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Learn moreJan 2021
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Luxury timepieces dropped into negative growth territory in 2020 as a result of COVID-19, although the impact was not as severe as duty-free shops. There was some negative factor during Q1.
Department stores remained the most important retail distribution channel for sales of such products in 2020. E-commerce and TV homeshopping players attempted to enter the luxury timepieces category, but these channels focus more on other personal luxury items such as small leather goods, eyewear and super premium beauty and personal care products.
Galleria launched a new YouTube channel – ‘Studio Galleria’ – in February 2020, exposing some of its ultimate luxury items. It had an ASMR clip, a Jaeger-LeCoultre’s Master Gyrotourbillion, and a watch worth USD1.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in South Korea with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Timepieces industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.