Shortcut to Body Shortcut to main menu

Investment News

Retail Sales up 6.3 % in April from Solid Online Sales
Date
2018.05.30


According to Yonhap News,

(SEJONG=Yonhap News) Retail sales in South Korea jumped 6.3 percent in April compared with a year ago on the back of upbeat sales at online stores, government data showed Wednesday.

Sales of 13 major online stores and marketplaces soared 15.9 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 inched up 1 percent over the period due to upbeat sales at convenience stores, the ministry said.

Among offline retailers, big discount retail outlets suffered a 4.5 percent on-year decline, while sales at convenience stores logged a 10 percent on-year rise.

Sales at online malls soared 25 percent on-year in April 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 (May 30, 2018)

Related News

    Meta information

    Services

    Invest Korea provides services support your investment journey.

    Find Nearby Invest Korea Offices

    Discover nearby offices for conventient access in your area

    Go to Overseas Office Site