SEOUL, Aug. 29 (Korea Bizwire) — The South Korean government and large retailers on Thursday agreed to work together to stop using paper receipts that are wasteful and harmful to the environment. At a gathering in Seoul, top policymakers from the finance, science and environment ministries along with representatives from 13 retailers, such as E-Mart, [...]
SEOUL, Aug. 20 (Korea Bizwire) — The rise of the delivery industry is having a big impact on large retailers, forcing them to come up with new logistics services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after introducing the early morning delivery service, which [...]
SEOUL, Jul. 23 (Korea Bizwire) — Large retailers are struggling with the aftereffects of “dawn delivery.” With an increasing number of consumers preferring to have their purchases delivered the morning after they are ordered, related sales are increasing. However, losses are also growing. The main reason behind the losses is packaging expenses. Since most early-morning [...]
SEOUL, Jul. 22 (Korea Bizwire) — Men who lavishly invest in fashion and beauty, so-called ‘grooming men’, have emerged as new flagship customers for the retail industry. Those who open their wallets without hesitation to improve their appearance are working hard to groom themselves, a thought that was unimaginable in the past, with emphasis on [...]
SEOUL, Apr. 18 (Korea Bizwire) — Online retailers in South Korea are scrambling to offer eco-friendly delivery services as environmental awareness is spreading among local consumers. Hello Nature, a South Korean online food market, announced on Wednesday that it will replace all delivery materials with boxes made of recyclable woven polyethylene and ice packs made [...]
SEOUL, Mar. 25 (Korea Bizwire) — A number of fashion and beauty retailers have opened new hybrid stores that house numerous brands in one place, industry sources said Monday. The move is apparently aimed at putting various brands in the same store to lure more customers in a highly competitive environment driven by increasingly price-conscious [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korean retail giants are increasingly introducing automated systems to save their employees time on simple tasks as part of efforts to adapt to a shortened workweek, industry sources said Wednesday. In July last year, South Korea adopted a 52-hour workweek for both private and public firms with 300 [...]
SEOUL, Jan. 24 (Korea Bizwire) — Lotte Department Store reported on Wednesday that it was making use of recyclable or biodegradable packaging for its Lunar New Year gift sets, which are going to be sold until February 4. Lotte also used cooler bags, which can be reused as shopping bags, for its meat set packaging, [...]
DAEGU, Dec. 10 (Korea Bizwire) — With an increasing number of South Koreans preferring to host end-of-year celebrations at home instead of going out, demand for party supplies is soaring. According to E-Mart Inc., wine and cake sales at six stores in Daegu last month rose by 18.9 percent and 16.1 percent, respectively, compared to [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korean retailers are increasingly crossing the boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said Thursday. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is set to open an offline shop for luxury goods sold [...]