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Retailers Gauge Impact Of N. Korea's Leadership Change.
Byline: HYE-SEUNG SEO
Retailers Gauge Impact of N. Korea's Leadership Change
SEOUL
As the world struggles to analyze the implications of North Korea's change in leadership, observers also are concerned over what impact it might have on South Korea, a key market for global fashion brands.
In the long run, experts said, the uncertainly created by the death of North Korean leader Kim Jong-il could further dampen consumer sentiment and spending. Sales of the three major department store chains Lotte, Shinsegae and Hyundai dropped 1.1 percent in November from a year earlier, according to the Ministry of Strategy and Finance. It is their first loss in …
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