SEOUL, Sept. 23 (Korea Bizwire) — Department stores are undergoing renovations to attract the so-called MZ generation, encompassing the Millennials and Generation Z. After its first renovation in 11 years, Hyundai Department Store’s Jungdong Branch reopened the ‘U-Plex’ Fashion House on Wednesday in Bucheon, west of Seoul. The store houses 130 domestic and international fashion [...]
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 [...]
SEOUL, May 7 (Korea Bizwire) — South Korea saw a consumption burst during the so-called ‘golden holiday’ spanning six days from the end of April to early May. Lotte Department Store, one of the country’s major department store chain operators, reported a 3.2 percent increase in sales during the holiday compared to the same period [...]
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. [...]
SEOUL, Dec. 9 (Korea Bizwire) — The retail industry is gearing up for the holiday season. Shinsegae Department Store has placed its own model of the white bear character “Pubila” in stores nationwide for Christmas marketing, and will use the character on shopping bags and packaging until the end of the year. The outer wall [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]