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S. Korea’s retail sales up 6.4pc in March

  • April 26, 2023

SEOUL – South Korea’s retail sales rose in single digits last month due to solid demand for clothing and sports items in springtime, government data showed Tuesday. Revenue among major online and offline retailers gained 6.4 percent in March from a year earlier, according to the Ministry of Trade, Industry and Energy. Sales by offline retailers increased 6.6 percent last month as the lifting of measures against the COVID-19 pandemic fueled outdoor activities in springtime. Offline demand for clothing and sports items grew in double figures, but the sales of home appliances and household items reduced in single digits last month. Sales among department stores and convenience stores advanced 9.5pc and 9.7pc each, while revenue of discount outlets added 1.2 percent on demand for clothing and sports items.

Revenue among online retailers expanded 6.1 percent in March from a year earlier on the back of robust demand for clothing and cosmetic products.

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