SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Household & Health Care Ltd. is estimated to have outperformed industry leader Amorepacific in the third quarter, thanks to a robust growth in the non-cosmetics business, a poll showed Tuesday. South Korea’s No. 2 cosmetics company is projected to have logged an operating profit of 320.9 billion won [...]
SEOUL, Oct. 19 (Korea Bizwire) — Combined sales by South Korea’s retail giants are estimated to have declined more than 2 trillion won (US$1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry leader Lotte Shopping and its rivals Shinsegae and Hyundai [...]
SEOUL, Oct. 12 (Korea Bizwire) – Amid the increase in the number of consumers who refrain from going far away from their homes due to the spread of the COVID-19 pandemic, a variety of convenient services offered by convenience stores are gaining growing popularity. Convenience store chain CU saw the use of its parcel delivery [...]
SEOUL, Oct. 4 (Korea Bizwire) — Major local department stores have renovated their outlets in bustling areas and realigned sales sections in an effort to attract a new clan of young customers amid faltering sales hit by the new coronavirus outbreak, industry sources said Sunday. Industry leader Lotte Department Store and its main rivals Shinsegae [...]
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 [...]