Shinsegae Department Store Archives | Be Korea-savvy
Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

Sales of Shinsegae Department Store’s Gangnam Branch Surpass 2 tln Won in 2019

SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Department Store, one of South Korea’s leading retailers, said Tuesday that its outlet in Gangnam, an affluent area in southern Seoul, reported 2 trillion won (US$1.7 billion) in accumulated sales last year. It marks the first time for a single department store branch to achieve the milestone, the [...]

Chaebol-Owned Retailers Constitute Bulk of Law Violations

Chaebol-Owned Retailers Constitute Bulk of Law Violations

SEOUL, Sept. 12 (Korea Bizwire) – South Korea’s large retailers affiliated with family-controlled conglomerates, or chaebol, account for more than 60 percent of violations of a related law over the past five years, a report showed Wednesday. The Fair Trade Commission (FTC), South Korea’s antitrust watchdog, detected 48 breaches of the act on fair transactions [...]

Department Stores Poised to Attract Male Customers

Department Stores Poised to Attract Male Customers

SEOUL, April 2 (Korea Bizwire) — South Korean department stores are ramping up efforts to attract male customers, whose growing numbers are changing the retail landscape. According to data from Shinsegae Department Store, male customers, which accounted for 28.1 percent in 2010, now represent just over 34 percent of the major department store’s customer base. Sales [...]

Shinsegae Goes Mobile to Overcome July Sales Slump

Shinsegae Goes Mobile to Overcome July Sales Slump

SEOUL, Jul. 11 (Korea Bizwire) — Shinsegae Department Store is tackling July head on in a bid to boost revenue in what is typically the worst sales month of the year, by launching a series of mobile events and services. The South Korean department store chain announced on Sunday plans to send shopping information to clients [...]

Big Spenders at Department Stores on Rise

Big Spenders at Department Stores on Rise

SEOUL, Dec. 14 (Korea Bizwire) – Customers who spend big at the country’s major department stores jumped this year, industry data showed Wednesday, despite a prolonged economic slump here.  The number of wealthy customers at the four stores — Lotte Department Store, Hyundai Department Store, Shinsegae Department Store, and Galleria Department Store — jumped by [...]

Autumn the New Hot Season for Weddings

Autumn the New Hot Season for Weddings

BUSAN, Oct. 14 (Korea Bizwire) – May is no longer the most favorable month for weddings Korea, recent data shows. Instead, fall has become the most popular season for those tying the knot. Based on Lotte Department Store’s “Wedding Members” data, October saw the highest percentage of weddings at 19 percent in 2015, followed by [...]

Luxury Watch Sales Soar Despite Economic Slowdown

Luxury Watch Sales Soar Despite Economic Slowdown

SEOUL, Dec.7 (Korea Bizwire) – Even through this period of slow economic growth, sales of high-end watches continue to be strong. According to Shinsegae Department Store, sales of luxury watches worth millions have increased over the past two years. In the 23-month period from January 2014 to November 2015, sales of high-end watches increased by [...]