---
title: "4분기 백화점 성장률 둔화 부담이 존재하며, 10월~11월 기존점 성장률은 YoY 1% 내외로 예상된다. — 하나증권 — DecisionGateway"
description: "prediction by 하나증권, recorded recently — verbatim quote and source citation."
canonical_url: "https://dgw.tmarket.io/claims/01a1ceb6-5937-7d40-922f-fcfef95ef16d"
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  "og:description": "prediction by 하나증권, recorded recently — verbatim quote and source citation."
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  "og:title": "4분기 백화점 성장률 둔화 부담이 존재하며, 10월~11월 기존점 성장률은 YoY 1% 내외로 예상된다. — 하나증권 — DecisionGateway"
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> Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt)

prediction

# **4분기 백화점 성장률 둔화 부담이 존재하며, 10월\~11월 기존점 성장률은 YoY 1% 내외로 예상된다.**

A prediction by [**하나증권**](https://dgw.tmarket.io/actors/01a1cea2-176c-7cf2-87ea-9ed64a8130ca). Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *백화점 성장률 둔화 부담 존재, 10월\~11월 기존점 성장률 YoY 1% 내외 예상*

hanaresearchPublished 2026-11-10 [ Read source](https://t.me/hanaresearch/20928)

[**하나증권 dossier **](https://dgw.tmarket.io/actors/01a1cea2-176c-7cf2-87ea-9ed64a8130ca)

## **Related claims**

[**백화점 기존점 growth is forecast at around 2% YoY for October–November, and a sharp discount-store sales decline (estimated -8% YoY) in October is unavoidable, with the discount-store business possibly swinging to an operating loss due to the 제타 스마트센터 project.**하나증권 유통/화장품 박종대 · prediction](https://dgw.tmarket.io/claims/01a1cea6-4b27-7b43-8baf-9b471294f27a) [**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.**하나증권 유통/화장품 박종대 · prediction](https://dgw.tmarket.io/claims/01a1ceb1-96e0-7079-9d20-7ea5cba7d6fb) [**3분기 연결 영업이익이 1,643억원(YoY 65%)으로 양호한 실적을 기록했고, 백화점 기존점 성장률(15.6%)이 이를 견인했다.**리포트 작성자 · statement](https://dgw.tmarket.io/claims/01a1d4aa-cf22-7526-98f1-2db7ec7ea4df) [**Consolidated operating profit is forecast to rise 12% YoY to about 2,561억원, driven by cost efficiency at 백화점/할인점 and improved results at 컬쳐웍스/홈쇼핑.**하나증권 유통/화장품 박종대 · prediction](https://dgw.tmarket.io/claims/01a1cea6-4b6a-77ec-9256-52a7782779ad) [**백화점 사업 성장률 둔화 및 외국인 매출 증가세 약화는 주가에 부담 요인이다.**리포트 작성자 · statement](https://dgw.tmarket.io/claims/01a1d4aa-cf48-76a9-8d87-eb286c3e79f8) [**국내 백화점 기존점 매출 grew 11% YoY and foreign customer sales rose 80% YoY, with the main store's foreign share at 29% (+10%p YoY).**하나증권 유통/화장품 박종대 · statement](https://dgw.tmarket.io/claims/01a1cea6-4a2d-7c58-8b7e-bff99c70e4de)

## **More claims by 하나증권**

[**The report reviewed trends and major economic indicators in the U.S. and Chinese stock markets and analyzed valuations and trends by global sector.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b231-7d52-805c-3f604b6a5af0) [**The U.S. should watch AI-related regulation and volatility in the semiconductor sector, while for China domestic demand stimulus and policy effects will be key to a sustained rebound.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b21a-7518-829b-60cdc773571a) [**This report is a weekly report covering global sector trends and indicators rather than a single earnings estimate for an individual company, and it does not provide annual aggregate earnings figures.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b20e-78ef-8998-71366dda0c35) [**An approach centered on core theme ETFs such as generative AI, semiconductors, quality and cybersecurity, and on major big tech stocks, remains valid.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b203-77a2-bb21-b5002bb38a65) [**Ahead of Nvidia's earnings release on 11/18, market attention is focused on Blackwell demand and next-generation GPU supply outlook.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b1f8-780c-a428-efe4735941fd)

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