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Tag: Shinsegae

Retail Asia24/05/2018
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General

Korea department store sales benefit from holidays

4min0
Department store sales rose this month on the strength of several family-oriented holidays and special occasions, retail industry data showed Tuesday. Numbers provided by major Korean retailers showed Children’s Day, which falls on May 5 every year, a substitute day off, and May 8 Parents’ Day all contributed to more consumption at department stores. In […]
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Retail Asia18/05/2018
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E-Tailing

Lotte Group plans US$2.8 billion e-commerce spend

2min0
Korea’s Lotte Group plans to invest KRW3 trillion (US$2.8 billion) into its e-commerce business. Lotte Shopping CEO Kang Hee-tae says a comprehensive online shopping platform will integrate all eight of its online stores by 2020. Lotte Group will form a business department in August dedicated to developing its e-commerce business. Its various retail businesses, including […]
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Retail Asia29/03/2018
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General

More stagnant E-mart store to be closed

3min0
Shinsegae Group’s discount chain E-mart has decided to shut several more stagnant stores this year to improve the company’s efficiency. Shinsegae says it has also sold its Deoki-dong branch in Ilsan, Gyeonggi Province. The outlet had initially been a Walmart store in 1996, but became an E-mart in 2006 after Shinsegae acquired the US-based discount […]
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Retail Asia19/03/2018
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Fashion

Shinsegae to sell Scotland’s Glenmuir clothing

1min0
Scottish golfwear brand Glenmuir has opened its first Korea pop-up store in Gangnam. Located in Shinsegae Department Store, the short-term store offers the company’s Spring/Summer 2018 collection. Glenmuir plans to open a permanent shop inside Shinsegae Department Store in the near future. “We are excited to bring Glenmuir to customers in Korea through our pop-up […]
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Retail Asia05/03/2018
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Fashion

Reiss North Korea makes debut

1min0
British fashion brand Reiss has launched in South Korea, at Shinsegae Department Store in Kangnam. Introduced by Shinsegae International, the brand plans to open 12 stores in both Shinsegae and Lotte department stores across the country by the end of this year. Reiss says it expects high sales with its offering of trending items priced […]
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Retail Asia01/02/2018
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Food

Korea’s PK Market to enter the US market

2min0
Shinsegae’s discount chain E-mart plans to enter the US by opening its premium food outlet PK Market. While mostly high-end products will be sold at the South Korean group’s outlet, some of its low-tier private brands such as No Brand and Peacock will also be offered. E-mart is eyeing cities with significant Asian communities, such […]
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Retail Asia31/01/2018
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Food

Kit Kat Flagship Store to Open Its First Location in Korea

1min0
A KitKat flagship store has been launched in Shinsegae’s Gangnam department store in South Korea. It has been opened by Swiss food giant Nestle’s Japanese unit, which has developed special flavours for the chocolate wafer snack in collaboration with chef Yasumasa Takagi, who has just rolled out a special ruby version. As well as the original […]
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Retail Asia26/01/2018
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Living

Shinsegae to buy local furniture company for $168 mln

1min0
South Korean retail giant Shinsegae will buy a local furniture company Casamia for KW180 billion (US$167.8 million) in a bid to tap into the country’s home-furnishing industry. Shinsegae Department Store will sign a contract with the company’s founder “and others” to buy a 92 per cent stake in the company, as reported. Launched as a […]
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Retail Asia22/01/2018
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Automotive

EMart’s M-Lounge to sell electric mini-vehicles

1min0
South Korea’s discount store E-Mart, a unit of retail conglomerate Shinsegae Group, has started selling electric mini-vehicles. E-Mart says it has expanded its M Lounge network to seven shops across Korea to sell electric bicycles and EVs. Introduced at its Yeongdeungpo store last March to introduce its e-mobility lineup, M Lounge now sells E-Mart’s private-brand […]
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Retail Asia03/01/2018
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General

FTC chief urges conglomerates to improve ownership structure

3min
The head of South Korea’s antitrust watchdog said on Dec. 31 that the country’s large businesses groups should work hard to improve their complicated ownership structures and refrain from wielding their market dominance. “Large conglomerates should make efforts to curb their economic power and to improve their ownership structures,” Fair Trade Commission Chairman Kim Sang-jo […]
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Retail Asia14/11/2017
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General

E-mart opens 2nd store in Mongolia

3min0
Mongolia recently got its second E-mart, the discount chain of Korean retail giant Shinsegae. Unlike the first store, which has its own building, the second store is renting 5,000 square meters on the first and second floors of the Solo Mall in western Ulaanbaatar. The new store sells 12,000 types of goods, with Korean products accounting for […]
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Retail Asia06/07/2017
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General

Shinsegae Duty Free lands fashion & accessories contract at Incheon Airport T2

2min0
Shinsegae Duty Free has been awarded the fashion & accessories contract at Incheon International Airport Terminal 2. The DF3 concession covers 14 stores embracing 4,889 square meters of retail space. It draws a line under troubled period for the concession, which was retendered multiple times with successively reduced minimum guarantees in an effort to attract interest. Bidding […]
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Retail Asia03/04/2017
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General

Shinsegae Department Store uses AI in marketing push

4min0
Shinsegae Department Store has become the first South Korean retailer to deploy a marketing strategy using AI technology. A wave of artificial intelligence (AI) is sweeping the nation’s retail industry, as major department stores and online shopping malls rush to adopt the latest technology to attract consumers. From this week, Shinsegae Department Store is introducing […]
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Retail Asia18/03/2017
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Food

Starbucks Coffee Korea sales booms

1min0
Starbucks Coffee Korea said its annual sales topped the 1 trillion won (US$884.17 million) mark for the first time ever last year. The local franchise of the US coffee giant, which is operated by retail conglomerate Shinsegae, debuted in South Korea in 1999. Annual sales rose 29.6 per cent from the 773.9 billion won of […]
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Retail Asia02/02/2017
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Fashion

Cosmetics sales surge as Korean duty free market rockets

3min0
The Korean duty free market surged by 33.5% year-on-year in 2016 to KW12.2 trillion (US$10.5 billion), according to new figures from Korea Customs Service. The results reflect a strong bounce-back from the MERS-ravaged 2015, allied to booming Chinese visitor numbers last year. Chinese arrivals for 2016 rose +34.8% to 8,067,722, according to Korea Tourism Organization […]
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