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Fighting prices with prices? Retail sales in May rise online but fall offline
AI 3-line summary
- 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.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): “물가엔 물가로 맞선다?”…유통업계 5월 매출, 온라인은 씽씽 오프라인은 뚝딱뚝딱
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