Shinsegae Department Store's September Sales Increase by 28.5% Compared to Previous Month
Chuseok Holiday and Social Distancing Easing
[Asia Economy Reporter Cha Min-young] Shinsegae, which operates Shinsegae Department Store, announced on the 12th that its separate basis sales in September amounted to approximately 137.2 billion KRW, a 3.86% decrease compared to the same period last year. This is a 28.5% increase compared to the previous month (106.8 billion KRW).
In the case of Daegu Shinsegae, sales for the month of September were 44.9 billion KRW, a 1.6% decrease compared to the previous year. This also represents a 16.0% increase compared to the previous month (38.7 billion KRW).
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A Shinsegae Department Store official explained, "Sales continue to show a steady recovery due to the easing of social distancing measures and strong sales of Chuseok holiday gift sets."
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