South Korea
South Korea retail sales climbs 4.7% in February
South Korea retail sales climbs 4.7% in February
Online sales during the month offset the decline seen in offline sales.
Korea Seven’s takeover of Ministop Korea clinches regulator approval
The approval is expected by the regulator to spur three-way competition in the market.
Una Brands, KlickBrands commit US$100m to South Korea’s e-commerce market
This could benefit profitable e-commerce brands in health, K-beauty, baby, and pets amongst others.
South Korea retail sales show sign of recovery: report
Fitch noted the country posted growth as high as its pre-pandemic levels.
South Korea household spending to rise by 3.4% in 2022
Consumer spending will exceed pre-pandemic levels, according to Fitch Solutions.
Online shopping in South Korea up nearly 16% in December 2021
Transactions stood at KRW18.41t, Statistics Korea reported.
Breitling opens largest flagship store in South Korea
The two-storey Breitling Townhouse in Hannam includes a restaurant and café.
South Korea’s e-commerce firms expand luxury goods service
SSG.com has expanded deliveries, while Lotte ON has rolled out repair services.
Lotte Group acquires entire stake in Ministop Korea for $263m
Lotte will take over 2,600 Ministop stores across South Korea.
South Korea’s retailers boosted by private brand products
The high inflation in the country has led to a boost in sales in cheaper private brands.
South Korea’s retailers pour investment to secondhand marketplaces
The used goods market has seen rapid growth in the past decade.
CU launches 50th convenience store outlet in Malaysia
The company is targeting to open more than 500 stores in Malaysia in five years.
South Korea sees retail recovery in 2021
E-commerce quickly gained market share in recent years.
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.
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This 11.11, the real battle lies in shopper confidence – not the biggest discount