department stores Archives | Be Korea-savvy
Department Stores to Hold Eco-friendly Sales Promotion to Celebrate World Environment Day

Department Stores to Hold Eco-friendly Sales Promotion to Celebrate World Environment Day

SEOUL, June 3 (Korea Bizwire) — Major department stores are launching an eco-friendly campaign to celebrate World Environment Day (June 5), selling a variety of fashion goods made from textile wastes. Hyundai Department Store will hold a special promotion of eco-friendly upcycling brands on its official online shopping mall, thehyundai.com, until June 11. Upcycling refers [...]

Department Stores Expand VIP Programs to Boost Sales

Department Stores Expand VIP Programs to Boost Sales

SEOUL, March 30 (Korea Bizwire) – Recently, the department store industry has begun to make an all-out effort to secure VIP customers who spend more than ordinary customers. Department stores have suffered fallout from the surge in popularity of online shopping malls for years, but sales have come under further pressure with the coronavirus outbreak. [...]

Department Stores Target Big Spenders with Tailored Services

Department Stores Target Big Spenders with Tailored Services

SEOUL, Nov. 30 (Korea Bizwire) — Big-spending customers are a prime target for car companies, luxury brands, department stores and most other businesses as their purchasing can make up a huge portion of their revenues. South Korea’s department stores are elevating their VIP shopping experience by refurbishing their outlets, expanding their VIP concierge services and [...]

Future of Korea Sale FESTA in Doubt as Department Stores Pull Out

Future of Korea Sale FESTA in Doubt as Department Stores Pull Out

SEOUL, Oct. 21 (Korea Bizwire) — The annual Korea Sale FESTA (KSF), which has failed to gain popularity among manufacturers and consumers in the past, faces another challenge this year. Department stores have reported that they will not take part in the event this year. The KSF is a nationwide shopping festival involving major retailers, [...]

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, [...]