SEOUL, May 25 (Korea Bizwire) — After a successful exhibition of the yellow rubber duck in Korea, 1600 paper-mache pandas have finally arrived in Korea, and will be exhibited around the nation until July. On May 25, Buddha’s Birthday, the pandas was installed at Gangnam Station’s M Stage. The 1600 bears have been traveling around the [...]
SEOUL, April 27 (Korea Bizwire) – Online retailer Lotte.com’s ‘Smart Pick,’ a service which enables its customers to pick up ordered items from 30 Lotte Department Store branches around the nation, has been most appreciated by male and female Koreans in their thirties, said the company on April 26. According to a company report, customers [...]
SEOUL, April 21 (Korea Bizwire) – As more Koreans are starting to enjoy homemade coffee at reasonable prices, coffee machine sales are steadily increasing. Popular models include capsule-type machines, which stand out for their simple operation. Lotte Department Store has six brands of coffee machines on offer since 2009, including Nespresso, Dolce Gusto, illy, Cremesso, [...]
SEOUL, April 9 (Korea Bizwire) – The deepening economic stagnation has clearly shown the disparity between consumption patterns. As expenditures from the middle and lower classes decrease, retailers are targeting the upper class to attract more spending. Due to the prolonged economic slump, members of the middle and lower classes have been reluctant to open [...]
SEOUL, April 8 (Korea Bizwire) – It is commonly known that the department stores are the exclusive domain of women. However, the fact is that Korean men also enjoy shopping at luxurious stores, and their numbers are increasing. In addition, as more women are turning to overseas direct purchases or online shopping malls, retail giants [...]
SEOUL, April 8 (Korea Bizwire) — Despite an economic slowdown, sales of luxury products in South Korea soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands, data showed Wednesday. Lotte Department Store saw sales of luxury products jump 15.7 percent on-year in the January-March period, with sales of [...]
SEOUL, March 31 (Korea Bizwire) — South Korea’s No. 1 air carrier Korean Air saw its local brand value nosedive this year following last year’s “nut rage” case that outraged the nation’s public, a survey showed Tuesday. Brandstock, a South Korean market researcher that determines rankings of the top 100 local brands, said in its latest [...]
SEOUL, March 19 (Korea Bizwire) – South Korean retailers and furniture makers are turning to the homeware business, a nascent industry awakened by the local opening of Swedish furniture giant IKEA that promises big growth ahead as South Koreans begin to renovate and decorate their aging homes. Over the past year, a handful of homeware stores [...]
SEOUL, March 11 (Korea Bizwire) – It has been reported that more and more middle-aged Koreans are commemorating Valentine’s Day and White Day. According to Lotte Department Store, which analyzed last year’s purchase patterns for customers living in the Busan area, more people in their 40s and 50s purchased chocolates and candies compared to five years ago. [...]
SEOUL, March 11 (Korea Bizwire) — A famous rubber duck gained immense popularity in Korea between October and November 2014, but what happened to the giant pile of yellow polyvinyl that was nothing more than industrial waste? Lotte Department Store brought new life to the waste by ‘upcycling‘ the polyvinyl, in collaboration with design group [...]