SEOUL, Jan. 21 (Korea Bizwire) — Local retail sales of processed rice products shot up nearly 11 percent in 2019 from a year earlier due to the growing demand from single-member households while more people opt for convenient meals, data showed Thursday. Retail sales of processed rice products, including ready-to-eat steamed rice, porridge, and noodles, [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean retailers are competing over same-day delivery as the coronavirus pandemic drags on. Demand for same-day delivery has been increasing among double-income households as it allows them to receive any delivery if ordered two or three hours before they get off work. The hypermarket chain Lotte Mart reported [...]
SEOUL, Jan. 4 (Korea Bizwire) — Customer satisfaction guarantees offering full refunds are spreading among South Korean retail industry. Based on judgment that an aggressive refund policy could contribute to attracting more customers, the nation’s major retailers are actively introducing policies guaranteeing satisfaction and promising to offer full refunds to dissatisfied customers. South Korean hypermarket [...]
SEOUL, Dec. 23 (Korea Bizwire) — Retail sales in South Korea moved up 6.3 percent in November from a year earlier on the back of the nationwide consumption-boosting events aimed at overcoming the economic jitters from the COVID-19 pandemic, data showed Wednesday. The combined sales of 26 major offline and online retailers reached 12.41 trillion [...]
SEOUL, Dec. 18 (Korea Bizwire) — Lotte Global Logistics Co., a logistics unit of South Korean retail giant Lotte Group, said Thursday it will expand the operation of eco-friendly cold chain electric trucks that provides temperature-controlled environments during transportation and storage. After completing the trial operation of cold storage electric trucks in April and May, [...]
SEOUL, Dec. 5 (Korea Bizwire) – Japanese fashion retailer Uniqlo will close its outlet in Seoul’s popular shopping district next month, after a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. Uniqlo said on its website recently in Korean that its global flagship store in [...]
SEOUL, Nov. 24 (Korea Bizwire) — After going through a complete collapse amid the ‘No Japan’ boycott campaign in South Korea, Japanese breweries are striving to regain a foothold through price cuts. Lotte Mart, the hypermarket chain operated by Lotte Shopping, is now holding a promotional event selling four cans of Asahi beer that its [...]
SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]
SEOUL, Nov. 20 (Korea Bizwire) — SK Stoa, a home shopping firm operated by SK Telecom Co., South Korea’s largest mobile carrier, announced on Thursday that it had developed the world’s first home shopping program analysis tool. The SK Store On Vision collects data on viewing rate, shopping orders and calls through SK Stoa’s TV [...]
SEOUL, Nov. 10 (Korea Bizwire) — The ongoing nationwide shopping festival, aimed at boosting domestic consumption hit by the new coronavirus pandemic, has already seen notable results in terms of card spending and retail sales, the commerce ministry said Tuesday. The annual Korea Sale FESTA kicked off for a 15-day run on Nov. 1, with [...]