Luxury Brands Korea

Koreans Hunger for Luxuries Wows Foreign Brands [pic] The newly opened Chanel store at Shinsegae Department Stores Gangnam branch got off to a booming start, visit card gross revenue of a whopping W450 jillion on its beginning day July 1 (US$1=W1,174). Considering that high life brands sell an medium of W1-2 billion per month at incision stores, Chanel achieved the equivalent of 10 days of sales in a single day. Chanel home plate in France was surprised by the brisk performance, which ranks among the best inception days in the companys one hundred thirty course of study history. The luxury trade leader Louis Vuitton is also enjoying bumper performance. Due to rec all overing consumer sentiment, the brands sales in Korea are up 60 percent from a year earlier. The explosive harvest-feast rank was a surprise for its home office in capital of France as well. Other premium brands select seen similar gains. The Korean branch of Swiss watch ecclesiastic Jaeger-L eCoultre, whose timepieces cost over W10 million each, recently won an present from headquarters for achieving the largest ontogenesis in sales among its over 40 overseas units. Tumi, a high-end luggage and bag brand, saw its sales nearly treble here from a year ago. high life position and accessories maker Ferragamo and high fashion brand Miu Miu also stick on around 50 percent sales growth in Korea, attracting their headquarters attention. Korea ranks No. 1 or 2 in the populace in terms of sales growth imputable to the rapacious appetite for luxury goods here, an industry insider said. But disdain the major sales, the customer service, including after sales, is lacking. Korean consumers need to annoy over consumption for consumptions sake so that they can be do by right.If you want to get a full essay, parliamentary equity it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper