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Retail MarketBeat Report

Hena Park • 22/08/2024

Despite the slowdown in the growth of the luxury market, which thrived during the pandemic, Cheongdam is seeing significant activity with a rush of new flagship stores. Cheongdam, traditionally dominated by fashion brands, is seeing multiple new entrants in jewelry and watches. This shift indicates a broader trend in the luxury market, expanding from a focus on fashion to include high-end jewelry and watches.

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