SEOUL, June 18 (Korea Bizwire) — A South Korean convenience store’s 24-hour delivery service, covering the wee hours of the morning, is becoming popular among customers. GS25, a major convenience store chain, announced on Wednesday that it compared the volume of orders between stores running a 24-hour delivery service and the ones offering a delivery [...]
SEOUL, June 9 (Korea Bizwire) – Convenience store operators in South Korea are racing to beef up delivery services as a rise in the number of one-person households and the new coronavirus outbreak have raised demand for door-to-door services. Having an upper hand over major discount stores in terms of consumer accessibility, convenient stores are [...]
SEOUL, June 3 (Korea Bizwire) — South Korean duty-free operators began to sell duty-free products through local retail channels Wednesday as the government has decided to temporary permit such sales to help the pandemic-hit sector. Shinsegae International Inc. started to sell duty-free items of four luxury brands, including Balenciaga and Bottega Veneta, on its online [...]
SEOUL, May 30 (Korea Bizwire) — South Korean duty-free operators said Saturday they will temporarily close some of their outlets in cities starting next month in line with a drastic fall in visitors amid the new coronavirus outbreak. Industry leader Lotte Duty Free said it will suspend the operation of its outlet on the southern [...]
SEOUL, May 28 (Korea Bizwire) — Retail sales in South Korea rose 3.9 percent in April from a year earlier on the back of rising demand for online platforms as more people refrained from going outside amid the new coronavirus pandemic, data showed Thursday. The combined sales of 26 major offline and online retailers reached [...]
SEOUL, May 27 (Korea Bizwire) — South Korean duty-free shops are struggling to cope with an industry-wide slump as flight suspensions and a subsequent fall in the number of customers have severely dented their sales amid the new coronavirus pandemic. With no imminent signs of business turnaround, duty-free operators have called for support measures from [...]
SEOUL, May 26 (Korea Bizewire) — Beset by falling revenues amid the new coronavirus pandemic, South Korean retailers have been struggling to stay afloat by expanding the online sales business amid the non-contact trend. Now, they are further going online by taking the note of livestreaming shopping tools in a bid to woo more customers. [...]
SEOUL, May 25 (Korea Bizwire) — South Korean duty-free stores saw their sales drop sharply below the 1 trillion-won (US$804 million) mark in April, feeling the pinch of the fallout from the new coronavirus, industry data showed Tuesday. Combined sales of local duty-free shops shrank 9.2 percent on-month to 986.7 billion won last month, according [...]
SEOUL, May 25 (Korea Bizwire) — Uniqlo’s budget brand GU, which has been hit hard by the coronavirus pandemic and a boycott of Japan in place since last summer, will withdraw from South Korea. FRL Korea Co., an operator of Uniqlo Korea, recently announced that GU will stop operating offline stores in the country around [...]
SEOUL, May 24 (Korea Bizwire) — Lotte Shopping Co., the operator of South Korea’s biggest department store chain, said Sunday it will sell 121 brick-and-mortar stores within this year amid the new coronavirus impact on the retail industry. Lotte Shopping runs about 700 department stores, large discount stores, supermarkets and LOHB’s online shopping mall’s offline [...]