Business · Companies · 1 day ago

Homeplus sales fall to about 30% of target as sale faces uncertainty

Homeplus sales fall to about 30% of target as sale faces uncertainty

Homeplus is a retailer undergoing corporate rehabilitation while it tries to find a buyer.

Its sales have continued to fall, according to the figures reported by the retail industry.

This month, sales are said to be about 30% of the company’s target.

In mid-September, they were around 40% of the target.

Chuseok, a major shopping period, and an October holiday did not bring the expected rebound.

The weak sales have raised concerns about the sale process.

Homeplus is still pursuing a sale, but no next steps are given.

Sources

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