Retail in Asia

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S Korea Feb department store sales up 2.9pc y/y

Sales at South Korea’s top three department stores grew 2.9 percent in February year on year, the ministry of knowledge economy said on Monday.

The rise in combined sales at stores run by Hyundai Department Store, Lotte Shopping and Shinsegae fell short of making up for the 4.1 percent decline seen in January, when sales suffered the worst year on year performance since December 2008.

(Source: CNBC)