S Korea's discount store sales decline 2.8% y/y in November.

By bne IntelliNews December 21, 2009
According to the Korea Herald , recent figures of the Ministry of Knowledge Economy show that the total sales at S Korea's three leading discount outlets declined by 2.8% y/y in November after increasing by 4.5% y/y in October. The decline in sales is being attributed to a decline in visits to public places by consumers owing to concerns regarding Influenza-A. The sales at department stores increased by 6.4% y/y, down from 11.4% y/y in the previous month.

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