Seoul to get its first Emart Traders branch next month
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Emart, a Shinsegae Group company, will open a new branch of Traders, its big-box warehouse chain, in Seoul next month. It will be the first branch in the capital. The outlet will be located in Wolgye-dong, Nowon District, northern Seoul, with the opening scheduled for March 14. The Wolgye Traders is being built in the parking lot of Emart’s Wolgye store. The warehouse store will be 9,917 square meters (106,746 square feet) in size, with 45,302 square meters of floor area.
Emart said the annual sales goal for the first Seoul branch of Traders is 140 billion won ($12.6 million). The company is planning to raise the new branch’s competitiveness by offering instant and fresh food at prices that could be 45 to 50 percent lower than the average price at department stores.
There are currently 15 Traders branches nationwide, and Emart is planning to expand the number to 18 by the end of this year.
Questions & Answers
Q.What is the planned size of the new Emart Traders branch in Seoul?
What is the planned size of the new Emart Traders branch in Seoul?
The warehouse store will be 9,917 square metres in size. It will have a total floor area of 45,302 square metres when it opens next month.
Q.What is the expected annual sales target for the first Emart Traders branch in Seoul?
What is the expected annual sales target for the first Emart Traders branch in Seoul?
Emart has set an annual sales goal of 140 billion won ($12.6 million) for this new branch. This is the target for its first year of operation.
Q.How does Emart plan to make the new Traders branch competitive?
How does Emart plan to make the new Traders branch competitive?
The company plans to offer instant and fresh food at significantly reduced prices. These prices could be 45 to 50 percent lower than average department store prices.
Q.How many Emart Traders branches are there currently and how many are planned for this year?
How many Emart Traders branches are there currently and how many are planned for this year?
There are currently 15 Traders branches across the country. Emart intends to expand this number to 18 by the end of this year, adding three new locations.
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