SEOUL, Sept. 9 (Korea Bizwire) — Convenience store chains are competing to entice customers to spend their emergency relief funds, which the government started distributing on Monday. Stores began to come up with various marketing strategies that allow customers to purchase various electronic devices such as wireless earphones or smartwatches with the relief funds. GS25 [...]
SEOUL, Sept. 9 (Korea Bizwire) — Fire extinguishers placed at some 16,000 GS25 convenience stores across the country will become available to the public. The National Fire Agency said Wednesday that anyone can now use the fire extinguishers placed at nearby GS25 outlets. The change is the result of an agreement signed by the agency [...]
SEOUL, Aug. 30 (Korea Bizwire) — Aggregate wine sales at major convenience store chains this year thus far have already surpassed last year’s records. GS25 reported that its wine sales this year as of August 26 had already exceeded last year’s total by 4.7 percent. CU reported that its sales were already 16.4 percent higher [...]
INCHEON, April 13 (Korea Bizwire) — Alarm bells are ringing for South Korea’s convenience stores as the Ministry of Health and Welfare has announced a plan to crack down on cigarette ads starting from July. Under the current Tobacco Business Act and the National Health Promotion Act, convenience stores are required to prevent their in-store [...]
SEOUL, March 18 (Korea Bizwire) — Convenience store chain CU recaptured the No. 1 position in South Korea in terms of outlet numbers in 2020, one year after losing the title, data showed Thursday. CU, operated by BGF Retail Co., had 14,923 outlets across the nation as of end-2020, up 1,046 from the previous year [...]
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 [...]