Who doesn’t love luxury goods? These goods are status symbols. Luxury goods are of high quality and give out a brilliant impression on the general public. And which place is better for buying luxury items than the city of Hong-Kong.
Hong-Kong is known to be one of the world’s top five luxury destinations. It acts as a magnet for all luxury brands to open their stores and franchises in the city. Not only does it attract a large number of tourists due to its beautiful and stunning tourism activities, but it also accounts for about 5% to 10% of the world’s luxury item revenue that is estimated to be $285 million in global sales. As one can tell, that is indefinitely a huge amount of contribution.
Take a look into 홍콩명품(Hong Kong luxury goods): The world of luxury goods in Hong-Kong.
What makes an item a luxury good?
The word luxury originates from the Latin word luxus, which means indulgence of senses, regardless of its price, which exactly explains what a luxury good is. If one looks at it from the economic point-of-view, a luxury item is one whose demand keeps increasing as the income of the public rises.
Since the development of a mass-market which happened in the 1800s, smaller departmental stores that sold “luxury” goods were later named to be the luxury brands.
What are luxury brands?
A luxury brand is simply a premium or prestige brand that sells the majority or almost all of its items as luxury goods. This term may also include those brands whose names are associated with luxury, high quality and quite obviously high price too.
In the market today, there are quite a few luxury brands that sell their products all around the world and have a reputation of belonging to the elite classes of society.
Some of the most common luxury brands that have opened their departmental stores on a global level are Louis Vuitton, Prada, Dolce and Gabbana, Gucci, Dior, Chanel, etc. These are the most recognizable luxury brands in the world and even have a significant logo.
Where do you buy luxury goods in Hong-Kong?
There are several departmental stores in Hong-Kong of every luxury brand from where one can buy their desired luxury goods.
These items often include purses, bags, wallets, shoes, watches, and sunglasses. They come in various shapes, sizes, and colors and are often recognized by the gold-colored chains that come along with them, especially in women’s purses. 홍콩명품 which means Hong-Kong luxury goods is the Chinese term used in Hong-Kong to indicate the availability of premium goods.
If one wants to buy a luxury or prestige accessory for themselves, then Hong-Kong is the place to go!