SEOUL, Aug. 16 (Korea Bizwire) — South Korean retailers are increasingly crossing the boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said Thursday. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is set to open an offline shop for luxury goods sold [...]
SEOUL, Aug. 13 (Korea Bizwire) — According to e-commerce giant Gmarket, a growing number of middle-aged South Koreans are spending more money on dieting, skin care and other products or services that help them to maintain a youthful appearance. Those in their 40s and 50s are investing more in themselves, as they have the economic [...]
SEOUL, Aug. 10 (Korea Bizwire) — Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, said Friday it is ramping up marketing efforts to lure more Chinese tourists as the company moves to expand its presence in the country’s duty-free market. Shinsegae DF said it has partnered with Ctrip to allow consumers [...]
SEOUL, Aug. 1 (Korea Bizwire) — Sweltering heat affecting South Korea is boosting sales of local retailers as people flock to air-conditioned malls to get relief, industry sources said Wednesday, with the mercury expected to rise further in the coming days. According to retail giant Lotte, 4.22 million people visited Lotte World Mall in eastern [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea’s retail giant Lotte said Monday a new department in charge of the business group’s online businesses is set to be launched this week as the conglomerate revs up efforts to cope with the rapid expansion of the country’s online market. Earlier in May, Lotte unveiled the plan [...]
SEOUL, Jul. 19 (Korea Bizwire) — Fast Retailing Co., which owns Uniqlo, is set to launch the first Korean store of its budget brand, GU, this year as the Japanese retailer moves to expand the smaller chain’s presence in the global market, the company said Thursday. Launched in 2006, GU currently has 374 stores in [...]
SEOUL, Jul. 18 (Korea Bizwire) – Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, opened its second outlet in Seoul on Wednesday, as the company accelerates its push to expand its presence in the domestic duty-free market. The five-story outlet with some 350 brands is located at Central City, which consists [...]
SEOUL, Jul. 17 (Korea Bizwire) — The Korean Animal Welfare Association has criticized E-Mart’s pet store brand “Molly’s Pet Shop” for failing to comply with laws pertaining to the proper treatment of animals. The association was also critical of the government for not managing and supervising the retail giant properly during a press conference held [...]
SEOUL, Jul. 16 (Korea Bizwire) — “MUMUSO,” a Chinese retail chain that fronts as a Korean retailer of household goods operating globally in Southeast Asia, the Middle East, South America and Russia has been caught in a crackdown by Vietnamese authorities. The chain has a total of 27 stores in Vietnam including those in the [...]
SEOUL, Jul. 16 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Monday its beauty brand is set to open a store in Saudi Arabia next week as the retailer moves to expand its presence in the overseas market. In November, the Korean firm signed an agreement with the kingdom’s major retail [...]