Arab Today, arab today sales at south koreas major discount outlet chains drop
Last Updated : GMT 21:31:12
Arab Today, arab today
Arab Today, arab today

Sales at South Korea's major discount outlet chains drop

Arab Today, arab today

Arab Today, arab today Sales at South Korea's major discount outlet chains drop

South Korea's outlet chains
Seoul - QNA

Sales at South Korea's major discount outlet chains dropped in June from a year earlier, with sales of major department store chains also shrinking, the government said Thursday.
Combined sales at the country's three major discount store chains dropped 5.9% on-year last month, marking a turnaround from an on-year gain of 1.2% in the previous month, according to the Ministry of Trade, Industry and Energy.
"The overall sales decreased partly due to a cut in the number of working days last month, but also due to a drop in sales of seasonal goods prompted by abnormally low temperatures," the ministry said in a press release.
In June, the total number of purchases at the three discount outlet chains dropped 6.4% on-year while the average amount of each purchase inched up 0.2%.
The three discount outlet chains are Lotte Mart, E-Mart and Homeplus, according to (Yonhap) news agency.
Combined sales at the country's three major department store chains -- Hyundai, Shinsegae and Lotte -- slipped 4.6% on-year despite a 0.7% gain in the average amount of each purchase as the total number of purchases at the department stores dropped 5.2%.
Combined sales of what are commonly called super supermarkets, operated by large retailers, dropped 4.2% on-year.
Sales at convenience stores, on the other hand, gained 6.3% from a year earlier last month.

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