SEOUL, June 29 (Korea Bizwire) — Retail sales in South Korea increased 2 percent in May from a year earlier as people purchased more sanitary items and foodstuffs through online platforms in the face of the new coronavirus pandemic, data showed Monday. The combined sales of 26 major offline and online retailers reached 11.63 trillion [...]
SEOUL, June 28 (Korea Bizwire) — South Korean duty-free stores saw their sales rebound slightly in May after dipping below the 1 trillion-won (US$804 million) mark in April amid the new coronavirus pandemic, industry data showed Sunday. Combined sales of local duty-free shops rose 3 percent on-month to reach 1.02 trillion won, rebounding from 986.7 [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s two leading duty-free operators started to sell duty-free products through local retail channels Tuesday, as the government has decided to temporarily permit such sales to help the pandemic-hit sector. Industry leader Lotte Duty started to release duty-free items, including foreign luxury brands, worth 10 billion won (US$8.3 [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s two leading duty-free operators will begin to sell duty-free products through local retail channels next week as the government has decided to temporarily permit such sales to help the pandemic-hit sector, company officials said Friday. Industry leader Lotte Duty Free and its rival, Shilla Duty Free, plan [...]
SEOUL, June 18 (Korea Bizwire) — South Korea’s major retailers are expected to see their operating profits more than halve in the second quarter amid the new coronavirus pandemic, a poll showed Thursday. The combined operating profits of Lotte Shopping Co., Shinsegae Inc., E-Mart Inc. and Hyundai Department Store Co. are estimated to be 60.3 [...]
SEOUL, June 18 (Korea Bizwire) — A South Korean convenience store’s 24-hour delivery service, covering the wee hours of the morning, is becoming popular among customers. GS25, a major convenience store chain, announced on Wednesday that it compared the volume of orders between stores running a 24-hour delivery service and the ones offering a delivery [...]
SEOUL, June 9 (Korea Bizwire) – Convenience store operators in South Korea are racing to beef up delivery services as a rise in the number of one-person households and the new coronavirus outbreak have raised demand for door-to-door services. Having an upper hand over major discount stores in terms of consumer accessibility, convenient stores are [...]
SEOUL, June 3 (Korea Bizwire) — South Korean duty-free operators began to sell duty-free products through local retail channels Wednesday as the government has decided to temporary permit such sales to help the pandemic-hit sector. Shinsegae International Inc. started to sell duty-free items of four luxury brands, including Balenciaga and Bottega Veneta, on its online [...]
SEOUL, May 30 (Korea Bizwire) — South Korean duty-free operators said Saturday they will temporarily close some of their outlets in cities starting next month in line with a drastic fall in visitors amid the new coronavirus outbreak. Industry leader Lotte Duty Free said it will suspend the operation of its outlet on the southern [...]
SEOUL, May 28 (Korea Bizwire) — Retail sales in South Korea rose 3.9 percent in April from a year earlier on the back of rising demand for online platforms as more people refrained from going outside amid the new coronavirus pandemic, data showed Thursday. The combined sales of 26 major offline and online retailers reached [...]