S Korea's department store sales jump in April

14:04, May 19, 2011      

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Sales at South Korea's major department stores jumped in April due to solid demand for luxury goods, a government report showed Thursday.

Total sales at the country's three leading department stores, including Lotte, Shinsegae and Hyundai, climbed 15.1 percent in April from a year earlier after posting a 13.1 percent on-year expansion the previous month, the Ministry of Knowledge Economy said in a report.

The April's double-digit growth was mainly attributable to brisk sales of luxury goods, the report showed. Demand for luxury goods soared 43.2 percent last month from a year earlier, posting its double-digit growth for 7 straight months.

Sales of household goods jumped 24.2 percent in April from a year before, with grocery sales gaining 12.3 percent. Demand for sporting goods picked up 19.9 percent on-year in April due to growing outdoor activities caused by warmer weather, according to the report.

Sales at the three major discount outlets, such as E-Mart, Lotte Mart and Homeplus, rose 4.6 percent in April from a year earlier, the report showed.

Grocery sales, accounting for 54.6 percent of total sales, grew 5.7 percent on-year in April owing to solid demand for processed and instant foods.

Sales of sports-related products expanded 9.4 percent last month, with demand for clothing and miscellaneous goods rising 5 percent and 4.1 percent respectively, according to the report.

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