South Korea
Market Kurly rolls out products in Singapore with RedMart
The brand store mostly offers Korean snacks such as tteokbokki.
Market Kurly rolls out products in Singapore with RedMart
The brand store mostly offers Korean snacks such as tteokbokki.
Korea retail sales rises 9.3% in H1 2022
Offline and online retailers saw an 8.4% and 10.3% growth, respectively.
South Korea’s Fresheasy to launch products in Singapore online
The company plans to expand sales in Southeast Asia.
South Korea’s retail sales up 10.1% YoY in May
Sales in department stores and convenience stores rose as social distancing is lifted.
Paris Baguette operator buys full stake in restaurant chain Lina’s
SPC Group plans to expand Lina’s presence to North America and Southeast Asia.
South Korea’s GS25 donates inventory of closed stores
The inventory was sent to a rehabilitation facility for PWDs.
South Korea’s skincare market to reach $11.4b by 2026
This is up from $8.5b in 2021 projected by GlobalData.
South Korea consumer spending to grow 2.8% in 2022: Fitch
Real household spending for 2022 will exceeds pre-pandemic levels.
CU adds nine payment options for SEA customers
This came as CU saw its foreign customers rising back to pre-pandemic levels.
Starbucks Korea opens first subway store in Seoul
It does not have plans to expand to more underground locations.
South Korea’s retail sales grow 10.6% YoY in April
Online and offline retailers posted 11%, and 10.2% growth, respectively.
South Korean retailers expand entertainment space on-site
A Lotte Mart outlet opened a futsal court, whilst a Homeplus store built a swimming pool.
Starbucks Korea vows to recycle all coffee grounds by 2027
Coffee grounds were reclassified as recirculation resources last March.
South Korea’s convenience stores ramp up liquor store openings
CU’s liquor stores enjoy higher alcohol sales than its other stores.
South Korean retailers expectations high as restrictions ease
But there are concerns lifting of social distancing rules could hit large discount stores.
South Korea-based CU opens 200th outlet in Mongolia
The convenience store chain made forays in the market four years ago.
South Korea’s top retailers jump to wine and whisky markets
Lotte and Shinsegae have expressed plans to set up whisky breweries.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. Here are key consumer trends influencing pet care sales in 2024 2. South Korea’s Paris Baguette opens first Philippine store 3. What drives Australia's retail transformation 4. Alternative payments dominate Hong Kong's e-commerce in 2023 5. ZALORA ramps up sustainability amidst rising demand for eco-productsAwards
Jun
11