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Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]

PET Bottle Recycling Campaign Spreads, Spurring Trend of ESG Management

PET Bottle Recycling Campaign Spreads, Spurring Trend of ESG Management

SEOUL, Feb. 27 (Korea Bizwire) — The amount of single-use plastic waste is increasing at a remarkable pace as the outbreak of the coronavirus has led to exponential growth in food deliveries and online shopping. The more plastics are used, the more important it is to dispose of them separately. In particular, the separate disposal [...]

Convenience Stores Rise as New Sales Channel for Cosmetic Products

Convenience Stores Rise as New Sales Channel for Cosmetic Products

SEOUL, Feb. 23 (Korea Bizwire) — Convenience stores are becoming a popular channel for sales of cosmetics products. GS25, a convenience store chain run by GS Retail Co., reported an 18.2 percent increase in cosmetics sales last year compared to 2019. Sales growth surpassed records from 2018 (15.4 percent) and 2019 (16.9 percent), reflecting rising [...]

Tobacco Firms Downsize Sales Forces as Convenience Stores Emerge as Main Sales Channel

Tobacco Firms Downsize Sales Forces as Convenience Stores Emerge as Main Sales Channel

SEOUL, Feb. 23 (Korea Bizwire) — With social distancing becoming a new norm due to the prolonged COVID-19 pandemic, convenience stores are emerging as new centers of everyday life, leaving an impact on the retail landscape. Against this backdrop, some tobacco companies are cutting their sales staff. Philip Morris Korea Inc. recently downsized the sales [...]

S. Korea’s Online Food Market Grows Explosively in 2020 amid Pandemic

S. Korea’s Online Food Market Grows Explosively in 2020 amid Pandemic

SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4 percent from a [...]

Convenience Stores Outperform Pandemic-hit Department Stores in 2020

Convenience Stores Outperform Pandemic-hit Department Stores in 2020

SEOUL, Feb. 14 (Korea Bizwire) — Convenience stores outperformed major department stores for the first time in terms of offline sales last year amid the country’s yearlong social distancing scheme, data showed Sunday. The combined sales of the top three convenience store chains — GS25, CU and 7-Eleven — took up 31 percent of the [...]

Department Stores See Jump in Perfume Sales Despite Shrinking Cosmetics Market

Department Stores See Jump in Perfume Sales Despite Shrinking Cosmetics Market

SEOUL, Feb. 9 (Korea Bizwire) — Perfume sales in South Korea have gone up despite the suspension of perfume testing at department stores. Last December, South Korean retailers suspended all practices of testing cosmetic samples at offline vendors in accordance with government regulations, which has led to a plunge in cosmetics sales at department stores. [...]