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Retail Asia21/03/2018

Scale continues to play a major part in attracting shoppers both online and offline, a recent survey showed, with supermarket chains and large open market platforms coming top in consumers’ preferred retail outlets. According to a joint survey conducted by research firm Consumer Insight and Hanyang University’s retail research center, at least 80 percent of […]

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Retail Asia23/02/2018

A new study has revealed that Korean shoppers embrace the cold winter climate – but not much beyond minus 5 degrees. Supermarket operator E-Mart says the number of customers peaks during winter when the temperature hits minus 5 degrees Celsius, also known as the ‘golden temperature’ in the South Korean retail industry. Researchers learned that […]

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Retail Asia01/02/2018

Shinsegae’s discount chain E-mart plans to enter the US by opening its premium food outlet PK Market. While mostly high-end products will be sold at the South Korean group’s outlet, some of its low-tier private brands such as No Brand and Peacock will also be offered. E-mart is eyeing cities with significant Asian communities, such […]

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Retail Asia30/01/2018

South Korean retail heavyweight Shinsegae has drawn a US$938 million investment to help it build a major e-commerce business. Shinsegae has signed an initial funding agreement with BRV Capital and private equity company Affinity Equity Partners as it strives to make the most of a rapidly expanding Korean online shopping market. Shinsegae says it will […]

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Retail Asia22/01/2018

South Korea’s discount store E-Mart, a unit of retail conglomerate Shinsegae Group, has started selling electric mini-vehicles. E-Mart says it has expanded its M Lounge network to seven shops across Korea to sell electric bicycles and EVs. Introduced at its Yeongdeungpo store last March to introduce its e-mobility lineup, M Lounge now sells E-Mart’s private-brand […]

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Retail Asia12/12/2017

The political tension between Seoul and Beijing has eased after a summit between the two leaders during the APEC Summit, but K-beauty companies are diversifying their overseas operations instead of returning to the Chinese market. Supermarket chain E-mart said that it has signed a franchise deal with Saudi Arabia’s largest retailer Fawaz Alhokair. Under the […]

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Retail Asia24/11/2017

E-Mart Inc., South Korea’s largest discount chain operator, said Thursday its beauty brand will open a store in Saudi Arabia next year, as the retailer attempts to expand its presence in the overseas market. The company said it signed an agreement with the Middle Eastern country’s major retail group Fawaz Alhokair to open its beauty […]

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Retail Asia17/11/2017

Lotte, Shinsegae and other retailers in Korea have been shifting their focus to Southeast Asia as it has become difficult to conduct business in China amid deteriorating Korea-Sino ties. The increasing number of middle-class consumers in Vietnam and other countries has also encouraged the retailers to establish a larger presence in the rapidly-growing region. The exodus from […]

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Retail Asia26/09/2017

Thailand’s CP Group has agreed to buy five of the six remaining E-Mart China stores, ending a 20-year presence for the Korean firm. Sources in the retail investment banking sector said E-Mart inked an agreement with CP Group to hand over the stores in Shanghai pending approval from Chinese regulators. Reports emerged earlier this month that the […]

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Retail Asia13/02/2017

South Korea’s E-mart has launched Marie’s Baby Circle – a new baby brand, created by UK-headquartered Dalziel & Pow. The concept aims to place new and expectant parents centrestage, providing everything they need to enjoy their pregnancy and prepare for parenthood. Marie’s Baby Circle opened its doors at the launch of Starfield Hanam, Korea’s newest […]

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Retail Asia15/11/2016

The Korean anti-corruption law may be showing its desired extra effect of creating more time for family and home cooking if sales record at a leading retailer is any indication. October sales figures from E-mart released show an 11.5 per cent increase for the month to 1.14 trillion won (US$987.3 billion) compared to a year […]

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Retail Asia10/10/2016

Korean retail giants Lotte and Shinsegae are competing to improve employment conditions for women. The two companies are pushing forward with efforts to provide more opportunities for women to move up in their corporate hierarchies and implementing women-friendly systems as part of their company policies. Korean gender employment issues are of growing concern in a […]

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Retail Asia14/09/2016

South Korea’s largest discount chain E-mart has committed to invest $200 million in Vietnam, continuing the trend of foreign investors entering the Southeast Asian nation’s rapidly growing consumer sector. A memorandum of understanding between E-mart and Vietnam’s Ho Chi Minh City was signed on September 9. Emart will make the investment over the next four years. The investment is expected to be […]

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Retail Asia12/08/2016

A prolonged heat wave in South Korea is boosting sales of local retailers, cafes, hotels and theaters as people flock to those air-conditioned places to get relief, industry sources said Tuesday. The entire country has been hit by the scorching weather for the past two weeks, with daytime highs soaring above 35 degrees in Seoul […]

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Retail Asia08/08/2016

The leading retailers in Korea are seeking to cash in on the global popularity of hallyu by sealing strategic tie-ups with entertainment companies to sell exclusive merchandise. Products bearing the images of popular K-pop artists and actors have largely been available only online. However, the success of a small store at Lotte Department Store’s Young […]

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Retail Asia30/07/2016

Korea retail sales rose in June according to government data measuring major department stores and discount chains. The government said the year-on-year increase was fuelled by more holidays. The combined sales of three department stores – Hyundai, Lotte and Shinsegae – increased 11.8 per cent on-year in June, while those of major discount retailers – […]

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Retail Asia26/07/2016

South Korean retailers are capitalizing on the explosive popularity of Nintendo’s augmented-reality mobile game “Pokémon Go” with new products and services targeting local Pokémon game enthusiasts and fans. From a sudden rise in consumer spending at select Pokémon-appearing cities in Korea to the launch of Pokémon-inspired hotels, tour packages and goods, the smash-hit game appears […]

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Retail Asia19/07/2016

The Go Vap district near Tan Son Nhat International Airport and part of Ho Chi Minh City in Vietnam are widely known as special to the Korean retail industry. This is because despite the fact that there are not many Koreans residing in the area, Korean retail giants are competing fiercely in the region. E-Mart, […]

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Retail Asia12/07/2016

Hypermarkets, which offer a wide range of products under one roof, once prospered in Korea. Recently, however, sales growth has stagnated with a rapid change in consumer behavior. According to industry watchers, hypermarkets in Korea anticipated high growth this year, following poor performance in 2015 from widespread public fear of MERS in June. But their […]

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Retail Asia06/04/2016

“We should catch up to Coupang, accepting the risk of financial loss,” said Chung Yong-Jin, vice chairman of Shinsegae Group. “Coupang is taking away our customers in their 20s and 30s. Why are we just sitting on our hands and leisurely watching the exodus?” The JoongAng-Ilbo has recently reported that vice chairman Chung Yong-Jin of […]

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