SEOUL, April 28 (Korea Bizwire) – The decline of the retail industry – that is, the brick-and-mortar portion of the market – is no secret. In the U.S., major retailers have shuttered hundreds of stores over the past decade, including Sears and Kmart, which saw their numbers drop from some 3,800 to 1,430 stores over [...]
SEOUL, March 25 (Korea Bizwire) – Nearly half of all Koreans are expected to reduce their consumption this year compared to last year, hinting that the retail and food service industries which suffered stagnant sales and reduced profits due to the sluggish economy last year will have to endure more hard times. According to market [...]
![[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push](http://koreabizwire.com/wp/wp-content/uploads/2014/08/Lotte-Vice-Chairman-Shin-Dong-bin.jpg "[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push")
“To keep up with ever-changing consumer demands, we should harness the omni-channel strategy, with which we can seek for an opportunity to grow continuously.” “As Lotte Group has been a multi-channel retailing brand, we should put forth our utmost efforts to get over the limitations we are faced with. We ought to get a grasp [...]