SEOUL, Aug. 29 (Korea Bizwire) — What would be the best-selling instant noodles at convenience store chain GS25? It is easy to think of Shin Ramyun, or Jin Ramyun, both popular options. But the answer is Hot Chicken Flavor Ramen, Samyang Foods Co.’s top-selling noodle product among 107 instant noodle offerings. There is one thing [...]
SEOUL, Mar. 26 (Korea Bizwire) — GS25, a major convenience store chain operated by GS Retail Co. introduced on Monday a new “half-priced” delivery service, and promising discounts of up to 65 percent compared to conventional convenience store parcel delivery services. The half-priced delivery service is a parcel delivery service through which customers apply for [...]
SEOUL, Jan. 21 (Korea Bizwire) — According to convenience store industry watchers on Sunday, it has become almost impossible to find part-time work at convenience stores due to the increase in the minimum wage this year. With sales declining due to a sluggish economy and excessive competition, convenience store owners are having trouble paying part-time [...]
SEOUL, Jan. 15 (Korea Bizwire) — Sales of brewed coffee at local convenience stores have increased as more South Koreans seek cost effective drinks in the face of rising consumer prices, industry data showed Tuesday. BGF Retail Co., the operator of South Korea’s largest convenience store chain, CU, said revenues from brewed coffee at its [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of new convenience stores in South Korea moved down in 2018 from a year earlier, industry data showed Sunday, due mainly to an increase in labor costs and the market’s saturation. According to industry data, new CU branches, operated by BGF Retail Co., posted a net increase [...]
SEOUL, Jan. 4 (Korea Bizwire) — It has been reported that convenience store wine is gaining popularity among men in their 30s. The wine is cost effective, with bottles selling for as little as 10,000 won ($8.87). Sales data from GS25, a convenience store operated by GS Retail Co., offers additional confirmation. Of all the [...]
SEOUL, Dec. 28 (Korea Bizwire) — CU, a South Korean convenience store chain by BGF Retail, has launched a rental service for shopping bags. Now, instead of using plastic bags, customers can rent a large shopping bag for 500 won (US$0.45). Customers can get their money back by returning the bags to any CU store. [...]
SEOUL, Dec. 27 (Korea Bizwire) — Prices of boxed lunch products have increased at the fastest pace among all ready to eat meals sold this year, government data showed Thursday. According to the data by Statistics Korea, the prices of lunch boxes, which are mostly sold at convenience stores, increased 6.5 percent compared to the [...]
SEOUL, Nov. 26 (Korea Bizwire) — Emart24, Shinsegae Group’s convenience store chain, is offering a one-month food guarantee service in December that offers customers a full refund if a food product tastes bad, as it plans to attract new customers and stimulate franchise activities. All refund costs will be paid by Emart24. The food guarantee [...]
SEOUL, Oct. 8 (Korea Bizwire) — The convenience store giant 7-Eleven was found to have the greatest number of official disputes between its main office and franchise stores. According to parliamentary audit files submitted to Rep. Cho Bae-sook of the Party for Democracy and Peace, there were 498 dispute cases regarding convenience stores filed at [...]