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Local department stores' sales grow in first 6 months of year

TAIPEI, Taiwan -- Sales of stores in Taipei 101, Shin Kong Mitsukoshi, SOGO and Far Eastern Department Stores all saw growth in the first half of 2014, and the businesses are confident about sales performance in the second half of the year.

According to Taipei 101 spokesperson Liu Chia-hao (劉家豪), store sales saw double-digit growth in the first half of the year.

Taipei 101 is rolling out promotions in advance of the upcoming Father's Day on Aug. 8. With a spending of NT$1.01 million between July 24 and 31, there is a chance to win a dinner for two on the 101st floor, which is not open to the public. A meal for two with the price tag of NT$5,200 will be free for those who have spent NT$200,000.

Shin Kong Mitsukoshi, the largest department chain stores in Taiwan, raked in NT$34.3 billion in the first six months of the year, which was an 8-percent growth year-on-year. Sales of food, leisure, luxury and home products were post popular and grew over 10 percent compared with a year ago. Shin Kong Mitsukoshi set the goal to rake in NT$77 billion for the whole year, which is a 3-percent growth.

Far Eastern Department Stores' revenues reached NT$2.878 billion in June, growing 5.06 percent from NT$2.74 billion last year. Thanks to the private sector's growing purchasing power, revenues topped NT$19.478 billion between January and June, growing at 6.17 percent.

SOGO Department Stores' revenues also grew 7 percent in the first half of 2014.

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