Shinsegae Department Stores Report 14.4% Sales Growth in June, Up to 650.5 Billion Won

According to Shinsegae Department Store, total sales across its store network in June reached 650.5 billion Korean won, up 14.4% year-over-year, marking stronger growth in the second quarter compared to the first quarter's average of 13.5%. The retailer attributed the increase to rising foreign tourist visits and expanded consumer spending across luxury goods, fashion, watches, jewelry, and electronics, alongside gains from positive domestic stock market sentiment.
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