Retail Archives | Be Korea-savvy
Local Supermarkets Struggle While Department Stores Enjoy Revenge Consumption

Local Supermarkets Struggle While Department Stores Enjoy Revenge Consumption

SEOUL, Aug. 2 (Korea Bizwire) — Department stores and shopping malls are seeing a sales recovery following this year’s so-called ‘revenge spending’ trend, but local supermarkets are still struggling to stay afloat. The Korea Small Business Institute (KOSBI) and Statistics Korea reported 43.8 trillion won (US$38.1 billion) in retail sales in May, with department store [...]

Demand for Logistics Warehouses Up, Large-scale Stores Down in COVID-19 Era

Demand for Logistics Warehouses Up, Large-scale Stores Down in COVID-19 Era

SEOUL, March 10 (Korea Bizwire) — In the midst of the rapid growth of the e-commerce market resulting from the COVID-19 pandemic, the demand for logistics warehouses that are needed for storing, loading, unloading and sorting cargo is growing at a healthy pace. The online real estate information provider Real Estate 114 analyzed the cases [...]

Retail Sales Up in Oct. on Pandemic, Promotional Events

Retail Sales Up in Oct. on Pandemic, Promotional Events

SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]

JD.com: Where Technology is Shaping the Future of Retail

JD.com: Where Technology is Shaping the Future of Retail

BEIJING, Nov. 10, 2020 (Korea Bizwire) — Jump on JD.com on Nov. 11 for Singles’ Day (or what many now call “eleven eleven”) and you’ll experience a shopping carnival unlike any other. JD.com has over 417 million active customers. Consumers get an easy-to-use platform and lightning-fast processing of their orders, making it the trusted choice of consumers [...]