SEOUL, Feb. 23 (Korea Bizwire) — Convenience stores are becoming a popular channel for sales of cosmetics products. GS25, a convenience store chain run by GS Retail Co., reported an 18.2 percent increase in cosmetics sales last year compared to 2019. Sales growth surpassed records from 2018 (15.4 percent) and 2019 (16.9 percent), reflecting rising [...]
SEOUL, Feb. 14 (Korea Bizwire) — Convenience stores outperformed major department stores for the first time in terms of offline sales last year amid the country’s yearlong social distancing scheme, data showed Sunday. The combined sales of the top three convenience store chains — GS25, CU and 7-Eleven — took up 31 percent of the [...]
SEOUL, Jan. 12 (Korea Bizwire) — Despite ongoing frigid winter temperatures, South Korea’s convenience stores are seeing ice sales rise. Convenience store chain E-Mart 24 said that the sales of ice bags for the period from Jan. 1 to 7 marked a robust year to year growth of 89 percent, while those of ice cups [...]
SEOUL, Jan. 6 (Korea Bizwire) — Convenience stores are challenging bakeries as they introduce a series of high-quality bread products. GS Retail Co. said Tuesday that its convenience store chain GS25 and supermarket franchise GS The Fresh will introduce Breadique, a new bakery brand. The new brand comes with four signature products made with 1A-grade [...]
SEOUL, Jan. 5 (Korea Bizwire) — With the atmosphere of New Year’s celebrations being toned down due to the spread of COVID-19, the number of consumers buying alcohol and daily necessities at convenience stores rather than writing materials for New Year’s resolutions increased. Convenience store chain E-Mart 24 analyzed sales trends for the Jan. 1-3 [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s major convenience store chains are rushing to push forward the release date of strawberry sandwiches that are beloved by young people, particularly during the winter season. CU, for example, pushed forward the release date of its strawberry sandwich by about 15 days compared to last year. CU [...]
SEJONG, Nov. 2 (Korea Bizwire) – South Korea’s finance ministry said Monday it will allow people to exchange the Korean currency for foreign currency banknotes at convenience stores starting next year, as part of its efforts to ease regulations in the foreign exchange market. Under the move, people can ask banks to exchange the Korean [...]
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. 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, Sept. 10 (Korea Bizwire) — Alcohol sales are rising as strict government-imposed social distancing measures continue to take effect. Convenience store chain Emart24 reported on Wednesday that sales of wine surged 225.4 percent between Aug. 30-Sept. 8 compared to last year. Sales of hard liquor jumped by 175.2 percent, while sales of soju and [...]