise despite the recession during the pandemic COVID-19 crisis.

According to Lotte Department Store in Busan, sales of luxury goods in the first half of this year increased by 14% compared to the same period last year, thanks to strong sales of expensive bags, watches, and jewelry.

With time spent at home increased, demand for household appliances such as massage chairs, coffee machines, and refrigerators have increased, and other related product sales increased by more than 10%.

Shinsegae Department Store Centum City also saw a 20% increase in foreign brand sales.

An official from the department store said, “The number of young people investing in themselves has increased, and there are many famous brand discount events, so the sales of luxury goods have continued to rise.”

blank
BeFM Newshttp://www.befm.or.kr
Listen to Busan's only English radio station at 90.5 FM. News reports at 10 am, 12 pm, 3 pm, 6 pm, 8 pm and 10 pm live.

Subscribe to our newsletter

Twice-weekly updates to your inbox

The Latest

Busan Promotes City Tourism on YouTube

The City of Busan and Busan Tourism Organization announced that they have released videos on the Visit Busan’s YouTube channel to promote the international tourist city of Busan to the world.

California Pizza Kitchen Opens in Daegu

California Pizza Kitchen has opened up its first location outside of the capital with a new location at Shinsegae Department Store in Daegu.
Busan
overcast clouds
22 ° C
22 °
22 °
43 %
2.6kmh
100 %
Tue
21 °
Wed
23 °
Thu
22 °
Fri
23 °
Sat
23 °

Dine & Drink

California Pizza Kitchen Opens in Daegu

California Pizza Kitchen has opened up its first location outside of the capital with a new location at Shinsegae Department Store in Daegu.

Travel