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Retail Asia22/10/2018

With Southeast Asia becoming the center stage for South Korean businesses in expanding their global presence, retail conglomerates like Lotte, Shinsegae and CJ have been successfully tapping into the markets. Lotte Group has focused its investments on its retail arm Lotte Shopping’s entrance to the Indonesian market. According to the company, the Indonesia market accounts for 17 percent of total […]

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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 Asia11/09/2018

South Korean retail conglomerate Shinsegae has launched a lifestyle editorial shop for men. The “Show&Tell” store opened in two Shinsegae locations; one at the Starfield luxury shopping complex in Hanam, and the other as an outlet in Yeoju city. Described as “providing a new playground for men,” Show&Tell displays a range of local and foreign […]

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Retail Asia07/09/2018

South Korean Department Store Shinsegae is to open a Paris boutique, Boon the Shop, in the iconic department store Le Bon Marche this month. Opening the multi-brand store follows the response to the brand’s popularity at a Paris exhibition last March. Shinsegae similarly entered the US market last year at luxury store Barneys New York. […]

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Retail Asia23/08/2018

Hyundai and Amazon plan to develop a “next-generation” retail model amid South Korean retailers’ push to adopt the latest technology to their online and offline platforms. Under the strategic collaboration agreement with Amazon Web Service (AWS) Korea signed on Friday, Hyundai Department Store Group said it will also establish a system to analyse customer activity […]

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Retail Asia20/08/2018

South Korean retailers are increasingly crossing boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is set to open an offline shop for luxury goods sold through its program S-Style at the retailer’s mall in […]

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Retail Asia13/08/2018

Shinsegae DF Inc., duty-free store operating unit of South Korea’s retail conglomerate Shinsegae Group, has joined hands with China’s largest online travel agency Ctrip to offer membership service with hopes to woo more Chinese consumers. Shinsegae DF said on 3 August that it will offer consumers membership subscription service via Ctrip website, becoming the world’s […]

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Retail Asia08/08/2018

Cosmetics brand Lancome has taken over a high-profile retail space in Seoul’s Shinsegae Duty Free store. The 360-degree panoramic LED screen above the signature Shinsegae carousel, facade and surrounding features were fully branded to showcase new products, creating a multi-sensorial concept space intended to immerse guests and consumers in the brand’s “Makeup Is My Power” […]

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Retail Asia25/07/2018

Korean duty-free shops are reviving their once-stagnant sales, with Lotte, Shilla and Shinsegae leading the turnaround. According to the Korea Customs Service on Saturday, duty-free sales in the first half of the year reached 9.94 trillion won ($8.79 billion), up 38 percent from the same period last year. If the trend continues in the second […]

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Retail Asia19/07/2018

Burgeoning duty-free retailer Shinsegae opened its second store in downtown Seoul. As reported, the retailer announced its plans to open the mammoth 13,350sqm outlet in the Central City complex in Seoul’s Gangnam area after being awarded the licence in December 2016. Its opening follows the retailer’s first downtown Seoul store opening in the Myeongdong district in May 2016. The downtown outlet […]

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Retail Asia19/07/2018

Shinsegae International Co., the fashion arm of South Korea’s retail giant Shinsegae Group, aims to open a flagship store of its cosmetics brand VIDI VICI in China late next year to tap deeper into the world’s largest market. Prior to the opening, it will launch a premium skin care line with a concept of lotus […]

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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 Asia29/06/2018

L’Escape, Shinsegae’s new boutique hotel, aims to combine the ambience of 19th-century Paris with intriguing restaurants and bars from Korean and foreign trendsetters. Located in central Seoul, behind the main Shinsegae Department Store branch, L’Escape opened its doors to the press for the first time. “Our ultimate goal is to be a lifestyle platform that […]

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Retail Asia28/06/2018

Starbucks Korea says it will expand its premium Reserve store network to meet the growing demand for specialty coffee among local consumers. The company will open two Reserve stores in Seoul and a third in Pangyo, just south of the capital, this week. They will raise to 30 the number of upscale Reserve cafes in […]

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Retail Asia26/06/2018

Shinsegae Duty Free won two licenses to operate at Incheon International Airport’s Terminal 1 on Friday, beating out Shilla Duty Free in the competitive battle for lucrative slots at one of the world’s most trafficked airports. The Korea Customs Service said Shinsegae will be allowed to operate stores in the DF1 and DF5 zones of […]

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Retail Asia06/06/2018

Shinsegae Duty Free and The Shilla Duty Free will fight out the contest for two Incheon International Airport Terminal 1 duty free contracts on offer, despite rival Lotte Duty Free tabling the highest bids in each case. The tenders followed incumbent Lotte Duty Free’s resignation from both concessions in February. As reported, four retailers – Lotte […]

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Retail Asia06/06/2018

Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing duty free industry. According to industry officials, the Incheon International Airport Corp. (IIAC) has narrowed […]

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Retail Asia30/05/2018

South Korean retail conglomerates like CJ, Lotte and Shinsegae are catering more and more for pet owners as market demand grows. They have opened pet shops that offer products and services ranging from food and grooming services to even lodging for pets. They are also launching their own branded product lines. Shinsegae International’s household goods […]

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Retail Asia28/05/2018

Department-store sales in South Korea rose this month with several family-oriented holidays and special occasions, retail industry data shows. Children’s Day, which falls every May 5, a substitute day off and May 8 Parents’ Day all contributed to more consumption at department stores. Plus Buddha’s Birthday, which is a national holiday and falls on a […]

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Retail Asia24/05/2018

Retail giants like Lotte and Shinsegae don’t have to worry about getting their duty-free licenses renewed every five years anymore. A task force on improving duty-free regulations decided on Wednesday to propose the government extend duty-free licenses for conglomerates to a maximum 10 years. Additionally, duty-free stores managed by small and medium-sized companies will be […]

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