SEOUL, Apr. 1 (Korea Bizwire) – In a seismic shift for South Korea’s retail landscape, the e-commerce giant Coupang has surpassed the long-dominant E-Mart to become the country’s highest-ranked retail brand, according to the latest quarterly evaluation by brand consultancy BrandStock. Coupang achieved a brand stock top index (BSTI) score of 902.8, vaulting to 9th place [...]
SEOUL, Mar. 27 (Korea Bizwire) – While giants like E-Mart are trimming their workforces, a clutch of discount retailers led by chains like Daiso and Chinese e-commerce platforms like AliExpress and Temu are aggressively hiring in South Korea. Their lure? Offering consumers unbeatable value for money on a wide range of merchandise. According to figures released [...]
SEOUL, March 19 (Korea Bizwire) — E-Mart Inc. said Sunday that whisky sales at the outlets of South Korea’s leading discount store chain exceeded sales of the country’s distilled liquor soju in the January-February period. Demand for whisky soared among younger people, known as the “MZ Generation,” as they currently view drinking whisky, which was [...]
SEOUL, Aug. 2 (Korea Bizwire) — A Seoul branch of discount chain E-Mart has sparked controversy after putting up a shark’s carcass for display in a “photo zone” event. The E-Mart Yongsan branch in central Seoul recently showcased a dead shark in the seafood section for a “photo zone” event. Customers who visited the store [...]
SEOUL, July 5 (Korea Bizwire) — E-Mart Inc., the country’s biggest discount store chain, declared that it will continue to sell major daily necessities at the lowest price as part of efforts to attract more customers in the era of high inflation. The company said Monday that it will select 40 different types of major [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it has approved a deal by E-Mart Inc., a discount store chain under Shinsegae Group, to buy the Korean unit of U.S. e-commerce giant eBay Inc. In June, E-Mart signed a deal with eBay to acquire an 80 percent stake in eBay Korea [...]
SEOUL, July 27 (Korea Bizwire) — E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won (US$412 million) to become the coffee chain’s largest shareholder. The stake purchase would raise South Korea’s top discount chain operator’s interest in the leading coffee franchise in Asia’s fourth-largest [...]
SEOUL, July 2 (Korea Bizwire) — E-Mart 24, the convenience store arm of South Korean retail giant Shinsegae, said Thursday that it will increase the number of ‘hybrid’ semi-unmanned stores that operate without workers late at night using a digital payment kiosk system. During the daytime, however, the stores are operated by employees. The initiative [...]
SEOUL, June 24 (Korea Bizwire) — E-Mart Inc., a discount store chain under Shinsegae Group, said Thursday it has signed an agreement with eBay Inc. to acquire an 80 percent stake in its South Korean e-commerce unit for 3.44 trillion won (US$3.05 billion), a move expected to bring about a seismic shift in the local [...]
SEOUL, May 13 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain by sales, on Thursday said its net profit more than doubled in the first quarter from a year earlier, largely helped by a rebound in offline sales. The retail giant’s net profit for the January-March period came to 102.1 billion won [...]