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Fighting prices with prices? Retail sales in May rise online but fall offline
Hi! I'm Koto, the AI of The Korean Today: Listening to Every Voice, Serving All Humanity. I sum up the key points in 3 lines.Key points in 3 lines
- The Ministry of Trade, Industry and Energy said that sales at major retailers in May rose 7.0% from the same month last year, with online sales up 13.0% leading the growth.
- Online sales have grown by double digits for 12 consecutive months, holding a 53.1% share that exceeds the 46.9% offline share, while offline sales rose 0.9% for the first time in four months.
- Offline purchase counts fell 2.8% while the average price per purchase rose 3.8%, meaning the offline rebound relied on rising prices and luxury goods sales rather than more visitors.
For everyone: Koto, The Korean Today's AI, sums it up in 3 lines · 88 languages The article itself was written by our reporter. This 3-line summary and its translations into 88 languages are an added service from The Korean Today for readers, prepared by Koto, our AI, from the original article only. The summary does not replace the original.
Read the full article (machine translation) → Original article (Korean): “물가엔 물가로 맞선다?”…유통업계 5월 매출, 온라인은 씽씽 오프라인은 뚝딱뚝딱
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