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Outlook for Luxury: Conservative Buying
Despite pent up demand, shoppers will remain cautious.
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Tay Suan Chiang
Published Thu, May 14, 2020 · 09:50 PM
DINING OUT AND travelling aside, what do people miss most during a lockdown? Heading out to the stores to buy non-essential items, it seems.
A day after Hermes reopened its flagship store in Guangzhou last month, it recorded S$3.8 million in sales, said to be the highest for a single boutique in China.
Some have termed it "revenge shopping", or overindulging in retail therapy.
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