VIP shoppers prop up weak growth at department stores in Korea
VIP shops in Korea
Seoul - Yonhap
Sales by VIP customers were a rare source of growth last year for South Korean department stores that are losing shoppers to mobile and overseas channels, data showed Monday.
Sales generated by customers who spend more than 20 million won (US$18,025) a year jumped 21 percent on-year in the January-November period, according to the data from Galleria, a high-end Gangnam department store that sells mostly luxury brands.
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