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, June 2 (Korea Bizwire) — With South Koreans donning protective masks for an extensive period due to the ongoing coronavirus crisis, sales of cosmetic products that effectively raise the tenacity of makeup are increasing as the weather grows hotter each day. Olive Young, a beauty and health brand run by retail conglomerate CJ Group, [...]
SEOUL, May 18 (Korea Bizwire) — South Korean cosmetic products are expanding their presence in China on the back of the Korean Wave and competitive beauty products, becoming the second most sold in Asia’s second-ranked but fast-growing beauty market, data showed Monday. Out of $686.2 million worth of cosmetics China imported in the January-March period, [...]