Department Store Sales Jump Thanks to Chinese Tourists

      May 06, 2015 12:12

      Sales at department stores here rose more than 50 percent on-year during the Labor Day weekend thanks to a rise in the number of Chinese tourists.

      Lotte Department Store said Monday that sales based on Chinese credit card settlements in its main store in downtown Seoul from Friday to Sunday rose 57.5 percent compared to the same period last year.

      Shinsegae Department Store also saw sales generated by Chinese tourists jump 58.4 percent over the same period. Sales of high-end women's apparel more than tripled.

      A department store staffer said sales growth due to Chinese tourists has slowed to the double digits this year, from triple digits in previous years, but that is merely because growth potential is not endless, and sales are still strong.

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