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department stores in Korea featured
COVID-19 has struck the local retail market hard, resulting in the worst-ever business performance for all top three players. Department stores of Lotte, Shinsegae, and Hyundai are applying different countermeasures to overcome the global economic crisis. Shinsegae reported an operating loss of 43.1 billion won ($36.37 million) in the second quarter this year. This is...
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