Home / Knowledge / News / Apparel/Garments / Cold weather boosts apparel retail sales in South Korea
Cold weather boosts apparel retail sales in South Korea
29
Dec '12
Cold weather, which led to an increase in demand for winter clothing, sparked a hike in retail sales for apparels at leading discount chains and department stores in South Korea during last month, according to a Government report.
 
The demand for winter apparels grew at a year-on-year rate of 7.9 percent during November, while the demand for sports-linked items grew at a rate of 5.1 percent, and that for miscellaneous items by 2.3 percent, the Ministry of Knowledge Economy report stated.
 
Demand for imported luxury items and youth sporting items surged by 10 percent year-on-year and 17.2 percent year-on-year, respectively.
 
Sales figures for women’s casuals and men’s apparels soared by 11.1 percent year-on-year and 4.5 percent y-o-y, respectively during the month, while sales of women’s suits surged by 5.7 percent y-o-y.
 
The improvement in sales was mainly on account of increased demand for winter items like clothing and sports items, stirred by cold weather during November, with average temperature in Seoul keeping at 5.5 degrees Celsius, compared to average temperature of 10.7 degree recorded in November 2011, the report noted.
 
The increase in sales of winter apparels has led to a reduction in year-on-year contraction in overall sales of three of South Korea’s major discount outlets - Lotte Mart, Homeplus and E-Mart. The contraction reduced to 1.7 percent during November from 6.6 percent in October 2012.
 
Similarly, the joint sales of three leading departmental outlets – Lotte, Hyundai and Shinsegae – increased 9.1 percent during November. According to the Ministry, it is for the first time that sales have rebounded over the past six months.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search