Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
The Shilla Duty Free has pledged “brand new kinds of customer experience that the airport has never seen before” at its new Incheon International Terminal 2 perfumes & cosmetics stores. T2 opened on 18 January. The Shilla Duty Free was awarded the terminal’s…
Opening in Seoul on Saturday, Apple Garosugil will bring Apple’s products, in-store programming and services together in one place for the first time for South Korean customers. In the heart of the Gangnam area, the store features a 7.6m glass facade along a…
Korean eco-cosmetics brand Innisfree has partnered with Snoopy to release a limited-edition collection for the Year Of The Dog. Called Innisfree x Snoopy, the collection includes five-pastel-shade nail polish, creamy tint, cushion and palette cases, with…
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…
Prudential on Tuesday announced that it had reached an agreement to sell 100 per cent of its Prudential Vietnam Finance Company (PVFC) to Shinhan Card Co Ltd, a subsidiary of the Shinhan Financial Group (Shinhan), at a cost of US$151 million. The United…
Bitcoin’s descent continued on Monday, sliding 9% in late-morning trading after the cryptocurrency crumbled last week amid growing concerns from regulators in the U.S. and Asia. X Monday’s drop followed reports that South Korea, where cryptocurrency trading…
Hong Kong’s Affinity Equity Partners has joined a bidding scramble for Korean budget fashion and cosmetics brand Stylenanda. Also in the race are LVMH-backed L Catterton, L’Oreal and Shiseido, with the bid worth up to KW500 billion (US$467 million), insiders…
China and Hong Kong, along with Brazil, had the highest sales growth in local currencies for French cosmetics company L’Occitane International for the nine months to the end of December. China sales grew 23.4 per cent in local currency, with same-store sales…
Sales to foreigners at South Korean duty-free stores reached a record high in December, industry data shows. But that comes despite a sharp drop in the number of tourists, following a diplomatic spat between Seoul and Beijing over a US anti-missile system.…
Korean apparel retailer Handsome is launching a service for customers to have their selected clothes delivered and tried on at home before deciding whether to buy. Online shoppers can pick up to three pieces of clothing marked as available for the service and…
Korean beauty company Amore Pacific is to introduce its makeup and skincare brand Hera in Singapore with a counter at Takashimaya. Launching in April, the counter will offer not only Hera’s full range, but also its Homme line. Hera has been one of the main…
Bulgarian water bottling company Devin said on Friday it has signed a distribution agreement with South Korea’s Encyiks and Human Co. “Under the agreement, Devin will provide natural mineral, sparkling and spring water, which will be distributed in South…
Convenience store GS25 Vietnam officially opened the doors of its first store in Ho Chi Minh City today. Spread over 87sqm, the store is located on the ground floor of Empress Tower on Hai Ba Trung Street in District 3, close to the city’s CBD. Three more…
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…
Korean brand Moonshot cosmetics has opened its first Hong Kong outlet at T Galleria, operated by DFS Group. Before launching in T Galleria, Moonshot was distributed in Hong Kong and Macau through Sasa stores. Last year, the brand opened three stores in…
Burberry sales in Asia rose “by the mid single digits” in the three months to year end, as the company reported a modest 2 per cent same-store improvement gobally. Asia Pacific was the strongest performing market for the UK-headquartered luxury retailer, with…
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