retailers Archives | Be Korea-savvy

Home / Posts tagged retailers

Retailers Turn to Character IP as Competition for Differentiation Intensifies

SEOUL, Nov. 17 (Korea Bizwire) — South Korean retailers are increasingly turning to character-based intellectual property to differentiate products and drive sales, with convenience stores and department stores intensifying competition through collaborations with popular global and domestic characters. According to industry data released Friday, convenience stores saw sharp sales gains during this year’s Pepero Day shopping [...]

Retailers Target Global Shoppers Ahead of Black Friday and Singles’ Day

SEOUL, Oct. 28 (Korea Bizwire) — South Korean retailers are gearing up for a surge in global shopping demand next month, timing major overseas promotions with U.S. Black Friday and China’s Singles’ Day as they seek to capture more spending from international consumers. W Concept, operated by Shinsegae, will run a two-week “W Week” promotion on [...]

Retailers Struggle Amid Sluggish Domestic Demand; Lotte Gains on Overseas Growth, E-Mart Surges

SEOUL, May 13 (Korea Bizwire) — South Korea’s department store sector suffered a difficult first quarter as sluggish domestic consumption weighed heavily on sales and profits, with only Lotte Department Store managing to post a notable profit boost, thanks to strong performance in overseas operations and internal restructuring efforts. According to industry data released Tuesday, Lotte [...]

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 5.7 pct in H1 on Lifting of Anti-COVID-19 Curbs

SEOUL, July 26 (Korea Bizwire) — Retail sales in South Korea rose 5.7 percent on-year in the first half of this year amid eased antivirus curbs and people’s growing outdoor activities, the industry ministry said Wednesday. The combined sales of 25 major offline and online retailers came to 85.4 trillion won (US$66.76 billion) during the [...]

S. Korean Retailers on High Alert as WHO Considers Aspartame Carcinogen

SEOUL, July 13 (Korea Bizwire) — South Korea’s retail industry is on alert with anticipation of the World Health Organization (WHO) designating aspartame as a carcinogen. Discount retailer Emart Inc. plans to replace the current artificial sweetener used in its five varieties of No Brand zero-calorie cola and sparkling ade, as well as its six [...]

Retail Industry Expands Paid Membership Benefits to Attract Loyal Customers

SEOUL, June 9 (Korea Bizwire) — South Korea’s retail industry is expanding benefits for paid membership customers in order to increase the number of loyal customers and secure profitability. Shinsegae Group on Thursday unveiled the Shinsegae Universe integrated membership service, which includes six online and offline affiliates such as E-Mart and Starbucks. Shinsegae plans to [...]

Offline Retailers Offering a Diverse Assortment of Consumer Goods amid Online Commerce Expansion

SEOUL, June 5 (Korea Bizwire) — South Korea’s offline retail industry is actively pursuing a breakthrough as a lifestyle platform amidst the continuous expansion of online commerce. Leading health and beauty (H&B) store operator CJ Olive Young recently introduced separate liquor sales counters at major outlets, including Gangnam and Euljiro in Seoul. Initially, CJ Olive [...]

Retail Sales Up 4 pct in April on Outdoor Activities, Shopping Events

SEOUL, May 30 (Korea Bizwire) — Retail sales in South Korea rose 4 percent on-year in April on the back of people’s growing outdoor activities and various promotional events by major discount stores, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.08 trillion won (US$10.67 billion) [...]

Food Industry Braces for Impact as Contaminated Water Discharge Looms

SEOUL, May 25 (Korea Bizwire) — After an on-site inspection of Fukushima’s contaminated water conducted by a team that excluded civilian experts, concerns have arisen regarding Japan’s push to resume seafood imports from Fukushima. The verification of the contaminated water is nearly impossible, making it highly likely that Japan’s next move will involve lifting the [...]