Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Online retailers in Korea are set to open 13 outlets at Lotte Department Store branches in the next three months. “Online brands are continuously expanding into offline stores to raise their brand value and to receive real-time feedback from consumers,” says…
South Korea has stepped up efforts to overhaul its dependence on Chinese shoppers by shifting the focus to other Asian countries. The country’s tourism sector – especially the duty-free retail industry – is bearing the brunt of the fallout triggered by the…
Herr Seoul has opened its first store outside Korea. The prestigious Seoul barbershop has chosen bespoke menswear destination Attire House for its offshore debut, which opened this week. Founder Sangyoon Lee visited Hong Kong to meet customers and local…
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New…
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.…
Indonesia’s Salim Group is planning a major foray into e-commerce this year in partnership with South Korea’s Lotte. Indo Lotte Makmur, a 50-50 JV by the two conglomerates, will launch the iLotte online shopping platform as soon as July, putting US$88 million…
Australian luxury beauty brand Aesop has expanded its footprint in Seoul with a fifth signature boutique. On the ground floor of LG Twin Towers, a mixed-use complex in the upscale riverside neighbourhood of Hannam-Dong, the store is just 45 sqm. The new Aesop…
Italian luxury company Furla Group has had another year of what it describes as “exceptional growth” in turnover and profit. Sales soared 31.7 per cent in Japan, its strongest market in Asia, and the company is now setting its focus on boosting sales in China…
Japanese department store chain Isetan Mitsukoshi Holdings has appointed a new CEO as retailers battle to recover from a sharp fall in shopping spend by tourists. In a filing with the Tokyo Stock Exchange, Isetan Mitsukoshi says senior managing executive…
AirAsia will be “giving away” up to 3 million seats in its first major promotion of the year, the company said on Monday. People who book from today till Sunday – March 13 to 19 for travel between September 1 this year and June 5 in 2018 will enjoy fares from…
The Investment Coordinating Board (BKPM) said that South Korean investors will invest in numerous sectors in Indonesia. BKPM chief Thomas Trikasih Lembong said in this week alone, several project agreements will be signed. “I’m expecting for several…
On the heels of two Costco stores in South Korea beginning the transition to sourcing chilled beef from US sources, with the remaining 11 to make a similar shift from Australian beef to US imports, officials from the Iowa Beef Industry Council (IBIC) were…
South Korea sold more than $7 billion worth of consumer goods to China last year, a report showed Tuesday, amid growing concerns that this sector will suffer the most from a trade spat between the two countries over the deployment of an advanced US…
Following inspections, Chinese authorities have closed nearly two dozen Lotte Group stores. Lotte says that 23 of its supermarkets in its biggest overseas market have been shuttered, reaching from Dandong on the North Korean border to the east coast and…
Korean beauty products brand Mamonde has launched an e-commerce site on Lazada to introduce its skincare and makeup products into Singapore. Mamonde’s USP is using flower extracts in its products. Camellia, hibiscus, honeysuckle, lotus and magnolia blooms are…
Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers. Data released this week shows the Korean online industry growth is happening amid China’s retaliation against South Korea over…
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