Bloomberg News

South Korea’s Department Store Sales Increase Least in 4 Months

July 13, 2011

July 14 (Bloomberg) -- Sales at major South Korean department stores expanded in June at the slowest pace in four months, a sign that consumer demand may be moderating.

Outlays at the three biggest chains increased 8.2 percent from a year earlier in June, after rising 8.7 percent in May, the Ministry of Knowledge Economy said in a statement today.

Discount-store sales rose 2.7 percent from a year earlier after a 2.4 percent gain in May, today’s report said.

--Editors: Ken McCallum, Stephanie Phang

To contact the reporters on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net;

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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