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Retail Asia20/05/2021

South Korean supermarket chain E-mart is to exit its Vietnam business, with reports suggesting it will be sold to local car manufacturer Truong Hai Auto Corporation (Thaco Group). According to The Korea Times, E-mart announced earlier this week that it will sell E-mart Vietnam to Thaco Group. However, a spokesperson of Thaco said the group […]

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Retail Asia28/10/2019

South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation. The firm will sell the properties to Mastern Investment Management for KRW952.48 billion (US$802.65 million) in the face of plummeting sales and intensifying competition from e-commerce. It will continue to operate its businesses on the properties under a […]

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Retail Asia26/08/2019

Korean discount chain operator E-Mart has posted its first-ever net loss, amid growing competition from online shopping rivals and e-commerce giants. The company’s quarterly results showed a net loss of KRW26.6 billion (US$24.7 million) between April and June, its first negative result since it was spun off from Shinsegae Group in 2011. The loss stands […]

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Retail Asia23/01/2019

As fine dust blows into Korea, demand for products that defend against pollution spike. According to an Emart study released Friday, mask sales between Jan. 10 and Jan. 16 surged 458 percent from the same period a year earlier while the sales of air purifiers are up 414 percent. Usually, the products are in high […]

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Retail Asia17/12/2018

Demand for party supplies from South Korean retailers is soaring as a growing number of people prefer to host end-of-year celebrations at home instead of going out. According to E-Mart, wine and cake sales at six stores in Daegu last month soared 18.9 per cent and 16.1 per cent, respectively, year on year. Frozen foods […]

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Retail Asia11/12/2018

South Korean discount retail chain E-mart is acquiring US food retailer Good Food Holdings for US$270 million. A subsidiary of retail conglomerate Shinsegae, the E-mart US acquisition intends to stabilise and expand its operations in North America. It is the company’s first acquisition of an overseas firm. Good Food operates 24 stores across the American […]

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Retail Asia03/12/2018

South Korean retailers enjoyed a big sales boost from annual shopping extravaganza they launched in November to join the world’s major shopping events like Black Friday in the U.S. or Single’s Day in China. According to industry sources on December 2, Lotte Department Store, one of the country’s retail majors saw its sales from Nov. 1 to 29 […]

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Retail Asia21/11/2018

Emart is taking its No Brand line to the Philippines, the first overseas expansion for the label. The chain announced Monday that it signed a franchise agreement with Robinsons Retail, the No. 2 retail company in the Philippines, to roll out No Brand and Scentence in the country. Both are Emart in-house lines. “Under the […]

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Retail Asia07/11/2018

LG Electronics has signed an agreement with E-mart to develop a new type of service robot that can assist shoppers at its South Korean supermarkets. Under the agreement, the two companies will develop what they call a smart-cart robot that can automatically identify obstacles and follow shoppers as they walk through aisles. LG said the […]

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Retail Asia04/10/2018

South Korean retail group E-Mart is to build its first hypermarket in Hanoi’s StarLake urban area. According to StarLake, E-Mart and THT Development have signed an agreement to transfer two commercial land lots within StarLake Project, for an area of 1.86 million sqm in Hanoi’s Tay Ho (West Lake) district. In late 2015, E-Mart opened […]

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Retail Asia02/10/2018

Discount chain Emart will launch its PK Market grocery store chain in downtown Los Angeles in the second half of next year. This is Emart’s first expansion into the U.S. market. The company said that it signed a 10-year contract on a 4,803-square-meter (1.18-acre) space inside LA Jewelry Mart, which is located in the Jewelry […]

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Retail Asia28/08/2018

An upgraded version of Emart’s humanoid Pepper robot will start roaming the aisles of the retailer’s Seongsu branch in eastern Seoul starting tomorrow. Pepper is a humanoid robot developed by Japan’s SoftBank Robotics. Its main function is emotional perception and communication with humans at stores or at home. Emart developed programs tailored to using Pepper […]

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Retail Asia23/08/2018

Hyundai and Amazon plan to develop a “next-generation” retail model amid South Korean retailers’ push to adopt the latest technology to their online and offline platforms. Under the strategic collaboration agreement with Amazon Web Service (AWS) Korea signed on Friday, Hyundai Department Store Group said it will also establish a system to analyse customer activity […]

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Retail Asia18/07/2018

E-Mart, South Korea’s largest discount-chain operator, is set to open a store in Saudi Arabia this week. Last November, E-Mart firm signed an agreement with the kingdom’s major retail group Fawaz Alhokair to open the beauty store Scentence at the Al Nakheel Mall operated by the Saudi company, which averages 25,000 daily visitors. The 66sqm […]

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Retail Asia06/07/2018

Korean hypermarket giant E-Mart plans to install electric car charging stations at all of its outlets nationwide by 2021. The company initiated formal service of nine electric car charging stations in four regions (Sokcho, Gangneung, Geomdan, and Gumi) this week. The stations can accommodate many cars at any given time. From October, E-Mart will be expanding the […]

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Retail Asia21/06/2018

Korean retailer E-Mart starts selling products from 16 Korean SME companies in Singapore yesterday. The move is a part of E-Mart’s plan to take Korean brands into new markets, starting with the winners of the giant retailer’s SME-support project. The products include Mpac Plus waterproof cases for smartphones and JM Green’s containers for storing food […]

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Retail Asia30/05/2018

South Korean retail conglomerates like CJ, Lotte and Shinsegae are catering more and more for pet owners as market demand grows. They have opened pet shops that offer products and services ranging from food and grooming services to even lodging for pets. They are also launching their own branded product lines. Shinsegae International’s household goods […]

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Retail Asia28/05/2018

Department-store sales in South Korea rose this month with several family-oriented holidays and special occasions, retail industry data shows. Children’s Day, which falls every May 5, a substitute day off and May 8 Parents’ Day all contributed to more consumption at department stores. Plus Buddha’s Birthday, which is a national holiday and falls on a […]

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Retail Asia10/05/2018

South Korean discount store chain owner E-Mart Inc says it has started testing a robot to provide an automated concierge service to shoppers. Dubbed “Pepper”, the robot concierge will be stationed at an E-Mart outlet in Seoul for about three weeks, the company says. Developed by Japan’s Softbank Robotics Corp., the 1.2m-tall robot provides product […]

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Retail Asia29/03/2018

Shinsegae Group’s discount chain E-mart has decided to shut several more stagnant stores this year to improve the company’s efficiency. Shinsegae says it has also sold its Deoki-dong branch in Ilsan, Gyeonggi Province. The outlet had initially been a Walmart store in 1996, but became an E-mart in 2006 after Shinsegae acquired the US-based discount […]

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