Department store stocks are now worth buying and waiting: October existing-store growth was around 1%, November is expected around 2% YoY, and valuations of the three department stores are near all-time lows (Lotte Shopping 6.4x, Hyundai Department Store 4.7x, Shinsegae 4.6x 12MF PER), limiting further downside.

A prediction by 하나증권 유통/화장품 박종대. Statements are as reported by the cited publishers — not verified by DecisionGateway.

10월 백화점 기존점 성장률 1% 내외, 전년도 베이스가 다소 낮아지는 11월도 YoY 2% 내외 예상