Sales Decline In South Korean Department Stores Or Seasonal Factors

Sales of top department stores and discount stores in South Korea fell for the first time in two months in August, mainly due to seasonal factors.

The Minister of Finance said that when domestic consumption grew, the fluctuation of China's stock market and

The possibility will pose a "significant risk" to the country's economy, because its domestic business and consumer confidence are sluggish.

South Korea's Ministry of industry and Commerce will announce the correction of retail sales in August later this month.

South Korea's Ministry of planning and Finance said in a statement that sales of modern department stores, Lotte shopping and department stores operated by the new world in August were 6.6% lower than the same period last year.

The decline was recorded at the highest level since June, and in July.

It was 0.7% higher than the same period last year.

Sales of major discount chains also declined for third consecutive months in August, to 8.4%, down from 1.8% in July, and the biggest drop since June this year.

The statement said that the poor data in August was mainly due to the Mid Autumn Festival in Korea last year in early September.

Mid Autumn Festival usually falls in 9-10 months, and consumers usually shop a lot before the festival.

However, this year's Mid Autumn Festival in Korea is at the end of 9.

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In the Millennium commercial city of Guangzhou, service has always been the pride of department stores and supermarkets.

However, in the face of the impact of the electricity supplier, vigorously strengthening services for members has become a compulsory course for department stores and supermarkets.

To this end, Guangdong Yong Wang launched a number of measures to grasp the "member economy", Guangdong wing Wan member APP8 shop on-line, members can not only see the latest promotional activities at any time, but also enjoy exclusive membership privileges.

The first registration of Guangdong Yong Wang APP can get 5 yuan coupons, attracting more than 17000 people to download.

Wang Jianheng, general manager of Guangdong Yong Wang Tianhe Commercial Co., Ltd., general manager of APP, said that through the purchase records of customers' membership cards, APP can understand the buying habits of customers, push about 60 promotional items for different customers, and achieve personalized and precise marketing. The company will also develop more application functions later.

Not only that, every sales promotion, there will be special sales personnel phone or SMS to inform members of what preferential activities, so that members can know in advance.

According to statistics, since the opening of the first store in 1996, Guangdong Yong Wang has accumulated 500 thousand members. The frequency of consumption of members is 1.5 times that of non members, and the contribution rate of membership consumption is 40%.

The shopping center "big guy" Wanda has also launched the online commercial service. It has been online for just one month. The number of new members of the electricity supplier is over 1 million 500 thousand, and the downloading of APP is 252 thousand.

Nearly 200 thousand people use Fei APP intelligent shop search, intelligent parking, intelligent movie, intelligent queuing and other functions. At the same time, Beijing Wanda Plaza, which has been integrated with the open platform of Tongzhou, has been online since July 31st, and the Wi-Fi traffic volume has reached 900 thousand.