Retail & Consumer Goods Archives | Be Korea-savvy

Archive by category Retail & Consumer Goods

Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

SEOUL, July 10 (Korea Bizwire) — South Korea’s food makers are estimated to have recorded sharply higher operating profits in the second quarter as the new coronavirus outbreak boosted demand for ready-to-eat meals, a poll showed Friday. The combined operating profit by CJ Cheiljedang Corp., Nongshim Co., Orion Corp., Ottogi Co. and Samyang Foods Co. [...]

Sales of Weight Training Equipment Soar as S. Korean Women Embrace Body Positivity

Sales of Weight Training Equipment Soar as S. Korean Women Embrace Body Positivity

SEOUL, July 10 (Korea Bizwire) — An increasing number of South Korea women are bulking up to stay healthy rather than striving to have a slim shape. Gmarket, an online shopping mall run by eBay Korea, announced on Thursday that sales of muscle-building equipment purchased by female customers in the one-month period starting on June [...]

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

SEOUL, July 9 (Korea Bizwire) — South Korea’s major cosmetics makers are forecast to have seen their operating profits fall nearly 20 percent in the second quarter from a year ago as sales at duty-free shops faltered amid the coronavirus pandemic, a poll showed Thursday. The combined operating profits of Amorepacific, LG Household & Health [...]

Pet-related Consumption on the Rise, Led by Antibiotic-free Snacks

Pet-related Consumption on the Rise, Led by Antibiotic-free Snacks

SEOUL, July 8 (Korea Bizwire) — Market Kurly, a rapidly growing online grocery delivery platform, announced on Tuesday that its analysis of companion animal-related consumption for the first half of this year showed that sales of antibiotic-free snacks rose sharply. At Market Kurly, antibiotic-free jerky made of the tenderloin of home-grown duck meat topped the [...]

Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]

Coffee Lovers in South Korea Have a Crush on Coffee Pods’ Charm

Coffee Lovers in South Korea Have a Crush on Coffee Pods’ Charm

SEOUL, July 8 (Korea Bizwire) –Coffee pods are making up a growing percentage of an ever-growing coffee market in South Korea, with sales of products using pre-ground coffee sealed in a capsule more than doubling compared to sales of ground coffee in the first half of the year. According to Emart, South Korea’s largest discount [...]

Boycott Movement Against Japanese Products Hits Imported Beer Market Hard

Boycott Movement Against Japanese Products Hits Imported Beer Market Hard

SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]