Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korean fashion and retail group E-Land is surrendering its Coffee Bean & Tea Leaf China franchise licence. The move is expected to improve the conglomerate’s reportedly strained cash-flow situation and mark a more focused approach to retail. It comes…
Following a new customer service strategy, South Korean travel retailer Lotte Duty Free exited part of its duty-free concession at Incheon International Airport Terminal 1 this Tuesday, 31st of July. Its tactical shift aims at providing greater focus to its…
South Korean luxury eyewear brand Gentle Monster has opened an eye-catching new store in London. The 450sqm store was launched in the city’s West End, representing the initial step in a broad-ranging plan to expand the firm’s business in Europe. The new…
Fashion label Ralph Lauren sales reached US$1.4 billion for the first quarter of this fiscal year, driven by sales in Asia and Europe. Ralph Lauren sales in Asia increased 19 per cent to US$248 million on a reported basis and by 16 per cent in constant…
Lotte Duty Free exits its contentious Incheon International Airport Terminal 1 cosmetics, fashion and leathergoods contracts, to be replaced by Shinsegae Duty Free. As reported, South Korea’s duty free giant served notice on 13 February of its intention to…
South Korean fashion retailer A Land, known as a department store format for millennial shoppers, has opened in Brooklyn, New York. The store’s first Western Hemisphere location plays host to many of the same brands it features in its Asian stores, marking a…
International luxury fashion and perfume house Givenchy has just launched in Korea. Its first Givenchy Beauty outlet opened on 31 July at the Hyundai Department Apgujeong store in the posh neighborhood in Southern Seoul. A Hyundai Department Store official…
The beauty care industry is doing better than expected in Vietnam, but foreign brands are the ones sitting pretty. Nguyen Van Minh, chairman of the Vietnam Essential Oils Aromas and Cosmetics Association (VOCA), said companies in the beauty and personal care…
South Korean retail sales rose 7.4 per cent in the first half of this year based on solid performance in e-commerce. Data from the Ministry of Trade, Industry and Energy showed online sales running 16.3 per cent higher than during the same time last year,…
London-based household appliance maker Morphy Richards has launched in the South Korean market. The heritage brand hopes to find a niche in a country dominated by global electronics giants via its local distributor M&S Solution, which already hosts an…
Global research organisation IGD has reported that Asia’s large format retailers are set to grow 3.3 per cent a year to 2022, with Vietnam, India and the Philippines forecast to see double-digit growth from large format players over the next five years. Most…
The top two domestic beauty companies have posted strong second quarter earnings, indicating that they are finally recovering from the loss of Chinese customers following the Thaad deployment last year. Both Amorepacific and LG Household & Health Care…
South Korean retailer Lotte will launch a new department in charge of the business group’s online businesses this week. The move is part of a plan to speed up efforts to cope with the rapid expansion of the country’s online market. Earlier in May, Lotte…
Swedish furniture giant IKEA will open its third store in South Korea in Giheung-gu, Yongin to make its products more accessible to customers in the Southern metropolitan area. IKEA Korea held the groundbreaking ceremony for the new outlet on 25 July in…
Fashion retailer Off-White has opened two more retail locations in Seoul. The standalone Off-White South Korea store in Cheondong is made with light brick with glass inlays, giving pedestrians a view into the store’s floor and displays of sneakers,…
Kia Motors said Friday that its second-quarter net profit fell 15 percent from a year earlier on a strong won and increased incentives to cut inventories. Net profit for the three months that ended on June 30 fell to 331.8 billion won from 389.6 billion won a…
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