SEOUL, March 2 (Korea Bizwire) — South Korean hypermarket chain operator Homeplus Co. said Monday that it will set up a mobility service platform that will enable customers to buy and sell cars and motorcycles at its outlets. The company said that based on the fact that most of its customers use their own cars [...]
SEOUL, Feb. 27 (Korea Bizwire) — The amount of single-use plastic waste is increasing at a remarkable pace as the outbreak of the coronavirus has led to exponential growth in food deliveries and online shopping. The more plastics are used, the more important it is to dispose of them separately. In particular, the separate disposal [...]
SEOUL, Feb. 25 (Korea Bizwire) — Retail sales in South Korea rose 6 percent in January from a year earlier as more consumers purchased daily necessities from online stores, with the demand for gift items ahead of the Lunar New Year’s holiday also bolstering the sales, data showed Thursday. The combined sales of 26 major [...]
SEOUL, Feb. 23 (Korea Bizwire) — Convenience stores are becoming a popular channel for sales of cosmetics products. GS25, a convenience store chain run by GS Retail Co., reported an 18.2 percent increase in cosmetics sales last year compared to 2019. Sales growth surpassed records from 2018 (15.4 percent) and 2019 (16.9 percent), reflecting rising [...]
SEOUL, Feb. 23 (Korea Bizwire) — With social distancing becoming a new norm due to the prolonged COVID-19 pandemic, convenience stores are emerging as new centers of everyday life, leaving an impact on the retail landscape. Against this backdrop, some tobacco companies are cutting their sales staff. Philip Morris Korea Inc. recently downsized the sales [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4 percent from a [...]
SEOUL, Feb. 14 (Korea Bizwire) — Convenience stores outperformed major department stores for the first time in terms of offline sales last year amid the country’s yearlong social distancing scheme, data showed Sunday. The combined sales of the top three convenience store chains — GS25, CU and 7-Eleven — took up 31 percent of the [...]
SEOUL, Feb. 9 (Korea Bizwire) — Perfume sales in South Korea have gone up despite the suspension of perfume testing at department stores. Last December, South Korean retailers suspended all practices of testing cosmetic samples at offline vendors in accordance with government regulations, which has led to a plunge in cosmetics sales at department stores. [...]
SEOUL, Feb. 5 (Korea Bizwire) – South Korea’s exports of sauces reached an all-time high in 2020 as more people enjoyed cooking at home around the globe amid the new coronavirus pandemic, data showed Friday. Outbound shipments of sauces rose 25.8 percent on-year in 2020 to reach $301.7 million, according to the data compiled by [...]
SEOUL, Feb. 4 (Korea Bizwire) — Department stores are going beyond showcasing and discount promotions to tap into the ‘sensibility’ of customers to promote items online. Shinsegae Department Store added a ‘lifestyle content’ section on its mobile app last October, which introduces movies, books, and merchandise that best represent the current month or season. On [...]