Lunar New Year sales boost South Korean retailers

02/16/2010 | JoongAng Daily (South Korea)

Lotte Department Store, Hyundai Department Store and other South Korean retailers reported increases in sales related to the Lunar New Year. "This year, mid- and high-priced gift items were the most popular but low-priced products still had an increase in sales," according to an official from a large discount store. Industry sources say it could indicate a recovery in consumer spending.

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JoongAng Daily (South Korea)

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