According to recent data, large discount stores and department stores logged improved sales in June from one year ago.
Data by the Knowledge Economy Ministry showed that department stores recorded 8.2 percent growth on-year in their revenues for June, while large discount stores posted 2.7 percent growth.
Sales of luxury goods and household items rose 16.7 percent and 13.5 percent, respectively, fueling the sales growth of department stores. Meanwhile, sales of fashion goods posted a mere 8.2 percent expansion.
At larges discount stores, sales of sports good added 5.5 percent, but sales from consumer electronics and the culture sector shrank, limiting the overall sales growth.
The analysis of consumer purchase patterns showed that one consumer spends 62.7 percent more at department stores on average than at large discount stores, with and average of 44,859 won in spending at discount stores and 72,962 won at department stores.
Industry professional news channel itsTV