S. Korean consumers find solace in small luxuries

07/21/2013 | Korea Times (Seoul), The

The economic downturn has South Korea's retailers feeding consumers' cravings for small luxuries, such as fresh organic food and upscale men's accessories. Online retailer Aunction debuted an organic food section on its e-commerce site last year and Lotte Department Store reported a rise in sales of small luxury accessories, even as overall designer sales fell.

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Korea Times (Seoul), The

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