Sales at department stores in Korea grew at a record rate in the second quarter of the year amid the coronavirus pandemic, data showed Tuesday.
Department stores are emerging as a new Covid-19 vector after workers in major department stores in Seoul tested positive in recent days.
Banners announced the annual spring sale line at Lotte Department Store headquarters in Jung District, central Seoul, on Monday.
Level 3 has not been announced, but retailers are getting ahead of the curve and preparing for the worst.
For the lucky few, shopping is all about private suites, cocktail parties overlooking the Han and private shoppers at your beck and call. You only have to be young, and rich.
Shinsegae went into the red in the second quarter, largely due to the body blow dealt by its duty-free business by the Covid-19 pandemic.
Despite a range of promotions to try and drum up business, Lotte Shopping reported a significant net loss in the second quarter with sales decreasing as consumer sentiment took a hit due to the coronavirus pandemic.
Retailers are offering novel events at their branches to attract summer vacationers with nowhere else to go due to concerns over the coronavirus.
Sales tied to a government-led promotion over the two weeks have been large, announced the Ministry of SMEs and Startups on Wednesday.