SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s retail industry is rapidly expanding its private brand (PB) business, pushing beyond food and household goods into clothing, new digital platforms, and even overseas markets, as companies from convenience stores to hypermarkets and e-commerce firms compete to strengthen profitability and brand identity. According to BGF Retail, operator [...]
SEOUL, May 14 (Korea Bizwire) – Just like the rest of the world, Korea is suffering from a prolonged economic downturn. Like societies elsewhere, Koreans and their businesses are adapting and adjusting to what is starting to be accepted as a new economic reality. To begin with, there has been a clear shift in [...]
SEOUL, May 14 (Korea Bizwire) — As large retailers are suffering from negative growth, private brands (PB), or private labels (PL) are offering a ray of sunshine to retailers, as sales of PB goods have increased 20 to 30 percent in the first quarter compared to the same period last year. PB goods are usually 20 [...]