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 [...]
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 [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s franchise industry showed a clear sign of polarization by business type last year, a corporate tracker said Wednesday. CEO Score analyzed the change in the number of franchise stores and the financial performance of franchise headquarters over the past three years for the nation’s 233 major franchise [...]
SEOUL, Jul. 9 (Korea Bizwire) — Blue Bottle Coffee Inc. said on Tuesday that it will increase the number of its outlets in South Korea to four this year as it seeks to tap deeper into one of the world’s most competitive coffee markets. The California-based coffee company advanced to Korea in May by opening [...]