SEOUL, March 3 (Korea Bizwire) – South Korea’s retail giants, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver, industry watchers said Thursday. The country’s three major retail conglomerates – Shinsegae Group, Lotte Group [...]
SEOUL, March 2 (Korea Bizwire) – Emart has announced that it will launch private brand products created in collaboration with SM Entertainment. The products will be sold at Emart Mall and 140 Emart stores nationwide from March 3. The new products include EXO Jajangmyeon (jajang-flavored instant noodles), Super Junior Habanero Ramen Noodles, TVXQ Truffle Rose [...]
SEOUL, Feb.29 (Korea Bizwire) – Retailers are biting their nails with news spreading quickly that herbicides have been detected in 14 popular German beers. The timing couldn’t have been worse, as the popularity of imported beer is soaring at large discount stores and convenience stores. According to those in distribution industry, domestic retailers are checking [...]
SEOUL, Feb.28 (Korea Bizwire) – With price wars between large discount stores and social commerce sites heating up, baby formula is in the limelight. As formula is being purchased more frequently through online sites, the share of offline sales is rapidly falling. This is the main reason why large discount stores such as Emart and [...]
SEOUL, Dec.3 (Korea Bizwire) – While sales of domestic beer are declining at large supermarkets, foreign beer sales are rising rapidly. According to Emart, a large retailer, sales of domestic canned beer and PET bottled beer from January to November fell 2.2 percent and 6.4 percent respectively compared to the same period last year, but [...]
SEOUL, Sept. 10 (Korea Bizwire) – As Homeplus has changed ownership from England’s Tesco to the all-Korean MBK Partners, the company seems to be planning an aggressive revamp of its business practices with a focus on improvements. This could lead to severe competition in the industry. Considering the past, MBK might try to elevate the [...]
SEOUL, Aug. 10 (Korea Bizwire) – Usually, the most popular kind of ramen in the summer is cold spicy noodles, but this year, Jajang ramen is in high demand. Due to its popularity, sales of ramen noodles, which have dropped over the past few years, are rebounding. According to Emart, even when the domestic market [...]
SEOUL, Aug. 7 (Korea Bizwire) – Emart announced that they will start an innovative campaign to obtain a competitive edge in the large discount store business. Jung Yong-jin, vice-president of Shinsegae Group, posted the news on his Facebook account. “The new Emart will have to think about ways to give people a reason to come to [...]