SEOUL, July 24 Sales at South Korea's top
department and discount store chains both fell in June, revised
data from the trade ministry showed on Thursday, underscoring
depressed demand in Asia's fourth-largest economy.
Combined sales at department stores run by Hyundai
Department Store, Lotte Shopping and
Shinsegae Co fell 4.6 percent in June on an annual
basis, the Ministry of Trade, Industry and Energy said.
This was a steeper drop than a 3.4 percent fall estimated by
the finance ministry earlier this month, and the sharpest
decline since an 8.2 drop in January 2013.
The trade ministry said sales in all sectors fell, with the
decline led by apparel sales.
Sales at major discount-store chains in June also fell by
5.9 percent from a year earlier, compared with 5.8 percent
estimated earlier on fewer working days.
The revised data comes as the central bank showed private
consumption fell a seasonally adjusted 0.3 percent in the second
quarter, which was the worst fall since the third quarter of
(Reporting by Christine Kim)