Retail sales in South Korea rose 6.3% on-year in July on the back of strong performances of online platforms, though offline stores logged a sales decline amid unfavorable weather conditions, South Korea's Ministry of Trade, Industry and Energy said on Tuesday. The combined sales of 23 major offline and online retailers came to 14.8 trillion won ($11.13 billion) last month, compared with 13.9 trillion won a year earlier, Yonhap News Agency reported, citing the data compiled by the Ministry. Sales on online platforms advanced 16.9% to 7.57 trillion won as online shopping for daily necessities and services has become commonplace. However, offline retailers suffered a decline in sales due to unfavorable weather conditions and the fewer number of weekends in July this year compared with a year ago, according to the Ministry. Sales of offline retailers fell 3% to 7.18 trillion won. But convenience stores reported 2.9% sales growth, and those of smaller supermarkets inched up 1.4%. Source: Qatar News Agency
Related Posts
A citizen was killed in a shooting east of Nablus
On Tuesday, a citizen was killed after being exposed to gunfire in the town of Deir Al-Hatab, east of Nablus.
Police spokesman Colonel Louay Irziqat said in a brief statement that I reviewed: A 64-year-old resident of Askar al-Balad village, east of…
5 martyrs, including a Qassam leader, in an Israeli raid on Tulkarm
Five resistance fighters, including a leader in the Qassam Brigades, Haitham Balidi, were killed Saturday morning in an airstrike carried out by an Israeli drone on a vehicle on the road between Attil and Zeita, north of Tulkarem.
The director of Tha…
Prime Minister Sends Congratulations to President of Chile
HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani sent on Wednesday a cable of congratulations to HE President of the Republic of Chile Gabriel Boric on the anniversary of his country’s Independence …