Tag: korea

Retail Asia27/07/2022
Vestiaire-Collective-770x462.png
3min0
Online fashion resale platform Vestiaire Collective said on Wednesday it is expanding into South Korea, choosing the fast-growing luxury market as a springboard for a deeper push into Asia. The expansion of the Paris-based tech start-up that hit unicorn status last year comes as pre-owned fashion sales continue to grow quickly, fuelled by young, environmentally […]

Retail Asia22/07/2022
SK-Telecom-brand.jpg
3min0
SK Telecom announced that its two technologies related to the control and interworking of quantum cryptography communication networks were adopted as new work items at the ITU-T meeting held in Geneva, Switzerland. The South Korean telecom service provider said in a press release that these latest solutions will be given international certification standards through its […]

Retail Asia15/07/2022
Nike_Gangnam_hd_1600-1280x720.jpeg
2min0
Nike has introduced its latest retail concept, Nike Style, with the first store opened in South Korea, to be followed by more across multiple international markets. The Nike Style concept store is located in the bustling Hongdae neighbourhood, which is known for its art and fashion culture. Gender-agnostic zones are featured throughout the store for […]

Retail Asia13/06/2022
McDonalds-Fries-1280x670.jpg
4min0
McDonald’s Korea, the local unit wholly owned by the US fast-food giant, is seeking a new owner — joining the latest burger chain sales rush here. The company confirmed Friday that its US headquarters is selling its entire stake in the Korean unit as well as its business license after its first failed attempt six […]

Retail Asia07/06/2022
momstouch-1280x853.jpeg
2min0
South Korean chicken chain, Mom’s Touch, is seeking a new owner after voluntarily delisting from the Kosdaq stock market, according to The Korea Herald. KL & Partners’ investment arm, Korea F&B Holdings, which is the chain’s largest shareholder, proposed to purchase shares for the next six months in order to protect minority investors. As of […]

Retail Asia31/03/2022
korea-retail.jpg
2min0
Sales at South Korea’s top department stores rebounded sharply in February from the previous month, government estimates showed on Tuesday, reflecting this year’s change of timing for the Lunar New Year holiday. Combined sales last month at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 7.1 percent from a year […]

Retail Asia24/03/2022
Diptyque-1280x853.jpg
2min0
Diptyque’s new flagship store in Seoul is its largest yet, anywhere in the world, reflecting its confidence in the South Korean perfume market which is showing rapid growth.  Located in the upscale shopping street Garorugil, the Diptyque flagship’s design was inspired by the French brand’s original space on 34th Avenue Saint-Germain in Paris, resembling a […]

Retail Asia24/01/2022
korean-convenience-stores1-c718702470f7-1280x960.jpeg
1min0
South Korea’s Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country’s fifth-largest convenience store chain, from Japan’s Aeon Co., Lotte said on Jan. 21. With the purchase in cash, Lotte’s convenience store operator 7-Eleven will be able to take on the two sector leaders —  CJ […]

Retail Asia01/12/2021
Flash-Coffee-.jpeg
2min0
Flash Coffee has launched its first two South Korea stores in Seoul’s Gangnam district as part of its expansion in Asia, with two more stores scheduled to open before the year ends. The launch marks the brand’s sixth market in the region, after Singapore, Indonesia, Thailand, Hong Kong, and Taiwan. Spanning two stories, the new […]

Retail Asia25/11/2021
7eleven.jpg
2min0
Korea Seven, which operates 7-Eleven stores in South Korea, has partnered with Neubility, a South Korean autonomous robot startup, to commercialize autonomous robots for short-range delivery. Most large convenience store chains in South Korea offer delivery to customers via third-party food delivery apps. For example, the popular Yogiyo food delivery app delivers groceries and other […]

Retail Asia16/11/2021
Burberry-CNY1.jpg
2min0
Double-digit sales growth in China, South Korea, and the Americas underpinned a 37-per-cent lift in first-half sales for luxury fashion group Burberry to US$1.63 billion. The lift reflected a recovery in-store sales as Covid-related lockdowns and trading restrictions eased in the six months to September 25, compared with the same period a year earlier when […]

Retail Asia14/10/2021
exotic-tropical-fruit-1024x768.jpg
2min0
Vietnam exported $107.25 million worth of fruit and vegetables to South Korea in the first eight months of this year, up 3.47 percent year-on-year. The export value of vegetables and fruit to this market reached $11.1 million in August, up 13.66 percent over the same period last year, according to the General Department of Vietnam […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X