Korean luxury shopping platforms lose ground amid rising duty-free sales
newscatcher
2023-03-13 03:31
Korean luxury shopping platforms lose ground amid rising duty-free sales
'OOAh luxe,' an online platform [Photo captured from 11Street website]South Korean luxury fashion shopping platforms that enjoyed explosive growth during the pandemic are seeing a sharp decline in the number of users as more consumers make duty-free purchases on their overseas trips.According to the Korea Duty Free Shops Association on Sunday, 1.19 million Korean consumers made duty-free purchases in January this year, which is nearly double that of 600,000 in January last year. Sales from the consumers also jumped to 201 billion won from 84.

https://n.news.naver.com/mnews/article/009/0005100527?sid=104

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