Nationwide retail event boosting S. Korea’s consumption
- 4 years ago
동행세일 첫주말 유통가 '활기'…"코로나 이후 매출증가율 최대"
There's a huge retail event going on now in South Korea the Donghaeng Sale meant to give a boost to economic consumption during the pandemic.
And based on sales over this first weekend, it's doing just that.
Data show Lotte Department Store saw revenues jump 21 percent on Friday and Saturday compared to the first two days of last year's summer sale.
Sales at Lotte's outlet stores were up 55 percent.
And now selling duty-free products at its outlets with no need for a plane ticket, Lotte said it's managed to move 60 percent of that inventory, far exceeding its target.
The Donghaeng Sale is nationwide, offering discounts on everything from fashion to groceries... until July 12th.
There's a huge retail event going on now in South Korea the Donghaeng Sale meant to give a boost to economic consumption during the pandemic.
And based on sales over this first weekend, it's doing just that.
Data show Lotte Department Store saw revenues jump 21 percent on Friday and Saturday compared to the first two days of last year's summer sale.
Sales at Lotte's outlet stores were up 55 percent.
And now selling duty-free products at its outlets with no need for a plane ticket, Lotte said it's managed to move 60 percent of that inventory, far exceeding its target.
The Donghaeng Sale is nationwide, offering discounts on everything from fashion to groceries... until July 12th.