S. Korea's duty free shops post stronger revenue in Oct. y/y thanks to Chinese retailers
- 5 years ago
South Korea's duty free shops posted bumper sales last month,... despite China's continued curb on group tours to South Korea following Seoul's deployment of a U.S. anti-missile system.
Data compiled by the Korea Duty Free Shops Association show the stores' total revenue nationwide stood at over one-point-four billion U.S. dollars in October,... a whopping 28-point-six percent increase on-year.
Market watchers say a continued buying spree by individual Chinese retailers offset losses incurred from Beijing's ban on group tours.
Data compiled by the Korea Duty Free Shops Association show the stores' total revenue nationwide stood at over one-point-four billion U.S. dollars in October,... a whopping 28-point-six percent increase on-year.
Market watchers say a continued buying spree by individual Chinese retailers offset losses incurred from Beijing's ban on group tours.