Business · Companies · 1 hr ago

Shinsegae Duty Free sales rise during first regular sale

Shinsegae Duty Free sales rise during first regular sale

Shinsegae Duty Free held its first regular sale from September 17 to October 11.

The South Korean retailer said average daily online sales rose 20% compared with the preceding period.

Cosmetics and perfume led the growth, with their average daily sales up about 46%.

The number of customers making purchases increased 13% during the sale.

The online store offered more than 3,800 products from 277 brands at discounts of up to 70%, while its Myeongdong store offered discounts of up to 40% on about 290 products from 85 brands.

Sales of domestic cosmetics rose 16%, and fashion accessories sales increased 24%; the company said the sale focused on popular brands and products.

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Shinsegae Duty Free representativeCompany representative
Providing practical benefits focused on brands and products favored by customers through the first Shin Duty Sale led to sales growth.
via Yonhap