SEOUL, Feb. 24 (Korea Bizwire) — With persistent high inflation straining consumer budgets, “off-price” retail (OPR) stores in South Korea are experiencing rapid growth, enticing customers with premium brand clothing at discounts of up to 90%. Originally emerging in early 20th-century America, off-price retail involves purchasing surplus or past-season items directly from brand owners and [...]
SEOUL, Nov. 1 (Korea Bizwire) — CJ Olive Young Corp., the distribution unit of South Korean food-to-cosmetics conglomerate CJ Group, on Wednesday opened a foreigner-focused outlet in Seoul as travelers return to the country after years of the COVID-19 pandemic. CJ Olive Young’s outlet in Myeongdong, central Seoul, underwent a large-scale renewal to serve as [...]
SEOUL, May 24 (Korea Bizwire) – If you’re a motorcycle fanatic, you might want to visit the latest BMW café in Korea. Lotte Department Store’s Premium Outlet in Icheon will open a café where visitors can enjoy the BMW motorcycles on display as well as other accessories such as clothing and helmets. The café is [...]