Shortcut to Body Shortcut to main menu

Invest Korea

Search

Investment News

  • Home
  • Information Center
  • Newsroom
  • Investment News
S. Korea's retail sales up 14 pct in Feb. on solid online, offline sales
Date
2018.03.29
Views
643


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.

sam@yna.co.kr


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.


Source Text


Source: Yonhap News (Mar. 29, 2018)

Meta information