SEOUL, April 6 (Korea Bizwire) — To better cope with the changing face of the retail market, super supermarket (SSM) chains are strengthening their fresh food sections and launching near-distance delivery services. Homeplus Express, run by South Korean hypermarket chain operator Homeplus Co., transformed about one third of its roughly 300 outlets nationwide to ones [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korean retailers are ramping up mobile efforts as the popularity of mobile shopping continues to grow. Shinsegae International Inc., the apparel arm of retail giant Shinsegae, opened seven special category sections, including its in-house daily necessity brand Jaju, on the mobile screen of its luxury shopping platform S.I. [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean retailers are introducing a string of eco-friendly products, including bottled water with no labels, and plastic cup coffee without a straw. On Tuesday discount store chain Lotte Mart released two types of its own private-label brand (PB) bottled water that have no label on the bottle – [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean retailers are competing over same-day delivery as the coronavirus pandemic drags on. Demand for same-day delivery has been increasing among double-income households as it allows them to receive any delivery if ordered two or three hours before they get off work. The hypermarket chain Lotte Mart reported [...]
SEOUL, Jan. 4 (Korea Bizwire) — Customer satisfaction guarantees offering full refunds are spreading among South Korean retail industry. Based on judgment that an aggressive refund policy could contribute to attracting more customers, the nation’s major retailers are actively introducing policies guaranteeing satisfaction and promising to offer full refunds to dissatisfied customers. South Korean hypermarket [...]
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 [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korea’s top retailers announced plans to install handles on private-label brand (PB) boxes for easier delivery by staff. Emart, Lotte Mart and HomePlus submitted a new proposal on October 20 to the Ministry of Employment and Labor via the Korea Chainstores Association (KOCA). The labor unions of each [...]
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 [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.6 percent in August from a year earlier due to a sharp rise in online sales amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, [...]
SEOUL, Aug. 31 (Korea Bizwire) — Sales of online stores jumped on the first day on which South Korea imposed stricter social distancing guidelines to stem the spread of the new coronavirus outbreak, retailers said Monday. In a sharp contrast, sales of retail stores plunged as people opted to stay at home and order online [...]