Total sales in top discount chains increased 5.5% y/y in October.

By bne IntelliNews November 18, 2011
South Korea's top discount chains including E-Mart, Lotte Mart and Homeplus registered a gain of 5.5% y/y in total sales in October this year, as compared to the decline of 1.15% posted in September. As reported by Xinhua News Agency, the Ministry of Knowledge Economy attributed the gain to the demand for food products. The nation's food sales increased 7.5% y/y, while sales of sports items grew 8.7% y/y, those of daily household goods, clothing and home appliances increased 4.1% y/y, 3.2% y/y and 1% y/y during the period. The sales of miscellaneous products decreased 0.2% during the period.

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