Rising sales at department stores suggest recovery of retail sector
Jul 24, 2016
South Korea's major department store chains saw their sales move up 2.4 percent in the first quarter from a year earlier, government data showed Sunday, indicating a recovery may be under way in the retail sector.According to the data compiled by the Ministry of Trade, Industry and Energy, South Korea's top three department store brands -- Lotte, Hyundai and Shinsegae -- saw their sales improve in the January-March period from a year earlier, recovering from the 1.2 percent on-year drop posted f