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SEOUL--As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
Seoul luxury demand soars as COVID cuts travel, duty-free buying Chanel store traffic down 30% since it began screening customers Bulk buyers seek $10,000
As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers... | March 17, 2022
Chanel has seen traffic to its boutiques in South Korea since it began screening for customers who might be stocking up to flip to others in the resale market.
Handbags at dawn: Chanel duels South Korean resellers in luxury boom