×
74 293
Fashion Jobs
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
JCREW
Merchandise Planner
Permanent · New York
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Part Time
Permanent · Pleasanton
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Investigator, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Coronado Center - Part Time
Permanent · Albuquerque
MACY'S
Asset Protection Detective, Roosevelt - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Manager, Asset Protection
Permanent · Capitola
MACY'S
Manager, Merchandise Execution
Permanent · Boca Raton
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
ROSS
Store Protection Specialist
Permanent · McAllen
By
Reuters
Published
Aug 11, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

S.Korea July dept store sales rebound from MERS slump

By
Reuters
Published
Aug 11, 2015

Some of South Korea's private consumption indicators improved in July, a monthly government report showed on Tuesday, adding to hopes the economy will rebound from the second quarter slump caused by the MERS virus outbreak.

Skyline of Seoul, South Korea ©Sean Pavone/shutterstock.com - ©Sean Pavone/shutterstock.com



Combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 0.9 percent in July from a year earlier, the finance ministry said in a statement.

This was compared to a 11.9 percent drop seen in June, which was mainly due to an outbreak of Middle East Respiratory Syndrome (MERS), which hit private consumption and tourism hard.

Sales at major discount store chains also showed improvement although they fell for a second month in July, down 1.9 percent, the same data showed. This was still a much slower fall than June, when sales slumped 10.2 percent.

The finance ministry statement said consumption was showing signs of recovery from the outbreak but improvement in the service industry was still "insufficient".

It pointed to the Federal Reserve's pending rate hike and turbulence in Chinese stock markets as offshore risks.

Policymakers have been optimistic that four rate cuts since last year and a supplementary budget passed in July would boost third quarter growth, but it only managed to rise 0.3 percent in sequential terms.

Revised retail sales data will be published by the trade ministry later in the month. (Reporting by Christine Kim; Editing by Eric Meijer)
 

© Thomson Reuters 2023 All rights reserved.