Retailers Bet Big on Private-label Brands

SEOUL, Nov. 24 (Korea Bizwire) — South Korean retailers are placing big bets on their own private-label brand (PB) products to take advantage of customers’ growing appetite for low-priced but relatively good quality products. Local retail companies, such as Lotte and Shinsegae Group, began to sell a couple of PB products, including milk, in their [...]