Retail sales in South Korea surged 4.4 percent in July from last year as online platforms enjoyed increased demand for groceries and home appliances.
The 26 major offline and online retailers posted combined sales of 11.46 trillion won last month, up from 10.98 trillion won from a year earlier.
According to the data compiled by the Ministry of Trade, Industry, and Energy, online platforms led the growth with revenues advancing 13.4 percent over the period.
Sales of foodstuffs online jumped 46 percent on-year as more people avoided supermarkets.
Consumers also bought more daily items and furniture online, with the segment advancing 26.3 percent.
However, sales of tour packages plunged 16.3 percent from online platforms with global air travel virtually being suspended.
Offline stores, which were being outsold by online shops even before the virus outbreak, continued to lose ground, with sales dropping a further 2.1 percent on-year in July.
Convenience stores were the bright spot among offline shops with their revenue edging up 3.7 percent due to rising demand for sanitary items.
Supermarkets suffered a 5.5 percent on-year drop on sales in July due to the rainy season and pandemic.
Sales of clothes and sports goods plummeted 21.2 percent and 24.4 percent.


RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 



