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Tag: GS Retail

Retail Asia06/08/2020
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General

GS Retail recruits local residents to deliver products

2min0
South Korean convenience-store operator GS Retail plans to hire local residents with ample knowledge about their neighborhoods to speed delivery of products in areas where alleyways and addresses may prove confusing. GS Retail, which runs the convenience-store chain GS25, will begin testing its new ‘Neighborhood Delivery’ service, which is open to all applicants without limits […]
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Retail Asia23/07/2018
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Food

Cafe 25 opens 10,000th store

2min0
Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25, just 30 months after the brand was launched. The figures show how successful South Korea’s convenience stores have been in challenging coffee-focused chains like Lotte’s Angel-in-Us and even Starbucks, by offering discounted alternatives through vast store […]
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Retail Asia16/07/2018
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E-Tailing

GS Retail set footprint in US e-commerce

1min0
South Korean retailer GS Retail has announced a KRW33 billion (US$29 million) equity investment in a US online retailer. The company has purchased stock in Thrive Market, in a move intended to secure a foothold in America’s thriving organic food sector. It is GS Retail’s first overseas investment. Thrive’s core business is to sell organic […]
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Retail Asia11/07/2018
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General

South Korean convenience stores to sell more own brand

3min0
More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness. E-Mart24, the convenience-store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own private-label product within this year. Ministop Korea, operator of Ministop, is set to launch its own […]
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Retail Asia03/04/2018
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General

GS Retail to expand Lalavla network

1min0
South Korean convenience store company GS Retail plans to grow its health and beauty store network by up to 300 this year. After running Watsons outlets through a 50-50 JV with AS Watson, GS Retail bought the balance of shares from the Hong Kong-based firm last year and launched its new Lalavla brand in February. “We have […]
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Retail Asia07/02/2018
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Food

Watsons in Korea has a new name: Lalavla

2min
Watsons personal and beauty care stores across Korea will go through a makeover under a new name “Lalavla,” its operator GS Retail announced on Tuesday in hopes to take on the dominant player Olive Young in the burgeoning street beauty market through localized appeal. GS Retail introduced Watsons, the biggest multi-beauty and personal care store […]
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Retail Asia22/01/2018
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Food

First GS25 convenience store opens in HCMC

2min0
Convenience store GS25 Vietnam officially opened the doors of its first store in Ho Chi Minh City today. Spread over 87sqm, the store is located on the ground floor of Empress Tower on Hai Ba Trung Street in District 3, close to the city’s CBD. Three more stores will open this month, including on sites at Truong […]
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Retail Asia17/11/2017
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General

Korean retailers shifting to ASEAN from China

4min0
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 Asia06/02/2017
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General

South Korea’s GS Retail to fully own Watsons Korea

2min
GS Retail Co., a retail unit of South Korean conglomerate GS Group, will take over additional 50 percent stake in the Korean unit of drug store franchise label Watsons from Hong Kong-based A.S. Watson Group to make it its fully-owned entity, the company said Thursday. The Korean retailer in December 2004 launched Watsons Korea on […]
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Retail Asia20/12/2016
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Food

C-Store Private-Label Brands Thrive in South Korea

5min
South Korean convenience stores have long been a part of the country’s quick, fast-changing lifestyle, and are going a step further by producing their own private brands, as reported. “The private brand business here will continue to grow across all industries, centered on firms with strong distribution channels. South Korea has a relatively low private brand […]
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Retail Asia12/10/2016
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Real Estate

South Korea’s Largest Retailer Joins Hands With Sinar Mas Land in Indonesia

2min
South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. “We decided to choose Legenda Wisata for GS Retail’s first supermarket because Cibubur is home to middle- and high-income families,” GS Retail  senior executive Won Yong Kim said in a statement. […]
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Retail Asia07/12/2015
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General

GS Retail replaces vice chairman

1min
GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday. He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo — the fourth son of the GS Group founder. The new appointment reflects the firm’s […]
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Retail Asia01/12/2015
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General

South Korean Convenience Stores Thrive

2min
The growing interest in ready-made meals and other necessities—driven by an increase in single-adult households—has fueled the growth of convenience stores in South Korea, Yonhap reports. These retailers stock daily essentials and food in smaller quantities and are open 24 hours a day, which provides more opportunities for working adults to shop. The three biggest […]
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