South Korea Retail
Online sales drive South Korea’s 4% retail growth in January
The country’s offline sales dipped by 0.5%.
South Korean restaurants feel the pinch of surging delivery costs
Higher demand for food delivery workers has ramped up the cost of labour in the industry.
Convenience stores go green in South Korea
Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.
Market Kurly operator postpones planned IPO
The company plans to push through with public listing ‘at an optimal moment.’
South Korea's department stores reduce VIP benefits
Analysts said VIP customers surged amidst a spike in luxury consumption.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
South Korean retailers offer low-price cakes ahead of Christmas
Some are providing discount benefits for pre-orders.
South Korea's small stores lag behind big department stores in sales
Small supermarkets and groceries only saw a 0.4% sales growth.
Instant coffee to boost South Korea’s hot drinks market
It is projected to be valued at $5b in 2026.
South Korea’s retail sales grow by 9.7% in July
This is due to the increase in outdoor activities.
South Korea’s convenience stores bring out rare gift sets for Chuseok
These gifts include high-end liquor sets, electric vehicles, and electronics.
Consumer spending in South Korea to grow 2.8% in 2022
Household spending is expected to reach KRW793.9t during the year.
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.
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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. Carlsberg Asia and Grab partner to elevate beer consumption experience 2. Levi's opens first store in Dhaka, Bangladesh 3. 6 in 10 Gen Zs prioritise user experience and trustworthy reviews 4. Millennials and Gen Zs drive surge in demand for RTD iced coffee 5. South Korea’s Paris Baguette opens first Philippine storeAwards
Jun
11