Retail Archives | Page 2 of 9

Home / Posts tagged Retail (Page 2)

Retail Sector’s AI Evolution: From Search and Recommendation to Autonomous and Hyper-Personalized Services

SEOUL, Feb. 19 (Korea Bizwire) – The utilization of Artificial Intelligence (AI) in the retail industry is advancing beyond basic search functionalities, personalized recommendations, and chatbot consultations, towards unmanned and hyper-personalized services. According to recent industry reports, a competitive race in AI development and application is unfolding across various sectors, including e-commerce, department stores, supermarkets, convenience [...]

Over 400,000 Sales and Retail Jobs Vanish in South Korea Amid Online Shopping Boom

SEOUL, Jan. 30 (Korea Bizwire) – The landscape of South Korea’s job market has shifted dramatically over the last decade, with a significant decline in the number of sales and retail positions, largely due to the growing dominance of online shopping over traditional stores. This shift has led to a noticeable reduction in personnel within the [...]

Retail Sales Up 5.9 pct in July on Growing Outdoor Vacation Activities

SEOUL, Aug. 29 (Korea Bizwire) — Retail sales in South Korea rose 5.9 percent on-year in July as more people enjoyed outdoor activities for summer vacation amid eased antivirus curbs, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.73 trillion won (US$11.12 billion) last month, compared [...]

Retail Sales Up 8 pct in February amid Return to Pre-pandemic Normalcy

SEOUL, March 28 (Korea Bizwire) — Retail sales in South Korea grew 7.9 percent on-year in February on rising demand for fashion, tourism and other items as people increasingly adapted to post-pandemic life amid eased antivirus restrictions, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 13.1 [...]

Retail Sales Up 4 pct in January on Growing Online Demand

SEOUL, Feb. 27 (Korea Bizwire) — Retail sales in South Korea grew 4 percent on-year in January, though offline retailers saw their sales fall due to the New Year’s holiday and amid an economic slowdown, data has showed. The combined sales of 25 major offline and online retailers came to 14.7 trillion won (US$11.19 billion) [...]

Retail Sales Up 8.4 pct in November on Major Promotion Events, World Cup

SEOUL, Dec. 29 (Korea Bizwire) — Retail sales in South Korea grew 8.4 percent on-year in November on the back of major shopping events and growing demand for foodstuff and other items during the World Cup, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers came to 14.8 trillion [...]

Retail Sales Up 7.3 pct in October on Growing Outdoor Activities

SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]

Retail Sales Up 7.5 pct in September amid Growing Outdoor Activities

SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]

Retail Sales Up 15.4 pct in August amid Eased Virus Curbs

SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]

Retail Sales Up 9.7 pct in July amid Eased Virus Curbs

SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won (US$10.48 billion) last month, compared with 12.9 [...]