SEOUL, Nov. 23 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Thursday its beauty brand will open a store in Saudi Arabia next year, as the retailer attempts to expand its presence in the overseas market. The company said it signed an agreement with the Middle Eastern country’s major retail group [...]
SEOUL, Nov. 21 (Korea Bizwire) – As November 24 or “Black Friday” inches closer, local retailers are rolling out limited time discounts in what is expected to be a boom year for overseas direct purchases. Overseas direct purchasing companies enable customers to procure goods at local prices and have their products shipped directly to their [...]
SEOUL, Oct. 25 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Wednesday it will open another store inside a traditional market in Seoul later this year, as it attempts to meet growing calls for a mutual growth with mom-and-pop shops. E-Mart’s No Brand, a chain dedicated to selling its private-label products [...]
SEOUL, Oct. 17 (Korea Bizwire) — Criticism of the government continues among South Korean consumers over arbitrary retail regulations that are causing inconvenience and discouraging local consumption despite their original intention of creating a business environment where both traditional markets and retail giants could coexist. With the rapid growth of supermarket giants, mandatory store closings [...]
SEOUL, Oct. 10 (Korea Bizwire) — Traditional markets with stores run by E-Mart Inc., the country’s largest discount chain operator, have been witnessing an increase in the number of customers, signaling the possibility of the co-prosperity of giant retailers and mom-and-pop shops, industry sources said Tuesday. E-Mart operates stores dedicated to selling its private-label No [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s large retailers posted solid sales ahead and during this year’s Chuseok holiday helped by all out marketing efforts to attract customers, industry sources said Monday. Data provided by local retailers showed double digit growth by some companies as the country celebrated the longest holiday in decades. Chuseok, [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s hypermarket chain E-Mart has reached a deal to sell off five of its six remaining stores in China effectively ending its 20-year presence in the market, industry sources said Sunday. Sources in the retail investment banking sector said E-Mart inked an agreement with Thailand’s CP Group to hand over the stores in Shanghai pending approval from Chinese regulators. They [...]
SEOUL, Sept. 11 (Korea Bizwire) – South Korean retail businesses are on a collision course with the government following a series of regulations recently imposed on an already struggling industry amid a long-term national economic slump. Hit by a lack of consumer confidence and sluggish economic growth, the retail industry is decrying new regulations put in [...]
SEOUL, Aug. 22 (Korea Bizwire) – In the wake of South Korea’s pesticide egg scandal, popular unrest and indignation has fomented a change in attitudes that may not have been possible in ordinary times. As of the date of this article, none other than the president has spoken out about the need for reform. Reform [...]
SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]