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S. Korean Convenience Store Chain Taps Iran

S. Korean Convenience Store Chain Taps Iran

SEOUL, Jul. 14 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Friday it signed a franchise deal with an Iranian company marking the first overseas expansion for a convenience store operator. Under the agreement, home appliances firm Entekhab Investment Development Group will take charge of investment [...]

Convenience Store Frozen Food Sales Rebound

Convenience Store Frozen Food Sales Rebound

SEOUL, Jul. 7 (Korea Bizwire) — As the number of single-person households continues to grow in South Korea, sales growth of frozen food at major convenience stores has significantly increased over the past six months, compared to average sales from 2012 to 2016. Among the frozen food items, frozen pizza was most popular, with sales [...]

Convenience Store Giant CU to Adopt Emergency Safety Guard Barriers

Convenience Store Giant CU to Adopt Emergency Safety Guard Barriers

SEOUL, May 16 (Korea Bizwire) – South Korean convenience store giant CU is continuing its efforts to ramp up employee safety with a newly introduced counter safety barrier that will help protect employees in case of an emergency, including violent crimes. The newly opened Yeoksam-dong branch in Gangnam District is the very first CU store [...]

Cards Used More Than Cash at CVS

Cards Used More Than Cash at CVS

SEOUL, April 24 (Korea Bizwire) – Cash payments fell to less than half of all payments at a major convenience store chain in 2016 as a growing number of people used credit, debit and other cards, the chain said Sunday. It is the first time that card payments have exceeded 50 percent of the total at any convenience store chain, CU said. Card payments at CU outlets rose to [...]

Convenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales

Convenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales

SEOUL, April 18 (Korea Bizwire) – As the weather warms up in South Korea, major convenience store chains are releasing new spring and summer products ranging from iced tea and caffe lattes to plastic cups filled with ice cubes to drink a cold beverage out of. The market for ice products in the convenience store [...]

Convenience-store Chain CU to Adopt Touchscreen Emergency Service

Convenience-store Chain CU to Adopt Touchscreen Emergency Service

SEOUL, April 11 (Korea Bizwire) – The Korean National Police Agency (KNPA) announced yesterday it has teamed up with CU, the largest convenience-store chain in South Korea, to install a touchscreen emergency system in every store by the end of the year as part of efforts to ramp up security and prevent crime. The latest collective [...]

Convenience Stores Become Biggest Seller of Alcohol Drinks

Convenience Stores Become Biggest Seller of Alcohol Drinks

SEOUL, Nov. 30 (Korea Bizwire) – Convenience stores have become the largest market for selling alcohol drinks, a market report showed Wednesday, apparently due to more people choosing to drink alone or with their families. The retail index provided by information analysis firm Nielsen Korea said convenience stores ousted discount chains to become the biggest [...]

Convenience Stores Showing Marked Growth in Numbers, Sales

Convenience Stores Showing Marked Growth in Numbers, Sales

SEOUL, Nov. 16 (Korea Bizwire) – The number of convenience stores in South Korea has surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, industry statistics showed Wednesday.  The number indicates a significant increase from 28,994 counted at the end [...]