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SOUTH KOREAN SMALL STORE SALES FALL FOR 5TH MONTH IN JULY.

AsiaPulse News

| September 03, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Sept 3 Asia Pulse - Sales by small neighborhood grocery stores and shops fell for a fifth straight month in July as they lost customers to large discount outlets and convenience stores, a government report said Monday.

The National Statistical Office (NSO) said sales at stores with floor space of less than 165 square meters dropped 5.1 per cent year-on-year in the month, continuing a decline since March after a 7.6 rise in February.

In the same month, sales at large discount outlets rose 5.2 per cent on-year, while those for convenient stores and big supermarkets gained 12.1 per cent and 3.7 per cent respectively, the state agency said.

"The presence of more modern ...

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