VIP Shoppers Shore up Tempered Growth at Department Stores

SEOUL, Jan. 5 (Korea Bizwire) – Sales by VIP customers were a rare source of growth last year for South Korean department stores that are losing shoppers to mobile and overseas channels, data showed Monday. Sales generated by customers who spend more than 20 million won (US$18,025) a year jumped 21 percent on-year in the [...]