retail industry Archives | Be Korea-savvy
Mini-packaged Goods and Discount Services Gain Popularity in Retail Industry

Mini-packaged Goods and Discount Services Gain Popularity in Retail Industry

SEOUL, June 21 (Korea Bizwire) — Mini-packaged goods are selling well at large discount stores and the number of subscription coupon users is increasing for convenience stores as inflation woes persist. Discount store chain Homeplus saw the share of mini-packaged fisheries products sold during the period from June 1 to 15 mark a 20-fold increase [...]

Post-pandemic Expectations High in Retail Industry as Social Distancing Measures Lifted

Post-pandemic Expectations High in Retail Industry as Social Distancing Measures Lifted

SEOUL, April 19 (Korea Bizwire) — With the government lifting all social distancing rules, effective from Monday, expectations for a return to normal life and an increase in consumption are high in the retail industry. Lotte Department Store, South Korea’s biggest department store chain, plans to launch post-pandemic promotions in late April, as well as [...]

Virus Outbreak Has No Imminent Impact on Korean Retail Sector, Yet on Preemptive Alert

Virus Outbreak Has No Imminent Impact on Korean Retail Sector, Yet on Preemptive Alert

SEOUL, Jan. 31 (Korea Bizwire) — While most people were wearing facial masks in Myeongdong — one of Seoul’s most popular shopping districts — streets were far from deserted. The one-square-kilometer area was still vibrant, with shops ranging from K-beauty brands to duty-free shops that were crowded with foreign tourists and locals. So far, South [...]

Retail Industry Welcomes ‘Petfam’ Marketing with Open Arms

Retail Industry Welcomes ‘Petfam’ Marketing with Open Arms

SEOUL, Dec. 13 (Korea Bizwire) — With the growing number of “petfam” South Koreans who regard their companion animals as family members, the retail industry is also keen on various marketing campaigns to target this new demographic. Lotte Home Shopping Inc., a shopping unit of retail conglomerate Lotte, will present a unique mobile live broadcast [...]

Heat, Tropical Nights Trigger Changes in Spending Patterns

Heat, Tropical Nights Trigger Changes in Spending Patterns

SEOUL, Aug. 5 (Korea Bizwire) — The sizzling summer temperatures and tropical nights are having an effect on the spending patterns of consumers. More and more consumers are shopping at night or in the evening, when the weather is relatively cool. In addition, an increasing number of consumers are placing orders online. Hyundai Department Store [...]

‘Grooming Men’ Big Players in the Retail Industry

‘Grooming Men’ Big Players in the Retail Industry

SEOUL, Jul. 22 (Korea Bizwire) — Men who lavishly invest in fashion and beauty, so-called ‘grooming men’, have emerged as new flagship customers for the retail industry. Those who open their wallets without hesitation to improve their appearance are working hard to groom themselves, a thought that was unimaginable in the past, with emphasis on [...]