SEOUL, Oct. 17 (Korea Bizwire) – Amidst prolonged high inflation, large discount stores are fiercely competing to attract price-sensitive consumers who are eager to save even a penny. According to the retail industry, E-Mart has been organizing a group purchasing event called ‘Order Pick’ through the E-Mart app since April. ‘Order Pick,’ a term formed by combining [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s discount store chains are going all-out to attract customers through region-specific store strategies. Lotte Mart remodeled 22 of its 111 stores nationwide in this format and opened them on a gradual basis during the 2021-2022 period. For instance, many couples with young children reside around Cheongna International [...]
SEOUL, Dec. 29 (Korea Bizwire) — Large discount stores saw the use of plastic bags decline sharply after they removed ‘inner plastic bags’ that are used to re-pack items that are already packaged, the environment ministry said Wednesday. The ministry signed an agreement with the nation’s five major discount store chains to restrict the use [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s large discount store chains are shifting strategy from shutting down underperforming outlets towards ramping up their competitiveness through renovations. Lotte Mart, the hypermarket chain operated by retail giant Lotte, is planning to renovate about 20 to 30 outlets this year, according to industry sources. For the renovated [...]
SEOUL, July 4 (Korea Bizwire) — Shoppers who want to bag a bargain may have to visit major retailers across the country over the weekend as major outlets are planning to hold big events in line with a state-led sales festival designed to boost spending amid the pandemic. South Korea kicked off the 17-day sales [...]
SEOUL, Jun. 21 (Korea Bizwire) — South Korean discount store chain operators said Thursday that they have increased their numbers of cashierless counters in an apparent move to cut costs and queuing times. E-Mart Inc., the country’s largest big-box chain operator, first adopted the system in January and said the number of stores with unmanned [...]