SEOUL, March 25 (Korea Bizwire) — Retail sales in South Korea rose 10 percent in February from a year earlier on the back of the Lunar New Year’s holiday, with offline stores delivering better-than-expected performance as pandemic-weary people went outside. The combined sales of 26 major offline and online retailers reached 11.6 trillion won (US$10.2 [...]
SEOUL, Jan. 28 (Korea Bizwire) — Retail sales in South Korea rose 5.5 percent on-year in 2020 due to strong gains from the online segment in sync with the social distancing policy amid the unprecedented virus pandemic. The combined sales of local online shops shot up 18.4 percent in 2020 from the previous year, while [...]
SEOUL, Dec. 23 (Korea Bizwire) — Retail sales in South Korea moved up 6.3 percent in November from a year earlier on the back of the nationwide consumption-boosting events aimed at overcoming the economic jitters from the COVID-19 pandemic, data showed Wednesday. The combined sales of 26 major offline and online retailers reached 12.41 trillion [...]
SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.6 percent in August from a year earlier due to a sharp rise in online sales amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, [...]
SEOUL, March 30 (Korea Bizwire) — Retail sales in South Korea rose 9.1 percent in February from a year earlier as more people purchased daily necessities through online platforms amid the spread of the new coronavirus here, data showed Monday. The combined sales of 26 major offline and online retailers reached 10.6 trillion won (US$8.68 [...]
SEOUL, Feb. 27 (Korea Bizwire) — Retail sales in South Korea rose 6.6 percent in January from a year earlier mainly on demand for holiday gifts, data showed Thursday, along with the growing popularity of sanitation products amid the spread of the new coronavirus around the globe. The combined sales of 26 major offline and [...]
SEOUL, Feb. 12 (Korea Bizwire) — Sales of toys and functional foods are surging in South Korea as children stay home longer and people pay more attention to their health due to a prolonged new coronavirus scare, industry sources said Wednesday. Online shopping site Auction said its sales of toys for toddlers and children skyrocketed [...]
SEOUL, Jan. 29 (Korea Bizwire) — Retail sales in South Korea moved up 4.8 percent last year on the back of brisk sales at online malls, while revenue from offline stores lost ground, data showed Wednesday. The combined sales of 26 major offline and online retailers reached 132.9 trillion won (US$113 billion) last year, according [...]
SEOUL, Aug. 1 (Korea Bizwire) — Sweltering heat affecting South Korea is boosting sales of local retailers as people flock to air-conditioned malls to get relief, industry sources said Wednesday, with the mercury expected to rise further in the coming days. According to retail giant Lotte, 4.22 million people visited Lotte World Mall in eastern [...]