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 [...]
SEOUL, Mar. 8 (Korea Bizwire) — E-Mart Inc. announced its plans on Thursday to sell Twizy, an electric vehicle designed by Renault Samsung Motors Corp., at 25 of its stores across the country. Twizy is an urban compact two-seater that accounts for almost 80 percent of the market for small-sized electric vehicles in South Korea. [...]
SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]
SEOUL, Jan. 4 (Korea Bizwire) — E-Mart Inc. has announced a new pricing policy called ‘Citizen’s Price’ as its first project this year to strengthen offline competitiveness. The Citizen’s Price initiative includes plans to significantly reduce prices of fresh goods and everyday necessities. The initiative comes after Chung Yong-jin, Vice Chairman of Shinsegae Group that operates E-Mart, [...]
SEOUL, Dec. 7 (Korea Bizwire) — E-Mart Inc. outlets’ parking lots will be renovated into multipurpose facilities that will provide charging stations for electric vehicles as well space to accommodate car-sharing vehicles. E-Mart, in collaboration with Straffic, South Korea’s leading company in traffic management systems, will open Electro Hyper Charger Stations at six of its [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Electronics Inc. said Monday it inked an agreement with E-mart Inc., a retail giant in South Korea, to develop a new type of service robot that can assist shoppers at supermarkets. Under the agreement, the two companies will develop what they call a smart-cart robot that can automatically [...]
SEOUL, Oct. 30 (Korea Bizwire) — E-Mart Inc. revealed yesterday that it will be adopting eco-friendly packaging that would allow plastic containers belonging to its own brand products to be recycled with ease. Colored plastic bottles and caps will be replaced with colorless plastic. In addition, product labels will be made easier to remove. E-Mart [...]
SEOUL, Sept. 28 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount hypermarket chain by sales, said Friday it will launch the first outlet of its premium grocery store in Los Angeles next year, the latest in a series of moves to expand its presence abroad. E-Mart has signed a 10-year contract to lease three [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean retailers’ race to automate their outlets is accelerating with leading industry players unveiling robots that can replace shop workers, market watchers said Wednesday. On Tuesday, Korea Seven Co., the operator of convenience store chain 7-Eleven in South Korea, introduced a robot that allows customers to pay with [...]