18 stories in this topic
CJ Olive Young looks set to solidify its front-runner position in the health and beauty store market, with GS Retail’s announcement that it will shut all of its Lalavla stores. Lalavla, GS Retail’s health and beauty store brand, will shut down all of its…
South Korean convenience-store operator GS Retail plans to hire local residents with ample knowledge about their neighborhoods to speed delivery of products in areas where alleyways and addresses may prove confusing. GS Retail, which runs the…
Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25, just 30 months after the brand was launched. The figures show how successful South Korea’s convenience stores have been in challenging…
South Korean retailer GS Retail has announced a KRW33 billion (US$29 million) equity investment in a US online retailer. The company has purchased stock in Thrive Market, in a move intended to secure a foothold in America’s thriving organic food sector. It is…
More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness. E-Mart24, the convenience-store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own…
South Korean convenience stores saw their sales more than double in some categories as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign. BGF Retail Co, which operates…
South Korean convenience store company GS Retail plans to grow its health and beauty store network by up to 300 this year. After running Watsons outlets through a 50-50 JV with AS Watson, GS Retail bought the balance of shares from the Hong Kong-based firm…
Watsons personal and beauty care stores across Korea will go through a makeover under a new name “Lalavla,” its operator GS Retail announced on Tuesday in hopes to take on the dominant player Olive Young in the burgeoning street beauty market through…
GS Retail, which runs South Korea’s GS25 convenience store chain, is facing questions over its profitability after it posted contracted numbers in its earnings last year. According to its regulatory filing, GS Retail logged KW30.9 billion (US$28.4 million) in…
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…
GS25 Vietnam says it will open its first store in Ho Chi Minh City in mid-January, after a two-month delay. Three more stores will open soon afterwards. Last July, GS25’s parent company GS Retail signed a JV agreement with Vietnam’s Son Kim group to open 2500…
Lotte, Shinsegae and other retailers in Korea have been shifting their focus to Southeast Asia as it has become difficult to conduct business in China amid deteriorating Korea-Sino ties. The increasing number of middle-class consumers in Vietnam and other…
GS Retail Co., a retail unit of South Korean conglomerate GS Group, will take over additional 50 percent stake in the Korean unit of drug store franchise label Watsons from Hong Kong-based A.S. Watson Group to make it its fully-owned entity, the company said…
South Korean convenience stores have long been a part of the country’s quick, fast-changing lifestyle, and are going a step further by producing their own private brands, as reported. “The private brand business here will continue to grow across all…
South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. “We decided to choose Legenda…
GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday. He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo — the fourth son of the GS…