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Retail Asia16/12/2022

Many retail chains opened new stores this year even as retail sales of consumer goods and services saw a year-on-year rise of 20.5% in the first 11 months. Despite weakening external factors, continued domestic demand brought some relief, according to a report by HSBC. But though the pace started to slow down, retail sales remained […]

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Retail Asia17/01/2020

South Korean convenience-store chain GS25, owned by GS Retail, has opened a futuristic convenience store without a checkout counter in Jung District, Seoul this week. The store, which is located in the headquarters building of a local credit card company BC Card, is similar to Amazon Go, checkout-free offline malls in the US. One can […]

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Retail Asia11/11/2019

GS25 Vietnam, a joint venture between South Korea’s GS25 and local retailer Son Kim Group, opened up its brand to franchisees beginning Friday. Interested franchisees can choose from one of three models offered by GS25 Vietnam: investing in a standalone store, a chain of convenience stores, or co-investing with GS25 Vietnam to open stores, said […]

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Retail Asia30/04/2019

Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in partnership with the shared micro-mobility integrated platform “GoGoSing.” Under the terms of the deal, GoGoSing […]

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Retail Asia08/01/2019

South Korean convenience store openings in South Korea fell last year, according to industry data. Thought to be the effect of increasing labour costs and market saturation, the slowdown has manifested amongst several industry operators – including BGF Retail’s CU, which opened 980 fewer stores than the previous year’s total of 1646; and GS25, which […]

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Retail Asia05/12/2018

South Korean convenience store operators have agreed not to engage in cut-throat competition in the latest move to better protect struggling franchisees. A key centerpiece of the voluntary deal calls for CU, GS25 and 7-Eleven and three other convenience store brands to decide “carefully” over whether to open a new convenience store near an area […]

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Retail Asia27/09/2018

South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to take full ownership of Ministop South Korea. Both companies see the deal as a means to grow their respective […]

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Retail Asia19/09/2018

Convenience store chain GS25 has opened up a cashier-less store in Seoul that uses face-recognizing cameras to handle payments. The company’s first Smart GS25 started operation at LG CNS’ headquarters in Gangseo District, western Seoul, on Monday. LG CNS is a long-time provider of electronic systems to GS25 and one of the companies working to […]

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Retail Asia14/08/2018

South Korean convenience store operators GS25 and CU received a boost from in-house brands in the second quarter. GS Retail, which operates the GS25 chain, recorded a net profit jump of 11.1 per cent year on year to 45.8 billion won (US$41 million) in the April-June period, on sales up 5.3 per cent to US$2 […]

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Retail Asia23/07/2018

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

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

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 Asia22/06/2018

South Korean convenience stores saw their sales more than double in some categories as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign. BGF Retail Co, which operates the country’s largest convenience store chain, CU, said sales of […]

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Retail Asia06/02/2018

GS Retail, which runs South Korea’s GS25 convenience store chain, is facing questions over its profitability after it posted contracted numbers in its earnings last year. According to its regulatory filing, GS Retail logged KW30.9 billion (US$28.4 million) in operating profit last year, down 19.3 per cent from 2016. Its net profit also skidded to […]

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Retail Asia12/01/2018

Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real estate company, Vingroup, starting expanding its Vinmart Plus convenience store chain in 2016 and […]

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Retail Asia03/01/2018

GS25 Vietnam says it will open its first store in Ho Chi Minh City in mid-January, after a two-month delay. Three more stores will open soon afterwards. Last July, GS25’s parent company GS Retail signed a JV agreement with Vietnam’s Son Kim group to open 2500 GS25 Vietnam stores during the next 10 years. Vietnam will […]

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Retail Asia02/08/2017

South Korea’s GS25 convenience store chain is about to make its Vietnam debut after forming a joint venture with Son Kim Group. Vietnam will be GS25’s parent GS Retail’s first foreign market, with the first store scheduled to open before the year ends. “We received requests from many countries, including China and other Southeast Asian […]

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Retail Asia23/11/2016

The Korean convenience store sector is experiencing rapid growth as heavyweights battle for market share. The number of convenience stores in South Korea surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, according to industry data. That’s a significant increase […]

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Retail Asia17/06/2016

Brian-Byun-and-Managing-Director-Yoon-seong-Cho-of-GS-Retail.jpg

eBay Korea has joined forces with nationwide convenience store chain GS25 to offer consumers a combined online-offline sales service. The partnership will see the launch of the “Smile Box” service, in which deliveries are made to an unmanned box for single-person households and female customers. The service is available 24 hours a day, and customers […]

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