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 [...]
SEJONG, July 31 (Korea Bizwire) — Sales of cigarettes in South Korea rose 3.8 percent on-year in the first half of this year, data showed Friday, thanks to robust sales of traditional cigarettes. South Korean smokers purchased 1.74 billion 20-cigarette packs in the January-June period, compared with 1.67 billion packs in the same period last [...]
SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]
SEOUL, July 30 (Korea Bizwire) — Despite the boycott movement against Japanese products marking its first year after being sparked by Japan’s export restrictions against South Korea, consumption of Japanese cigarettes has remained more or less unaffected. The Korea Customs Service reported that South Korea imported 4,220.6 tons of cigarettes from the Philippines between July [...]
SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]
SEOUL, July 24 (Korea Bizwire) — With the coronavirus pandemic increasing demand for so-called ‘untact’ consumption, retailers are scrambling to introduce unmanned checkout services. E-Mart Inc., South Korea’s largest discount store chain by sales, currently operates some 700 unmanned checkout kiosks across 110 stores, or 78 percent of all E-Mart stores nationwide. After first introducing [...]