E-Mart Archives | Page 7 of 11 | Be Korea-savvy
Shinsegae to Spend 300 Bln won in Loss-making Convenience Store Business

Shinsegae to Spend 300 Bln won in Loss-making Convenience Store Business

SEOUL, Jul. 13 (Korea Bizwire) — Retail giant Shinsegae said Thursday it will invest 300 billion won (US$263 million) over the next three years to help its loss-making convenience store business cope with the rapidly growing market. Shinsegae, which tapped into the convenience store market in 2014 with an acquisition, has been suffering from losses [...]

E-Mart to Open “No Brand Win-Win Store” at Anseong Traditional Market in July

E-Mart to Open “No Brand Win-Win Store” at Anseong Traditional Market in July

SEOUL, June 9 (Korea Bizwire) – E-Mart revealed on Wednesday the future opening of its “No Brand Win-Win Store” in Anseong Traditional Market in the city of Anseong. The new venture, part of a collaboration with Anseong City, is expected to share retail space with Hwain Mart on the first level of Anseong Traditional Market. On the [...]

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

Lotte Determined to Succeed in Chinese Market Despite THAAD Row

SEOUL, June 7 (Korea Bizwire) – South Korean retail giant Lotte will not be abandoning its businesses in China, which have been reeling from apparent retaliation after the company provided the South Korean government with land for a new THAAD anti-missile system.  A Lotte official in China said Wednesday that “there is no change in [...]

South Korean Trade Commission Taking Supermarkets to Court Over Deceptive ‘Buy One Get One Free’ Deals

South Korean Trade Commission Taking Supermarkets to Court Over Deceptive ‘Buy One Get One Free’ Deals

SEOUL, May 9 (Korea Bizwire) – The Korea Fair Trade Commission (FTC) is mounting a legal challenge against South Korean retail giants including E-mart, Lotte Mart, and Homeplus over their misleading ‘buy one, get one free’ deals, after reports emerged accusing the supermarket chains of doubling the original price of products to deceive consumers. The FTC [...]

Another Victim of THAAD Woes: E-Mart to Exit China

Another Victim of THAAD Woes: E-Mart to Exit China

SEOUL, May 4 (Korea Bizwire) – E-Mart Inc., South Korea’s largest discount outlet chain by revenue, is closing down its business in China two decades after it first entered the country, the company said Tuesday, as widening losses and worsening business conditions stemming from a diplomatic standoff have left the company with little leeway for [...]

Cards Used More Than Cash at CVS

Cards Used More Than Cash at CVS

SEOUL, April 24 (Korea Bizwire) – Cash payments fell to less than half of all payments at a major convenience store chain in 2016 as a growing number of people used credit, debit and other cards, the chain said Sunday. It is the first time that card payments have exceeded 50 percent of the total at any convenience store chain, CU said. Card payments at CU outlets rose to [...]