Chinese tourists’ Spring Festival drove sales of Korean merchants, sales increased by 3 digits

China News Service February 11th According to the Yonhap News Agency reported on the 11th, in China’s largest festival & mdash; & mdash; during the Spring Festival, South Korea’s major department stores benefited from the influx of Chinese tourists, sales have achieved three figures increase.

Lotte Department Store said on the 11th that from January 31 to February 9 during the Spring Festival, from the perspective of UnionPay card transactions, sales to Chinese people increased by 125% year-on-year, achieving three consecutive years. Number growth. Lotte Department Store said that sales to Chinese tourists during the Spring Festival accounted for 80% of foreign sales and 25% of total store sales.

From January 31st to February 6th, the sales of Hyundai Department Store from UnionPay cards increased by 165% year-on-year, especially for customers aged 20-30. According to the modern department store, due to the influence of the Korean boom, the sales of costumes worn by actresses in TV dramas and movies are gratifying. Since the implementation of the new “Tourism Law” in China, the number of individual passengers has increased, and the young Chinese who visited the Jiangnan area have shown an increasing trend.

New World Department Store’s sales to Chinese from February 1st to 6th increased by 173.8% year-on-year. The number of visitors has also increased. The number of Chinese people in the head office of the New World Department Store in Myeongdong is 2.5-3 times higher than usual, and there are more than 2,300 weekend visitors with the Spring Festival holiday. Brand-name sales for Chinese have doubled compared to last year, and sales of gemstones and watches have also increased 2.5 times over last year. Per capita sales range from 30 million won (about 169,558 yuan) to 100 million won.

On the other hand, the major duty-free shops also ushered in the sales season due to the “increasing demand in China”. During the Spring Festival (January 31 to February 6), the sales of Lotte Duty Free Shop to Chinese tourists increased by about 70% compared to last year. Sales of the Silla Duty Free Shop for Chinese tourists increased by 80% year-on-year.

Responsible Editor: Zhang Xiaofang

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