SEOUL, Oct. 2 (Korea Bizwire) — When consumers buy wine at convenience stores in South Korea, they tend to buy premium side dishes with a value equivalent to about a half of that of the wine. Convenience store chain CU analyzed sales trends at its stores for the period from Sept. 1-23. The analysis showed [...]
SEOUL, Oct. 1 (Korea Bizwire) — Demand for meal kits has received a big boost from the new coronavirus outbreak as stay-at-home consumers in South Korea have chosen easy-to-cook meals rather than dining out to avoid the risk of infections, industry sources said Thursday. To meet such high demand, local foodmakers are expanding the meal [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.6 percent in August from a year earlier due to a sharp rise in online sales amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, [...]
SEOUL, Sept. 17 (Korea Bizwire) — Food manufacturers are jumping into the care food business for seniors as customized meal products for seniors are expected to grow in demand alongside an aging population. Pulmuone Foodmerce, the distribution arm of South Korean food producer Pulmuone Co, signed a memorandum of understanding with Aria Care Korea, an [...]
SEOUL, Sept. 17 (Korea Bizwire) — Amid growing interest in environmental protection, eco-friendly clothes made of recyclable materials are enjoying rising popularity. E-mart Inc., South Korea’s largest hypermarket chain, announced on Wednesday that its in-house clothing brand DAIZ saw first-half sales of recycled clothes rise by 260 percent year on year. “The robust sales growth [...]
SEOUL, Aug. 31 (Korea Bizwire) — Sales of online stores jumped on the first day on which South Korea imposed stricter social distancing guidelines to stem the spread of the new coronavirus outbreak, retailers said Monday. In a sharp contrast, sales of retail stores plunged as people opted to stay at home and order online [...]
SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.46 trillion [...]
SEOUL, Aug. 4 (Korea Bizwire) — A convenience store franchise plans to hire local residents with ample knowledge about the neighborhood to deliver various products. GS Retail Co., an operator of the major convenience store chain GS25, will begin testing its new ‘Neighborhood Delivery’ service, which is open to all applicants without limits to time [...]
SEOUL, Aug. 3 (Korea Bizwire) — The new coronavirus outbreak has given a big boost to domestic travel here amid disrupted air travel. But for some vacationers, visiting tourist attractions or using lodging facilities could still be the last thing they want to do. Against this backdrop, a new non-contact travel trend has gained traction [...]
SEOUL, July 31 (Korea Bizwire) — Japanese fashion retailer Uniqlo said Friday it will close nine of its stores in South Korea next month amid a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. The closure came as online shopping has gained traction amid the [...]