The broad sweep of Asian retail: chains, consumers, policy and the deals that move the market.
Korean Air celebrates its golden jubilee of the Seoul-Zurich route, highlighting half a century of unifying Korea and Switzerland through travel and cultural exchange. In honor of this significant achievement, a gala reception was held at Zurich’s Widder…
Korean Seven, the South Korean operator of the worldwide convenience store franchise 7-Eleven, has recently appointed Daeil Kim as its latest CEO. The move is aimed at driving growth and propelling a significant business transformation. Daeil Kim Steps Up Kim…
After a six-year break, Air China has reinstated direct flights from Beijing to Pyongyang. This comes as another indication that North Korea is gradually becoming more accessible, following the reestablishment of train services between the two capitals.…
Central Food Retail, a division of Central Retail, is broadening its operations via a collaboration with Emart, a South Korean retailer, to introduce No Brand, a store model focused on value, in Thailand. First No Brand Store in Thailand The No Brand store,…
CJ Olive Young, a prominent beauty chain in South Korea, has plans to roll out Olive Better, a wellness-oriented retail concept, in January. Olive Better’s Debut The initial Olive Better branch will be located in Gwanghwamun, a critical business hub in the…
In the quest for acquiring the South Korean retail giant Homeplus, two contenders have stepped forward. The attempt to secure new ownership for Homeplus is aimed at stabilizing its operations. AI company Harex InfoTech and an anonymous bidder have expressed…
Shinsegae Inc, a major retail conglomerate in South Korea, announced on Thursday that it plans to shut down its duty-free business unit in Incheon International Airport’s DF2 zone. This decision has been prompted by growing losses. Motivation Behind the…
Korean Air recently entered into a contract to implement Airbus’ sophisticated data-driven predictive maintenance program, Skywise Fleet Performance+ (S.FP+). The agreement was finalized on October 16. Upgraded Platform This advanced solution is an…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
CJ Foods has embarked on an ambitious journey in Japan by inaugurating its first production facility, marking a significant milestone in the expansion of Korean cuisine in one of Asia’s most discerning markets. The new plant, strategically located in Kisarazu…
South Korean retail behemoth Lotte Shopping is poised to expand its footprint in Vietnam, planning to open two to three new large-scale shopping malls in key cities by 2030. This initiative emphasizes Vietnam’s burgeoning significance within Lotte’s global…
Iicombined, the parent company of Gentle Monster, continues to expand its unique, experiential retail approach with the opening of its fourth Haus Nowhere location in Seoul. This recent addition to their portfolio further solidifies the company’s commitment…
As South Korea prepares for the much-anticipated return of Chinese tour groups from September 29, retailers are taking proactive measures to welcome them. To cater to these visitors, who will be allowed visa-free entry, a wave of new promotions is on the…
Misto Holdings, the parent company of Fila, has announced robust performance for its second quarter, with its consolidated revenue showcasing a 4.5 percent leap from the previous year to reach 1.23 trillion won ($888.8 million). The growth in operating profit…
The South Korean quick-service restaurant chain, Lotteria, is set to enter the Malaysian market by the end of the current year. This move is a result of a strategic alliance with the local firm, Serai Group. Exclusive Partnership with Serai Group As part of…
In the week following the introduction of government-issued consumption vouchers, South Korea’s convenience store chains reported a significant rise in sales. The four major chains – CU, GS25, 7-Eleven, and Emart24 – witnessed an increase of more than 10% in…
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Read by retail operators, investors and brand teams across Asia.