outlets Archives | Be Korea-savvy
Discount Stores Adopt Region-specific Approach to Attract Customers

Discount Stores Adopt Region-specific Approach to Attract Customers

SEOUL, May 1 (Korea Bizwire) — South Korea’s discount store chains are going all-out to attract customers through region-specific store strategies. Lotte Mart remodeled 22 of its 111 stores nationwide in this format and opened them on a gradual basis during the 2021-2022 period. For instance, many couples with young children reside around Cheongna International [...]

Large Discount Store Chains See Renovations as Cure for Underperforming Outlets

Large Discount Store Chains See Renovations as Cure for Underperforming Outlets

SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s large discount store chains are shifting strategy from shutting down underperforming outlets towards ramping up their competitiveness through renovations. Lotte Mart, the hypermarket chain operated by retail giant Lotte, is planning to renovate about 20 to 30 outlets this year, according to industry sources. For the renovated [...]