retailers Archives | Be Korea-savvy
Retail Giants’ Q2 Profits Tipped to More than Halve over Pandemic

Retail Giants’ Q2 Profits Tipped to More than Halve over Pandemic

SEOUL, June 18 (Korea Bizwire) — South Korea’s major retailers are expected to see their operating profits more than halve in the second quarter amid the new coronavirus pandemic, a poll showed Thursday. The combined operating profits of Lotte Shopping Co., Shinsegae Inc., E-Mart Inc. and Hyundai Department Store Co. are estimated to be 60.3 [...]

Livestreaming Platform, Another Alternative Tool for Retailers in ‘Non-contact’ Era

Livestreaming Platform, Another Alternative Tool for Retailers in ‘Non-contact’ Era

SEOUL, May 26 (Korea Bizewire) — Beset by falling revenues amid the new coronavirus pandemic, South Korean retailers have been struggling to stay afloat by expanding the online sales business amid the non-contact trend. Now, they are further going online by taking the note of livestreaming shopping tools in a bid to woo more customers. [...]

Retailers May Suffer Greater from New Coronavirus than MERS

Retailers May Suffer Greater from New Coronavirus than MERS

SEOUL, Feb. 10 (Korea Bizwire) — The South Korean retail industry may suffer larger losses from the novel coronavirus than the Middle East Respiratory Syndrome (MERS) in 2015, analysts said Monday, citing the new virus’ high rate of infection and tightened quarantine efforts. “The new coronavirus may have a lower fatality rate compared with MERS, [...]

Retailers in S. Korea Close Outlets Due to New Coronavirus

Retailers in S. Korea Close Outlets Due to New Coronavirus

SEOUL, Feb. 3 (Korea Bizwire) — A string of major retailers, including duty-free shops and hypermarket chains, across the country have temporarily shut down some of their stores, industry sources said Monday, stoking concerns that China coronavirus outbreak could affect consumer confidence in the sector. Shilla Duty Free, one of the country’s leading duty-free operator, [...]

Retail Industry Gearing Up for 2020 with ‘White Rat’ Marketing Strategy

Retail Industry Gearing Up for 2020 with ‘White Rat’ Marketing Strategy

SEOUL, Jan. 2 (Korea Bizwire) — As the 2020 is the Year of the White Rat on the Chinese zodiac calendar, retailers are expected to present related products and hold special promotional events. Emart24, Shinsegae Group’s convenience store chain, will begin selling white mouse-shaped marshmallows made by the German company Aseli from Saturday. Furthermore, Shinsegae [...]