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S. Korea Department Store Sales Fall In July

8/7/2012 12:53 AM ET

South Korea's department store sales declined in July suggesting weak domestic demand, official data showed Tuesday.

Sales at leading department stores slipped 0.9 percent annually, following a 2 percent drop in June, the Ministry of Strategy and Finance reported.

At the same time, sales at the top three discount stores dropped 8.3 percent year-on-year, bigger than the 7.2 percent fall in the prior month.

by RTT Staff Writer

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