SEOUL, Feb. 23 (Korea Bizwire) — Major South Korean retailers said Sunday they will partially shut down some of their outlets in Seoul for disinfection measures following recent visits by patients diagnosed with the new coronavirus. Shinsegae Department Store said its store in the posh Gangnam district will close its food court on the basement [...]
SEOUL, Feb. 7 (Korea Bizwire) — Lotte Department Store, one of the country’s major department store chain operators, said Friday that one of its outlets in downtown Seoul will be temporarily closed starting late Friday for a cleanup following a recent visit there by a patient diagnosed with the new coronavirus. The store in the [...]
SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Department Store said Wednesday it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years. Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications instead of paper receipts when purchasing goods. Even if [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hanwha Galleria Co., a retail unit of the South Korean conglomerate Hanwha Group, announced on Tuesday that it has decided to inform citizens of fine dust levels by utilizing media art installed on the exterior of its department stores. The lighting installed on the exterior of the Galleria Luxury [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]