Retail Archives | Be Korea-savvy
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 [...]

Retail Sales Up in Sept. on Strong Performance of Online Shops

Retail Sales Up in Sept. on Strong Performance of Online Shops

SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]

Retail and Delivery Businesses Jump into Each Other’s Markets

Retail and Delivery Businesses Jump into Each Other’s Markets

SEOUL, Oct. 5 (Korea Bizwire) — As so-called ‘untact’ or contactless consumption is on the increase amid the coronavirus pandemic, the lines that once stood between the retail and delivery sectors are disappearing as market players are jumping into each other’s territories. Delivery Hero Stores Korea, a subsidiary of Germany-based online delivery service provider Delivery [...]

Retail Sales Up 4.4 pct in July on Online Sales of Groceries amid Pandemic

Retail Sales Up 4.4 pct in July on Online Sales of Groceries amid Pandemic

SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.46 trillion [...]

Retail Sales Up 4.6 pct in June on Strong Online Demand

Retail Sales Up 4.6 pct in June on Strong Online Demand

SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]

Retail Sales Up 2 pct in May on Higher Demand for Online Shipping

Retail Sales Up 2 pct in May on Higher Demand for Online Shipping

SEOUL, June 29 (Korea Bizwire) — Retail sales in South Korea increased 2 percent in May from a year earlier as people purchased more sanitary items and foodstuffs through online platforms in the face of the new coronavirus pandemic, data showed Monday. The combined sales of 26 major offline and online retailers reached 11.63 trillion [...]

Retail Sales Suffer Sharp Decline in March as Virus Hits Offline Stores

Retail Sales Suffer Sharp Decline in March as Virus Hits Offline Stores

SEOUL, April 28 (Korea Bizwire) — Retail sales in South Korea fell in March as people refrained from visiting offline stores amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 10.89 trillion won (US$8.87 billion) last month, down 3.3 percent from 11.26 trillion won a [...]

Retailers May Suffer Greater from New Coronavirus than MERS

Retailers May Suffer Greater from New Coronavirus than MERS

SEOUL, Feb. 10 (Korea Bizwire) — The South Korean retail industry may suffer larger losses from the novel coronavirus than the Middle East Respiratory Syndrome (MERS) in 2015, analysts said Monday, citing the new virus’ high rate of infection and tightened quarantine efforts. “The new coronavirus may have a lower fatality rate compared with MERS, [...]