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 [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korean discount store chain E-Mart Inc. said Wednesday that it will open an additional number of ‘Eco Refill Stations’ that sell refills of detergent and fabric softener. Since September, E-Mart has been running Eco Refill Stations at a store in Seongsu-dong, Seoul and E-Mart Traders, a warehouse club, [...]
SEOUL, Sept. 17 (Korea Bizwire) — Amid growing interest in environmental protection, eco-friendly clothes made of recyclable materials are enjoying rising popularity. E-mart Inc., South Korea’s largest hypermarket chain, announced on Wednesday that its in-house clothing brand DAIZ saw first-half sales of recycled clothes rise by 260 percent year on year. “The robust sales growth [...]
SEOUL, July 8 (Korea Bizwire) –Coffee pods are making up a growing percentage of an ever-growing coffee market in South Korea, with sales of products using pre-ground coffee sealed in a capsule more than doubling compared to sales of ground coffee in the first half of the year. According to Emart, South Korea’s largest discount [...]
SEOUL, Oct. 21 (Korea Bizwire) — E-mart Inc., South Korea’s largest hypermarket chain, said Monday that it has named Kang Heui-seok, a partner at Bain & Company, as its new chief executive as the company grapples with declining sales. Kang, a key member of Bain’s retail and consumer products, will head E-Mart in the wake [...]
SEOUL, Oct. 14 (Korea Bizwire) — More consumers are buying low-priced wine that costs less than 10,000 won (US$8.43) per bottle amid the current economic downturn. E-Mart Inc., South Korea’s largest discount store chain operator, reported on Sunday that sales of low-priced wine accounted for 19.7 percent of all wine sales between January and September, [...]
SEOUL, Aug. 14 (Korea Bizwire) — E-Mart Inc. has decided to buy back shares worth some 100 billion won (US$82 million) and securitize its assets through sale and leaseback arrangements. “At the current stage, we have to save up our capability, and use that capability when there is an opportunity,” said Shinsegae Group Vice Chairman [...]
SEOUL, Aug. 13 (Korea Bizwire) — Starbucks Korea reported a 28 percent on-year jump in its operating profit in the first half of the year amid rising appetite for premium coffee, discount store chain E-Mart said Tuesday. From January to June, the U.S. coffee giant posted an operating profit of 74.7 billion won (US$61 million) [...]
SEOUL, Aug. 13 (Korea Bizwire) — E-Mart Inc. said Tuesday that it plans to raise 1 trillion won (US$820 million) by selling assets as the country’s top retailer is struggling with falling profitability amid increased competition with e-commerce giants here. The company said it plans to securitize its outlets worth 1 trillion won by the [...]
SEOUL, Aug. 9 (Korea Bizwire) — E-Mart Inc., South Korea’s leading discount chain operator, swung to the red in the second quarter of the year for the first time in its history in the face of growing competition from online shopping rivals and e-commerce giants. Net losses reached 26.6 billion won (US$24.7 million) in the [...]