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Demand for winter clothes push South Korean retail sales
31
Oct '13
The clothing retail sales soared in South Korea last month due to an increase in demand for winter clothes, according to a report from the Ministry of Trade, Industry and Energy (MOTIE), Xinhuanet.com reported.
 
At major discount chains, clothing sales jumped 33.5 percent in September 2013, compared to a month earlier, according to the government report.
 
At department stores, the demand for men’s apparel shot up by 78 percent month-on-month in September, while the demand for women’s casuals grew by 40.6 percent month-on-month.
 
The three major discount outlets in South Korea—E-mart, Lotte Mart and Homeplus—together saw their sales expanding 7.6 percent month-on-month in September.
 
In comparison, the combined sales at three department stores—Lotte, Shinsegae and Hyundai—rose by 30.5 percent month-on-month.
 
However, sales at major convenient stores declined by 2.9 percent month-on-month in September. Sales dropped by 4.8 percent month-on-month at supermarkets and supermarket chains operated by big corporations, the report said.
 

Fibre2fashion News Desk - India

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