Young Journalists Club | Latest news of Iran and world

24 September 2018 - 01:31
News ID: 14854
Asia » Asia
Publish Date: 8:15 - 29 October 2017
TEHRAN, October 29 -South Korea’s department store sales in September rose at the fastest pace in 11 months, trade ministry data showed on Sunday, as demand rose ahead of the annual Chuseok holiday.

South Korea September department store sales rebound from AugTEHRAN, Young Journalists Club (YJC) -South Korea’s department store sales in September rose at the fastest pace in 11 months, trade ministry data showed on Sunday, as demand rose ahead of the annual Chuseok holiday.

Combined sales last month at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co climbed 4.9 percent in September from a year earlier, reversing a 0.8 percent decline in August.

September’s rise was the fastest since a 6.0 percent jump in October 2016.

Retail sales tend to rise as consumers ramp up purchases of gifts and food before the annual Chuseok holiday, which fell on the week of Oct. 2 to Oct. 8.

A breakdown showed sales of nearly all product categories at department stores increased in September, across food and apparel.

Source:Reuters

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