- Information Center
- Investment News
According to Yonhap News,
(SEJONG=Yonhap News) Retail sales in South Korea jumped 14 percent in February compared with a year ago on the back of upbeat sales at both online and brick-and-mortar stores, government data showed Thursday.
Sales of 13 major online stores and market places soared 12.1 percent on-year last month, the Ministry of Trade, Industry and Energy said, without disclosing their sales figures.
Sales of 13 offline-based retailers, including department stores, discount chains and convenience stores, also advanced 15.1 percent over the period due to upbeat sales of high-margin gift packages as the Lunar New Year fell in mid-February this year. The holiday season took place in late January in 2017.
Among offline retailers, big discount retail outlets and convenience stores posted 23.5 percent on-year growth and a 12.6 percent gain, respectively.
Sales at online malls soared 16.9 percent on-year in February as more people opted for online grocery shopping, aided by fast delivery service, the data showed.
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Mar. 29, 2018)