The future of shopping

What is the future of retail? High street shopping has lost much of the luster it had until the nineteen-seventies. It was the Grands Magazins at the turn of the twentieth century – Bon Marché, Samaritaine, Printemps – who made shopping a destination and a pastime. In the eighties, when branded stores started to take over, the high streets in Manchester and Birmingham, Vienna and Brussels started to look increasingly identical.

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Chinese shoppers in South Korea shunning luxury brands like Louis Vuitton in favour of local goods

Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper home-grown brands, as young, independent travellers make up a bigger share of tourists. Lured by the “Korean Wave” of culture exports, from soap operas and K-pop music to food and fashion, price-conscious younger Chinese visitors are seeking a more authentic and less expensive shopping experience.

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