Department Stores Emerge from Coronavirus Slump

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Lotte’s sales rose 11 percent on-year on Oct. 16-18, with sales of imported high-end items jumping 39 percent, way of life items 57 percent, and guys’s clothes and sporting products 13 percent. Sales of luxury products, which have kept rising despite the coronavirus epidemic, jumped by 40 percent and lifestyle products by 53.4 percent as an outcome of lockdown.

Over the same period Hyundai Department Shop’s sales increased 13.8 percent on-year, also led by imported luxury items, which leapt 35.1 percent, followed by way of life goods at 25.1 percent and sportswear at 20.1 percent.

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