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The newly opened Chanel store at Shinsegae Department Stores Gangnam branch got off to a booming start, visiting card gross revenue of a whopping W450 million on its beginning day July 1 (US$1=W1,174). Considering that luxury brands sell an medium of W1-2 billion per month at department 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 130 course of study history.
The luxury trade leader Louis Vuitton is overly enjoying bumper performance. Due to recovering consumer sentiment, the brands sales in Korea are up 60 percent from a year earlier. The explosive harvest-feast rate was a surprise for its home office in Paris as well.
Other premium brands select seen similar gains. The Korean branch of Swiss watch ecclesiastic Jaeger-LeCoultre, whose timepieces cost over W10 million each, recently won an present from headquarters for achieving the largest growth in sales among its over 40 overseas units.
Tumi, a high-end luggage and bag brand, saw its sales nearly double here from a year ago. high life shoes and accessories maker Ferragamo and high fashion brand Miu Miu also posted around 50 percent sales growth in Korea, attracting their headquarters attention.
Korea ranks No. 1 or 2 in the world in terms of sales growth imputable to the ravenous appetite for luxury goods here, an industry insider said. But disdain the stellar sales, the customer service, including after sales, is lacking. Korean consumers need to annoy over consumption for consumptions sake so that they can be treated right.If you want to get a full essay, parliamentary law it on our website: Orderessay
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