department stores Archives | Be Korea-savvy
Shinsegae Launches Restaurant Queue App

Shinsegae Launches Restaurant Queue App

SEOUL, Sept. 4 (Korea Bizwire) — Shinsegae Group, which operates high-end department stores throughout the nation, announced that it is launching a new smartphone app that will allow shoppers to check, in real-time, the wait time at restaurants situated within Shinsegae malls. Through the service, which launched at Shinsegae’s Gangnam branch yesterday and will roll [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

Retailers Slow Down Opening of new Department Stores amid Rising Online Shopping

Retailers Slow Down Opening of new Department Stores amid Rising Online Shopping

SEOUL, Nov. 30 (Yonhap) — South Korea’s three leading department store operators will not open new branches in the next two years as local consumers increasingly opt for online shopping, industry sources said Thursday. Lotte, Hyundai and Shinsegae, which account for 80 percent of the department store market in South Korea, have no plans to [...]

Escalators can be Dangerous, Especially on Rainy Days

Escalators can be Dangerous, Especially on Rainy Days

SEOUL, Aug. 26 (Korea Bizwire) — Recent government data has revealed that accidents involving slipping and falling on escalators tend to happen more frequently when it rains. According to the Ministry of Public Administration and Security, there were 163 escalator-related accidents between 2013 and 2016, with four fatalities and 209 serious injuries. Among the incidents, [...]

Chinese Travelers Rare Bright Spot for Korean Department Stores

Chinese Travelers Rare Bright Spot for Korean Department Stores

SEOUL, Feb. 22 (Korea Bizwire) – Chinese travelers have emerged as one of the few bright spots for Korean department stores suffering from dull domestic consumption, prompting an all-out fight to attract deep-pocketed clients, industry officials said Monday. Sales at department stores inched down 0.4 percent on-year to 29.22 trillion won (US$23.69 billion) in 2015, [...]

Popup Stores Changing the Shopping Landscape

Popup Stores Changing the Shopping Landscape

SEOUL, Sept. 25 (Korea Bizwire) — Department stores are undergoing big changes, with specialized retailers or service providers like barbershops and paint shops making appearances inside their spaces.  These special shops are appearing as popup stores rather than taking up permanent residence in department stores. The phenomenon is the result of retailers choosing popup stores [...]