Hot eateries snub big retailers seeking prestige 2012/06/17, Source,
Department stores feeling the pinch of the economic downturn are in heated competition to persuade popular restaurants to open branches in their stores. But it's a hard task. Retailers say nine out of ten of the restaurants they approach turn up their noses, thinking they will lose the cachet of exclusivity if their branches are patronized by the hoi polloi or even relatively upper-class department store shoppers. The reason the department stores care is they've discovered that shoppers who have a meal in their stores tend to buy more than people who don't,...More
Newlyweds favor small appliances 2012/03/03, Source, Big TVs are still okay, but for the rest of the house, little is beautiful
Inflation, economic uncertainties and the sluggish housing market in Korea have triggered a new trend in honsu, or the appliances newlyweds buy for their new homes.
Market watchers say Korean couples are spending on big 3D televisions and refrigerators with kimchi-preserving capabilities.
But they are cutting back on large washing machines and ovens, as more and more Korean families have two spouses that work and are putting off having children,...More
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