South Korea September department store sales rebound from Aug

Published 10/28/2017, 10:07 PM
Updated 10/28/2017, 10:10 PM
© Reuters. A woman is silhouetted against a department store at Apgujeong luxury shopping district in Seoul

SEOUL (Reuters) - South Korea's department store sales in September rose at the fastest pace in 11 months, trade ministry data showed on Sunday, as demand rose ahead of the annual Chuseok holiday.

Combined sales last month at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co climbed 4.9 percent in September from a year earlier, reversing a 0.8 percent decline in August.

September's rise was the fastest since a 6.0 percent jump in October 2016.

Retail sales tend to rise as consumers ramp up purchases of gifts and food before the annual Chuseok holiday, which fell on the week of Oct. 2 to Oct. 8.

© Reuters. A woman is silhouetted against a department store at Apgujeong luxury shopping district in Seoul

A breakdown showed sales of nearly all product categories at department stores increased in September, across food and apparel.

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