SEOUL, Jul. 26 (Korea Bizwire) — Amid the widespread boycott following export restrictions imposed by Japan, the large discount store and convenience store industry decided to exclude Japanese products from its import beer discount promotions. Three major retailers – E-Mart, Lotte Mart and Homeplus – have effectively suspended new orders for Japanese beer as a [...]
SEJONG, Jul. 26 (Korea Bizwire) — At a trade fair exhibiting Korean goods in Bangkok last month, whenever a customer came to the small booth where he was promoting beauty products, Jake Choi would use his smartphone to show them a video clip as part of his sales pitch. The three-minute video includes a scene [...]
SEOUL, Jul. 25 (Korea Bizwire) – Overseas direct purchases are going through a major trend shift as more South Koreans are leaving work early and devoting more time to leisure activities ever since the introduction of the 52-hour workweek policy. South Korean online shopping mall Gmarket reported on Wednesday that overseas direct purchases have increased by 12 [...]
SEOUL, Jul. 24 (Korea Bizwire) — South Korea’s delivery service and market workers who are affiliated with the Korean Confederation of Trade Unions, a militant labor umbrella group, on Wednesday declared their participation in the ongoing nationwide boycott of Japanese products. The Parcel Delivery Workers’ Solidarity Union and the Korean Mart Labor Union announced their [...]
SEOUL, Jul. 23 (Korea Bizwire) — Large retailers are struggling with the aftereffects of “dawn delivery.” With an increasing number of consumers preferring to have their purchases delivered the morning after they are ordered, related sales are increasing. However, losses are also growing. The main reason behind the losses is packaging expenses. Since most early-morning [...]
SEOUL, Jul. 22 (Korea Bizwire) — Men who lavishly invest in fashion and beauty, so-called ‘grooming men’, have emerged as new flagship customers for the retail industry. Those who open their wallets without hesitation to improve their appearance are working hard to groom themselves, a thought that was unimaginable in the past, with emphasis on [...]
SEOUL, Jul. 22 (Korea Bizwire) — Fast Retailing Co., which owns Japanese fashion brand Uniqlo, on Monday issued an apology for remarks by its executive that have drawn criticism from South Korean consumers amid ongoing trade friction between Tokyo and Seoul. On July 11, Takeshi Okazaki, CFO of the Tokyo-based fast fashion brand, said during [...]
SEOUL, Jul. 22 (Korea Bizwire) — South Korean retailers are likely to deliver disappointing earnings for the second quarter on stiff competition with online operators, with industry leader Emart Inc. expected to post the first deficit in its history, industry data showed Monday. Emart, the country’s largest hypermarket chain, operated by Shinsegae Group, is predicted [...]
SEOUL, Jul. 18 (Korea Bizwire) — With the competition for eco-friendly delivery heating up, Coupang Inc. has introduced electric trucks. The South Korean e-commerce firm will deploy 10 Calmato EVs (electric vehicles) at the Coupang Logistics Service Delivery Hub in Daegu next month and is currently setting up recharging stations for the electric trucks. The [...]
SEOUL, Jul. 17 (Korea Bizwire) — South Korea will hold a nationwide shopping festival involving major retailers, manufacturers and traditional markets in November, the government said Wednesday. The annual Korea Sale FESTA will kick off on Nov. 1 for a 22-day run, offering items ranging from electronics and furniture to cosmetics and apparel, according to [...]