department store Archives | Be Korea-savvy
Retailers Turn to Eco-friendly Packaging Ahead of Lunar New Year Holiday

Retailers Turn to Eco-friendly Packaging Ahead of Lunar New Year Holiday

SEOUL, Jan. 24 (Korea Bizwire) — Lotte Department Store reported on Wednesday that it was making use of recyclable or biodegradable packaging for its Lunar New Year gift sets, which are going to be sold until February 4. Lotte also used cooler bags, which can be reused as shopping bags, for its meat set packaging, [...]

Gov’t Sets Guidelines for Department Store Employees

Gov’t Sets Guidelines for Department Store Employees

SEOUL, Jun. 5 (Korea Bizwire) — The Ministry of Employment and Labor announced yesterday that it was implementing a measure that would nurture the well-being of employees in sales positions required to stand for long periods at departments stores and malls. Salespersons are prone to foot problems, backaches, and stress as their jobs require long [...]

Overseas Luxury Brands Booming with Young South Korean Consumers

Overseas Luxury Brands Booming with Young South Korean Consumers

SEOUL, May 17 (Korea Bizwire) – Demand is high for overseas luxury goods, particularly among younger consumers in their 20s and 30s, despite South Korea’s unrelenting economic slump.  According to Lotte Department Store, sales of overseas fashion items, largely comprising of high-end brands, jumped by more than 30 percent in 2016 compared to 2015 for [...]

Businesses Renovate Stores with Unique Themes to Improve Brand Awareness

Businesses Renovate Stores with Unique Themes to Improve Brand Awareness

SEOUL, May 8 (Korea Bizwire) – Local businesses are introducing so-called “concept stores” to improve the image of their brands. Such stores include pop-up stores or traditional offline shops with in-house cafés and gardens, or retail spaces decorated with different themes to appeal to more customers.  SkinFood, a cosmetics company, operates two outlets with cafés [...]

Department Stores Struggle to Attract VIP Customers

Department Stores Struggle to Attract VIP Customers

SEOUL, Jan. 19 (Korea Bizwire) – There is a sense of hierarchical bipartisanship when one visits a Korean department store; there are the VIPs, and the non-VIPs.  Korean department stores have been expanding their VIP programs, targeting specifically the “haves” by either lowering the purchase requirements for the programs or introducing more VIP “levels” to [...]

Department Stores Rely on VIP Customers to Keep up Sales

Department Stores Rely on VIP Customers to Keep up Sales

SEOUL, Jan. 18 (Korea Bizwire) – Department stores are counting more on their top-spending VIP customers to keep their businesses going, sales figures indicated Wednesday, as consumption drops across all consumer segments due to the slowing economy.  Retail statistics showed that a handful of high spenders continue to account for approximately 20 percent of total [...]

Big Spenders at Department Stores on Rise

Big Spenders at Department Stores on Rise

SEOUL, Dec. 14 (Korea Bizwire) – Customers who spend big at the country’s major department stores jumped this year, industry data showed Wednesday, despite a prolonged economic slump here.  The number of wealthy customers at the four stores — Lotte Department Store, Hyundai Department Store, Shinsegae Department Store, and Galleria Department Store — jumped by [...]

Sales of Pricey Padded Jackets Soar despite Overall Slump

Sales of Pricey Padded Jackets Soar despite Overall Slump

SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s leading department stores saw their sales of high-priced padded jackets and other premium foreign clothing brands jump in November despite a drop in overall consumption, industry data showed Monday.  Industry leader Lotte Department Store said its sales of imported premium bubble jackets spiked 45 percent last month [...]