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Lotte, Shilla, Shinsegae hit by drastic sales fall despite Chinese tourists return

Lotte, Shilla and Shinsegae are experiencing a drastic fall in sales in their duty free store businesses, hit by the changing shopping patterns of Chinese tourists, according to data and analysts, Friday.

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Korea s 2023 Top 10 Beauty Market Trends | Cosmetics & Toiletries

Korea s 2023 Top 10 Beauty Market Trends | Cosmetics & Toiletries
cosmeticsandtoiletries.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cosmeticsandtoiletries.com Daily Mail and Mail on Sunday newspapers.

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Luxury Braces for the Return of the Daigou

Luxury Braces for the Return of the Daigou
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Duty free sales up nearly 37 per cent in February after China s reopening

South Korea’s duty-free sales rose nearly 37 per cent on-month in February as China resumed short-term entry for Korean travellers.

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Duty-free sales up nearly 37% on-month in February after China s reopening

Korea s duty-free sales rose nearly 37 percent on-month in February, industry data showed Monday, as China resumed short-term entry for Korean travelers.Combined sales at duty-free shops in Asia s fourth-largest economy came to 1.09 trillion won ($837.4 million) last month, up 36.7 percent from a month earlier, according to the Korea Duty Free Shops Association.Foreigners spending on duty-free goods surged by about 50 percent to over 894.6 billion won in February, compared with 596.4 billion won in January.

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