retailers Archives | Be Korea-savvy
No Panic Buying for Korean Consumers Despite Stricter Social Distancing Measures

No Panic Buying for Korean Consumers Despite Stricter Social Distancing Measures

SEOUL, Dec. 1 (Korea Bizwire) — Despite stronger social distancing measures being rolled out in South Korea resulting from the spread of the COVID-19 pandemic, local consumers are showing signs of no panic buying with sales at online shopping malls growing at a marginal rate. Shinsegae Co.’s integrated online shopping mall SSG.COM said that its [...]

Retail Giants’ Sales Dip Over 2 tln Won This Year amid Pandemic: Poll

Retail Giants’ Sales Dip Over 2 tln Won This Year amid Pandemic: Poll

SEOUL, Oct. 19 (Korea Bizwire) — Combined sales by South Korea’s retail giants are estimated to have declined more than 2 trillion won (US$1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry leader Lotte Shopping and its rivals Shinsegae and Hyundai [...]

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 [...]

Small Merchants, Retailers Hit by Resurgence in Virus Cases

Small Merchants, Retailers Hit by Resurgence in Virus Cases

SEOUL, Aug. 19 (Korea Bizwire) — Small merchants and local retailers are facing another business setback as South Korea’s stricter social distancing, adopted following a spike in new coronavirus infections, could prompt people to refrain from visiting restaurants and other offline outlets. South Korea has reported nearly 1,300 new cases of COVID-19 in the past [...]

Retailers Speed Up Introduction of Automated Checkout

Retailers Speed Up Introduction of Automated Checkout

SEOUL, July 24 (Korea Bizwire) — With the coronavirus pandemic increasing demand for so-called ‘untact’ consumption, retailers are scrambling to introduce unmanned checkout services. E-Mart Inc., South Korea’s largest discount store chain by sales, currently operates some 700 unmanned checkout kiosks across 110 stores, or 78 percent of all E-Mart stores nationwide. After first introducing [...]

Subscription Models, Another Way Out for Slump-hit Retailers amid Contactless Trend

Subscription Models, Another Way Out for Slump-hit Retailers amid Contactless Trend

SEOUL, July 9 (Korea Bizwire) — Jung Se-hee, a 40-year-old office worker, recently bought a one-month mobile voucher offered by Burger King. It allows her to buy 30 cups of Americano for 4,900 won (US$4.11), a real steal as the price tag translates to just 170 won for a cup of coffee. “I started it [...]