The Korea Herald

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[Photo News] Luxury goods sales surge

By Shin Ji-hye

Published : Aug. 30, 2020 - 15:56

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Shoppers look at luxury goods at Lotte Department Store in Jamsil, Seoul, in July. Department store sales of luxury brands jumped more than 30 percent last month, although overall sales declined due to the pandemic and the rainy season, government data showed Sunday. Analysts say people spent more of their savings on luxury goods because they were not allowed to travel abroad during the holiday season. (Photo: Yonhap)