Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
British fashion label JW Anderson has opened its second store in Seoul, South Korea. Located in Galleria Luxury Hall East, the store resembles the brand’s flagship in London’s Soho shopping district. Its facade features a floor-to-ceiling glass wall with the…
JD Worldwide has teamed with LG and Korea International Trade Association (KITA) to introduce more Korean brands to Chinese customers. “The epidemic has encouraged more Chinese consumers to shop online. With this trend, we will put more effort into helping…
NYX Cosmetics is to close its retail operations in Malaysia after three years in the market. According to a report by Marketing-Interactive, the US cosmetics firm – a L’Oreal subsidiary – has permanently closed outlets in Suria KLCC, Sunway Pyramid, and…
South Korean retail sales rose by 2 percent during May, largely due to increased online shopping, according to the new Ministry of Trade figures. The year-on-year increase was strongly influenced by purchases of food and sanitary items online due to the…
Two years after first entering the Australian market, Innisfree has just opened its 10th store at Westfield Hurstville in southwest Sydney and says it will open two more stores in Westfield centers in Parramatta, NSW, and Burwood, Victoria, by August. The…
Facebook Shops has launched in South Korea to compete in a booming e-commerce market. On a playing field dominated by local businesses, Facebook’s service allows sellers to showcase their products via a highly customizable online storefront, which shoppers…
Major South Korean telcos are looking to launch unstaffed outlets as they try to provide business services without face-to-face contact amid the novel coronavirus pandemic. According to the sources, SK Telecom Co, the nation’s top mobile carrier, is planning…
With the coronavirus pandemic prompting the growing popularity of ‘untact consumption’, South Korea’s publishing industry is seeing online book sales outstrip offline sales. Kyobo Book Center, the No. 1 online and offline bookstore in South Korea, says that…
Fast-food chain McDonald’s sales grew 9 percent in South Korea during the first four months of this year, in spite of the impact of the coronavirus pandemic. The firm’s MD Antoni Martinez made the announcement on McDonald’s Koreas’ Youtube channel, his first…
South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in tourist numbers caused by the coronavirus epidemic. Numerous outlets at prime tourist destination Jeju Island will be closed this month. A…
South Korean retail sales rose by 3.9 percent year on year during April. The nation’s retail industry in general has benefitted from increasing demand in the e-commerce sector brought on by changes in consumer behavior in the midst of the coronavirus…
Starbucks is expanding Teavana in South Korea. According to the Korea Herald, The number of Starbucks’ premium Reserve-branded coffee houses serving Teavana drinks has expanded from 13 to 52. The tea has grown in popularity within the territory since it was…
A year has passed since South Korea’s first Blue Bottle Coffee shop opened in Seoul’s eastern Seongsu neighborhood – a trendy hangout spot where young artists and designers renovated existing buildings into art spaces, fine restaurants and cafes to woo…
South Korea is set to introduce disposable cup deposits at coffee shops and fast-food outlets, starting 2022, in its latest efforts to cut carbon emissions. Under a set of bills approved in Parliament this week, businesses will factor the deposits into prices…
Shinsegae, one of South Korea’s largest retail groups, has reported its net profit fell 99.8 percent year on year as the Covid-19 crisis effectively shut down the nation’s tourism industry and caused local consumers to stay home. The conglomerate, whose…
Kurly, a South Korea-based grocery-delivery startup, has netted Series E funding totaling KRW200 billion (US$160 million). The funding round for the five-year-old company was led by DST Global, with additional participation from several existing backers –…
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