Sales rebound at department stores, fall in discount chains
Aug 7, 2014
Sales at local department stores rebounded in July, but discount chain sales continued to drop, preliminary government data showed Thursday.According to the data by the Finance Ministry, department store sales rose 4.2 percent on-year in July, bouncing back from a 4.6 percent fall a month earlier. Sales at discount chains, however, fell 4.5 percent in July, the second straight month of declines following a 5.9 percent drop in June.The report also showed that sales of domestically produced passen