homeplus

Retail Asia12/07/2021

South Korean supermarket chain Homeplus has appointed former CEO of McDonald’s Korea Cho Ju-yeon as its new chief marketing officer, in an executive reshuffle announced on Thursday. Cho made headlines in 2016 when she became the first female CEO at the South Korean unit of the fast-food restaurant. Hwang Jeong-wook, who formerly served as the […]

Retail Asia18/12/2018

Twenty-seven people have been awarded the auspicious title of beer sommelier by discount chain Homeplus. The discount chain’s first Macmelie Contest – macmelie is a portmanteau of the Korean word maekju, or beer, and sommelier – on Saturday saw 200 contestants gather at a convention center in Gangnam District, southern Seoul, to take a comprehensive […]

Retail Asia05/11/2018

Discount chain Homeplus has changed its logo for the first time in 21 years – a move the company says signals more aggressive management activities are to come. The radical redesign eliminates the line under “Homeplus” and adds a new red stylized plus symbol to the right of the word. Homeplus says the new logo […]

Retail Asia07/09/2018

Swedish fashion label H&M is launching an outlet at the Homeplus Bucheon hypermarket in South Korea. The brand’s 29th Korean store, located to the West of Seoul, will open on September 20 and is its first hypermarket venture in the territory. The company’s first store inside a hypermarket marks a significant strategic step away from […]

Retail Asia29/06/2018

Korean discount store chain Homeplus has opened a bulk products and grocery store hybrid called Homeplus Special in Daegu. The new concept store is housed in the original Homeplus outlet that opened 20 years ago, now converted to operate the new big-box-plus-retail model following underwhelming sales figures and strong rivalry from industry competitors. The new […]

Retail Asia10/11/2016

A group of affluent individuals would come up with 90 billion won ($75.5 million) to jointly own a Homeplus Co. superstore outlet in the suburban city of Pyeongchon, Gyeonggi Province, evidence that retail investors are joining their institutional counterparts in search for alternative investment options amid prolonged low-interest rate environment. According to investment industry on […]

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 […]

Retail Asia31/03/2016

Korea’s retail giant Homeplus launched an expanded line of sushi, which will sell for 390 won (30 cents) each until April 6. Homeplus announced Wednesday that it built on their existing sushi line “Chef Sushi,” which was originally limited to 16 types, to 34 variations. These bite-sized delicacies include localized specialties such as tuna-mayonnaise and […]

Retail Asia03/02/2016

South Korea plans to unveil a new index tracing online retail prices this year by using big data from private sector to reflect actual economic sentiment, according to Statistics Korea on Tuesday. The state-run agency plans to release an online price index that will complement the consumer price index by the end of this year, […]

Retail Asia08/10/2015

Tesco has ruled out selling any more of its Asian operations in the wake of the Homeplus South Korea divestment. At least for now. After the US$6 billion sale of Homeplus and an earlier divestment of a stake in its Chinese operation, Tesco Asia retains a large business in Thailand, trading as Tesco Lotus, and […]

Retail Asia15/07/2015

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Any buyer of Tesco’s $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain’s Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters […]

Retail Asia24/06/2015

Tesco’s obvious technique to attract out bidders for its Korean Homeplus operation is already paying off. Whereas personal fairness gamers have been apparently despatched invites to bid, the best way the information of the as but formally unconfirmed sale plan has unfold, has drawn two public declarations of curiosity. One is decidedly mischievous – from […]

Retail Asia15/06/2015

British retailer Tesco has kicked off a sale process for its South Korean unit, whose market value is estimated at around $5 billion, according to industry sources on Friday. The U.K. retail giant sent out a teaser letter to prospective buyers on Thursday and hired HSBC as the sale broker for Homeplus. “With this pace, […]

Tag: homeplus

Ex McDonald’s Korea CEO to take leading role in Homeplus

Homeplus hosts 1st beer sommelier competition

Homeplus’s new logo is a shiny red plus

H&M to open first hypermarket store in S. Korea

Homeplus Special to open first store in Daegu

Korean wealthy individuals to jointly buy a Homeplus store

End of Growth for Hypermarkets?

Sushi for W390 in Korea

Korea to release online price index

Tesco Asia sell-off ruled out

Brutal retail market awaits buyer of Tesco South Korea business

Tesco Korea technique paying off

Tesco to sell off Homeplus