Sales at the separated-and-sold Homeplus Express are rebounding after NS Shopping guaranteed payment for goods.
On the 15th, Homeplus Co. said in a release, "For Homeplus Express, sales from the 1st to the 11th, when deliveries resumed, rose 16% compared with before deliveries resumed." For fresh food, sales increased more than 30%.
Homeplus Co. added, "The rise in Express sales shows that the recent weak performance stemmed not from a decline in business competitiveness but from temporary disruptions in product supply during the rehabilitation process," and "If product supply returns to normal, the remaining business segments (including big-box stores) can also see sales recover quickly."
Homeplus Co. is asking Meritz Financial, its largest creditor, for funding through a loan to complete its restructuring and the sale of the remaining business segments.