South Korea
Coupang raises service charge to cut losses
But an analyst fears that this will fall short of reaching profitability.
Coupang raises service charge to cut losses
But an analyst fears that this will fall short of reaching profitability.
South Korean retailers get into upcycling initiatives
Hyundai Department Store is selling bags made from its old banners.
Starbucks Coffee bans disposable cups in Jeju Island
The company has set up 26 return slots for multi-use cups.
Korea’s first Western-style restaurant shuts down
Its location is expected to be renovated to make way for a haute restaurant complex.
South Korea dominated AliExpress’ Black Friday sales
The volume of parcels shipped to South Korea was the highest amongst all countries.
Emart24 rolls out emergency detection system in unmanned store
The system can detect customers collapsing or signs of property damage.
South Korean cafe A Twosome Place sold to Carlyle Asia Partners
The buyer is looking to strengthen the brand and optimize its store footprint.
South Korean retailers launch marketing blitzes to woo outdoor enthusiasts
Sales of outdoor activity products have been rising among retail giants.
Metaverse palatforms in vogue amongst South Korean retailers
CU’s BGF Retail and Lotte Department Store have expressed plans to host virtual events.
Starbucks Korea limits mobile order after employee complaints
Its staff protested last October over heavy workloads during marketing events.
South Korea’s online grocer Market Kurly mulls local IPO
The IPO is slated for the first half of next year.
Regulator greenlights E-Mart’s purchase of eBay Korea
The Fair Trade Commission believes the approval will spur competition in the retail sector.
Starbucks Korea probed over unregistered pre-paid cards
The company was criticised for hiding pre-paid charges from financial supervision.
South Korea’s online brands expand to physical stores
The stores were designed to appeal to the younger generations.
Coupang faces allegations of manipulating employees’ work hours
Korean laws forbid workers from working more than 52 hours per week.
Starbucks Korea employees mull protests over workload
The wave of customers from regular giveaways may have caused complaints amongst staff.
Coupang allegedly risks data breach by storing user data in China
The company argued its Chinese subsidiary does not store personal data.
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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. Gamification boosts retailer loyalty programmes 2. Gen Z's complex consumer behavior challenges businesses: Euromonitor 3. Here's why global apparel and footwear sales growth have slowed 4. Levi's opens first store in Dhaka, Bangladesh 5. Carlsberg Asia, Grab partner to elevate beer consumption experienceAwards
Jun
11