SEOUL, July 28 (Korea Bizwire) – CU, a convenience store franchise operated by BGF Retail, has joined hands with luxury karaoke business Su Karaoke to launch Korea’s first ‘Karaoke Convenience Store’. Located in one of Seoul’s most vibrant and youth-driven areas, Hongdae Street of Youth, the karaoke building houses a CU store on its ground [...]
SEOUL, Feb.15 (Korea Bizwire) – From cheap convenience store coffee to 5,000 won beverages at popular coffee franchises, the domestic coffee market seems to be in chaos. Consumers are facing a vast range of products at different prices, and are coming away confused. Industry officials say that there are differences in roasting skills, but the [...]
SEOUL, Jan.8 (Korea Bizwire) – While sales at department stores and large discount stores have stayed steady or even deceased over the past three years, convenience stores have seen annual growth rates between 10 and 20 percent. Private brands for items such as lunch boxes and snacks developed to meet the needs of single and [...]
SEOUL, July 20 (Korea Bizwire) – With the increase of so-called “home alone” people or single-person households, a wave of change is coming to Koreans’ consumption patterns, and it is affecting the stock prices of related industries. Restaurants or karaoke rooms for one visitor are already thriving in Korea, and various ‘home alone’ products such [...]
SEOUL, June 29 (Korea Bizwire) – Convenience store franchise CU is hitting the market with a limited edition set of tumblers produced to commemorate the centenary year of the famous Coca Cola bottle. CU will be the sole provider of the three kinds of tumblers in Korea, which will be produced by Cool Gear under [...]
SEOUL, May 14 (Korea Bizwire) — As large retailers are suffering from negative growth, private brands (PB), or private labels (PL) are offering a ray of sunshine to retailers, as sales of PB goods have increased 20 to 30 percent in the first quarter compared to the same period last year. PB goods are usually 20 [...]
SEOUL, April 15 (Korea Bizwire) – A convenience store chain in Korea plans to offer affordable smartphone battery replacements instead of time-consuming charging services. BGF Retail, the company behind the CU convenience store chain, announced on April 14 that it would begin the battery replacement service in May. The service offers fully charged smartphone batteries [...]
SEOUL, March 31 (Korea Bizwire) — There is a famous preconception that chewing gum is a popular item at the beginning of the year, as it is sought after by smokers trying to kick the habit as part of their New Year’s resolutions. However, according to research released by convenience store chain CU on March [...]
SEOUL, Jan. 27 (Korea Bizwire) – Convenience stores usually sell simple items such as snacks, drinks and other daily necessities. Now, they are transforming themselves into private lockers, meeting rooms and concert halls providing a variety of “spaces.” According to BGF Retail, the franchiser responsible for the CU convenience store chain, its CU Itaewon Freedom store [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Where can you buy Mise-en-scene Super Hard Wax at the lowest price? Surprisingly enough, the answer is “at a convenient store,” which does not make much sense considering the reputation of big-box retailers as the stores with best deals. This particular hair product is sold cheaper at convenient [...]