S. Korea's retail sale grows on strong online shopping

Source: Xinhua| 2019-11-28 14:09:11|Editor: ZX
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SEOUL, Nov. 28 (Xinhua) -- South Korea's retail sale grew last month on the continued double-digit growth in online shopping, a government report showed Thursday.

Combined revenue of 26 major online and offline retailers rose 4.1 percent in October from a year earlier, according to the Ministry of Trade, Industry and Energy.

Sale by online retailers expanded 12.5 percent in the month, keeping a double-digit gain for three straight months amid a rapid change into the consumption pattern using smartphone apps.

Demand for food in the cyberspace grew in double figures after the spread of one-day food delivery services.

Revenue by offline retailers declined 1.1 percent as demand for clothing weakened amid the relatively warm weather last month compared with a year earlier.

Sale by department stores and discount outlets slumped 3.0 percent and 4.8 percent each last month, but revenue for convenient stores went up 5.4 percent on demand for cigarette and beverage.

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