SEOUL, May 4 (Korea Bizwire) — Offline retailers, once on the verge of a crisis after consumers flocked to e-commerce vendors following the coronavirus outbreak, are now seeing a chance to make a comeback. As people are staying indoors for an extended period of time due to work-from-home policies and delays to the school year, [...]
SEOUL, May 1 (Korea Bizwire) — While the overall domestic industry is in a slump due to the spread of the novel coronavirus infection, some companies have benefited from changes in consumption patterns. For companies specializing in household goods and home interior, COVID-19 has actually been a boon, and these companies are the envy of [...]
SEJONG, April 29 (Korea Bizwire) — Sales of cigarettes in South Korea rose 4.1 percent on-year in the first quarter of this year, data showed Wednesday, due to robust sales of traditional cigarettes. South Korean smokers purchased 810 million 20-cigarette packs in the January-March period, compared with 780 million packs in the same period last [...]
SEOUL, April 28 (Korea Bizwire) — Lotte Shopping Co. — the operator of South Korea’s biggest department store and hypermarket chains — on Tuesday launched an ambitious online shopping website to better compete with major e-commerce operators, such as Coupang. Lotte ON integrates the websites of Lotte’s eight affiliates, including Lotte Department Store, the electronics [...]
SEOUL, April 28 (Korea Bizwire) — Retail sales in South Korea fell in March as people refrained from visiting offline stores amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 10.89 trillion won (US$8.87 billion) last month, down 3.3 percent from 11.26 trillion won a [...]
SEOUL, April 28 (Korea Bizwire) — South Korean duty-free stores saw their sales drop sharply in March due to the spread of the new coronavirus, industry data showed Tuesday. Combined sales of local duty-free shops shrank 1.3 percent on-month to 1.8 trillion won (US$1.5 billion) last month, according to the data from the Korea Duty [...]
SEOUL, April 24 (Korea Bizwire) — With the increasing popularity of so-called ‘untact’ consumption, gift services are gaining attention in the e-commerce industry. SSG.Com, the online shopping unit of retail conglomerate Shinsegae, reported that sales of online gift services in March and April were 43.2 percent and 50 percent higher, respectively, than last year. Among [...]
SEOUL, April 17 (Korea Bizwire) — In recent months, the air purifier industry has struggled as sales have plummeted as unprecedented clear weather continues. Fine dust, which was an uninvited guest in spring, has become an afterthought as factories around the world – and most importantly, those in China – have stopped operating. In the [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s exports of high-end consumer goods to Southeast Asia has increased sharply since 2010, data showed Thursday, led mostly by their strong demands for cosmetic goods. The country’s exports of high-end consumer goods, which include beauty and fashion items, along with luxury goods, to Singapore have been expanding [...]
SEOUL, April 16 (Korea Bizwire) — As more and more people are spending time at home in the aftermath of the new coronavirus outbreak, sales of products related to activities that can be done at home, such as cooking and brewing coffee, are increasing. SSG.Com, the online shopping unit of retail conglomerate Shinsegae, analyzed sales [...]