SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]
SEOUL, July 14 (Korea Bizwire) – South Korean discount retailer E-mart said Thursday that it will open its first store in Mongolia later this month as part of efforts to expand presence overseas. The new branch will be opened in central Ulaanbaatar on July 28 and be the country’s first large discount chain that will [...]
SEOUL, July 8 (Korea Bizwire) – Hypermarkets, which offer a wide range of products under one roof, once prospered in Korea. Recently, however, sales growth has stagnated with a rapid change in consumer behavior. According to industry watchers, hypermarkets in Korea anticipated high growth this year, following poor performance in 2015 from widespread public fear [...]
SEOUL, June 7 (Korea Bizwire) – Emart officially launched a ‘No Brand’ cola Tuesday. The No Brand product is 49 percent cheaper than similar existing beverages, and its 355ml cans are larger than the conventional (in Korea) 250ml. A six-pack sells for 2,580 won ($2.20). Emart conducted multiple blind taste tests to find the flavors best suited [...]
SEOUL, May 25 (Korea Bizwire) – In an effort to adapt to mobile shopping trends, Emart revealed Monday that it will start offering O2O (online-to-offline) services on May 26. The retailer will offer mobile product information, scan-delivery service, and a pilot operation of location-based service at its Seongsu branch. Emart’s mobile product information allows customers to [...]
SEOUL, May 18 (Korea Bizwire) – On May 17, Emart reported that its online sales had increased by more than 50 percent compared to last year, as a result of the company’s ‘Ultimate Lowest Price’ project. Under this initiative, certain products are sold at prices lower than those found at both offline and online markets. [...]
SEOUL, May 3 (Korea Bizwire) — E-mart is straying from its traditional hypermarket business strategy in an effort to seek further growth. The company is opening up smaller-scale brick and mortar stores, and allocating its private brand (PB) products to other supply channels. “Hypermarkets are currently stuck at lower growth rates, and we’re trying to secure [...]
SEOUL, May 2 (Korea Bizwire) — The Korean government announced that it will re-examine potential health damages to the respiratory system and other organs from humidifier disinfectants. The Ministry of Environment’s Humidifier Disinfectant Investigations Committee revealed that it will study the possibility of rhinitis, bronchitis, and other potential non-pulmonary damages resulting from humidifier disinfectants, and [...]
SEOUL, March 16 (Korea Bizwire) – Recent data shows that sales of laundry soap bars has increased at large discount stores in an era when the penetration rate of washing machines is virtually 100 percent. According to the discount store Emart, total sales of detergent decreased by nine percent year over year as of March, [...]
SEOUL, March 8 (Korea Bizwire) – With Me, the convenience store managed by Shinsegae group, announced that they opened a new store in the SUM Market located in the Samsung-dong building of SM Entertainment. The 1,161st With Me store showed record breaking sales, for the number of sales were 2.5 times higher than the average [...]