SEOUL, June 9 (Korea Bizwire) — South Korean food and beverage giant SPC Group said Wednesday its bakery-cafe chain Paris Baguette has opened its first store in Cambodia. The store, which was opened in Phnom Penh in partnership with Cambodia’s HSC Group, will pave the way for Paris Baguette to expand its presence in Southeast [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s major online shopping malls are fiercely competing to secure regular clients by providing free and easy return services. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, introduced a new return service that uses convenience stores as a return channel earlier this month. The [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s major department stores, which have placed top priority on attracting customers to their stores, are now stepping into near-distance delivery services for food and beverage being sold at food courts and in-store restaurants. They are expanding the scope of ‘dawn delivery’ and ‘free return’ services in collaboration [...]
SEOUL, May 17 (Korea Bizwire) — Pop-up boutiques at department stores are turning into platforms for exhibitions and simulations to attract members of the MZ generation who are more accustomed to online shopping than offline. The MZ Generation encompasses millennials and Generation Z, referring to those born between 1980 and 2010. Since May 7, Lotte [...]
SEOUL, May 14 (Korea Bizwire) – The fierce competition over the acquisition of eBay Korea and Yogiyo is sweeping through the merger and acquisition (M&A) market in the retail industry. The acquisition of South Korean unit of the U.S. online shopping giant has attracted Lotte Shopping Co., E-Mart Inc. from Shinsegae Group, SK Telecom Co. [...]
SEOUL, May 13 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain by sales, on Thursday said its net profit more than doubled in the first quarter from a year earlier, largely helped by a rebound in offline sales. The retail giant’s net profit for the January-March period came to 102.1 billion won [...]
SEOUL, May 12 (Korea Bizwire) — Home shopping companies are stepping up competition in the field of live commerce, or TV home shopping-style mobile shopping, to address demand from the MZ generation, who are more acquainted with watching videos on mobile phones. CJ OnStyle recently renovated the ‘live show’ tab on its mobile application to [...]
SEOUL, May 12 (Korea Bizwire) — Hite Jinro Co., South Korea’s second-largest beverage company, said Wednesday it has kicked off exports of its popular lager beer brand Terra. Hite Jinro said it will export the first batch of 1.2 million Terra bottles to the United States, Hong Kong and Singapore. Sales of the Terra lager [...]
SEOUL, May 6 (Korea Bizwire) — Coronavirus self-test kits became available in supermarkets and convenience stores across the country Thursday as South Korea is seeking to step up its testing capacity with no letup of new virus cases in sight. Self-test kits by two local drugmakers — Humasis Inc. and SD Biosensor Co. — have [...]
SEOUL, April 28 (Korea Bizwire) — Buyers from major department stores are moving heaven and earth to procure better products, as many of small and medium-sized enterprises which were once standing cap in hand to ask department stores to sell their products are now shifting focus towards e-commerce platforms. A Hyundai Department Store buyer recently [...]