mers

Retail Asia26/07/2016

South Korea’s major department store chains saw their sales move up 2.4 percent in the first quarter from a year earlier, government data showed Sunday, indicating a recovery may be under way in the retail sector. According to the data compiled by the Ministry of Trade, Industry and Energy, South Korea’s top three department store […]

Retail Asia24/06/2016

South Korea will hold a nationwide shopping festival involving major retailers, manufacturers and traditional markets in the fall to draw foreign travelers and jack up lackluster domestic consumption, the government said Tuesday. The Ministry of Trade, Industry and Energy and the Ministry of Culture, Sports and Tourism jointly formed a task force to create the […]

Retail Asia23/10/2015

South Korea is trying to stem a drop in retail spending by replicating an American shopping tradition — Black Friday. More than 34,000 stores, including three-quarters of the country’s department stores, slashed prices by as much as 80 percent in the Korean version of bargain-oriented Black Friday through Oct 14. The two-week campaign was launched […]

Retail Asia29/09/2015

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South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness, sources say. Since the first outbreak in late May, Middle East Respiratory […]

Retail Asia08/09/2015

South Korean retailers are breathing a sigh of relief as consumers return to stores in the wake of the MERS scare receding. South Korea retail sales rose 0.5 per cent in July to 30.14 trillion won (US$25.6 billion) after receding 0.6 per cent in June. Statistics Korea said sales rose month on month as well […]

Retail Asia21/08/2015

In a bid to revitalise the national tourist market and domestic economy, withering in the wake of the Middle East Respiratory Syndrome (MERS) outbreak, Korea will go on sale. Branded the ‘Korea Grand Sale’, the 10 week long promotion will run from August 14 to October 31. Officials say that the sale will be the largest […]

Retail Asia15/08/2015

Korean retail sales are returning to normal as the impact of the MERS outbreak fades. Data released by South Korea’s finance ministry shows combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 0.9 per cent in July, year on year. That contrasts with a drop of 11.9 per […]

Retail Asia12/08/2015

South Korea retail sales slipped in June – a predictable result of the outbreak of Middle East Respiratory Syndrome (Mers). As South Korea’s shunned larger retail outlets to reduce the risk of potential exposure to the illness, discretionary spending fell. Some spending on essential goods moved online. South Korea’s government agency Statistics Korea says retail […]

Retail Asia06/07/2015

The ripple effect of the Middle East respiratory syndrome (MERS) is spreading throughout Korea’s retail industry, including department stores, discount stores, restaurants, and cosmetic shops. Amid rising concerns about possible infection by the MERS virus, an increasing number of consumers are avoiding crowded places, dealing a blow against the sales of offline stores, including department […]

Retail Asia20/06/2015

South Koreans are more and more turning to on-line channels for grocery purchasing as they eschew their traditional visits to grocers amid the continued unfold of Center East Respiratory Syndrome (MERS), business knowledge exhibits. South Korea has reported 150 MERS infections because the first case was confirmed on Might 20, the most important outbreak outdoors […]

Tag: mers

Rising sales at department stores suggest recovery of retail sector

South Korea to Launch Nationwide Shopping Festival in Fall

Black Friday Campaign Provides Shopping Catalyst in South Korea

Korea set to woo back Chinese tourists

South Korea retail sales easing upwards

Korea on sale

Korean retail sales recover post MERS

Mers outbreak dents Korea retail sales

Retail Sales Hit Hard by MERS

MERS fears drive Koreans on-line