The luxury goods industry is in 'super emergency'

 

Summary

 

1. Luxury brands such as Burberry, Yves Saint Laurent, and Gucci have reduced their domestic prices due to a decline in sales (for the first time since COVID-19).

 

2. Since the economy is tough, people are not buying luxury goods and are instead opting for affordable trips to Japan.

 

3. Department store luxury brand stores record actual negative growth

 

 

A luxury bag worth 4 million won costs only 80,000 won to produce, rather than being a matter of 경기 (Gyeonggi Province).

 

They are mass-producing in China.

 

Maybe it's because of the news. Haha.

 

A fashion brand's profit is just from a single logo, even though the cost is very low.

 

The humor is in how it skyrockets by hundreds or thousands just because it got embedded.

 

It's better to buy jewelry like gold and gemstones.

 

I think it might be more reasonable.