SEOUL, Korea, Mar 13 (Korea Bizwire) – As consumers tighten their purse string due to the slow economy in Korea, department stores are also experiencing reduced revenues. However, it’s a different world in the basement floors of the mega stores. There is “refreshment fever” in the grocery sections of the department stores as several [...]
SEOUL, Korea, Mar 4 (Korea Bizwire) – Lee Sul-gi, housewife in her late 30s, recently bought a clothing item at a department store. Three days later, she went back to the same department store to buy something else and found out the item she had bought was sold at a 30 percent discount, which infuriated [...]
![[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores](http://koreabizwire.com/wp/wp-content/uploads/2014/02/2014021002708_1.jpg "[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores")
SEOUL, Korea, Feb. 12 (Korea Bizwire) – The spending power of the “youkes” (Chinese terms for tourists) was indeed impressive. During the Spring Festival (Chinese New Year) season between February 1 and 9, the number of Chinese visitors in department stores in Korea was almost three times more than the usual time, with the sales volume [...]