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The first quarter of 2025 presented significant challenges for the South Korean department store industry due to a notable decrease in domestic consumption. This tough economic climate had a substantial impact on sales and profits. Lotte Department Store was…
ondon-based high-end furniture and home furnishing store chain The Conran Shop will open its first South Korean outlet in the second half of next year in partnership with the country’s leading department store chain Lotte Department Store. Lotte Department…
Demand for party supplies from South Korean retailers is soaring as a growing number of people prefer to host end-of-year celebrations at home instead of going out. According to E-Mart, wine and cake sales at six stores in Daegu last month soared 18.9 per…
Shinsegae Department Store has become the first South Korean retailer to deploy a marketing strategy using AI technology. A wave of artificial intelligence (AI) is sweeping the nation’s retail industry, as major department stores and online shopping malls…
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…
Korean food companies are reaching out to consumers through face-to-face encounters at their own branded cafes and restaurants. And they are reaping the rewards: upgrading their company image, testing new products and increasing sales. Binggrae gave its…
South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea…
Korean department stores have become the new battleground for Korean restaurant chains. Restaurants have long been a lucrative business for department store operators – accommodating hundreds of weary shoppers every day, they have sometimes been referred to…
Lotte Department Store is to implement a ‘Virtual Fitting Service’ for customers to try on clothes, without actually putting them on. The service uses a special mirror that provides a virtual reflection of the customer wearing the clothing by applying a 3D…
A BMW cafe in Korea has opened inside a Lotte department store in Incheon. Lotte Department Store’s Premium Outlet allows visitors to enjoy the BMW motorcycles and related accessories such as clothing and helmets. The cafe open today, May 27. Free…
The largest South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver. The country’s…
Chinese travellers have emerged as one of the few bright spots for Korean department stores suffering from dull domestic consumption. The arrival of a new demographic of consumers has prompted an all-out fight to attract deep-pocketed clients, industry…
Lotte Group has launched a smartphone app for Chinese tourists visiting Korea. The application is called ‘TianTianLeTian’, and provides visitors with information on shopping, tourism, and other services offered by Lotte companies. Department stores and large…
On top of seasonal sales and occasional promotions, major South Korean retailers have been holding a series of big discount events since summer to create an intense, promotion-heavy atmosphere through the Christmas season and beyond. The discount binge has…
People love bargain deals. Clearance sales with 80 percent or more off can even lure customers in to buy things they don’t need. That’s why retailers offer “door buster” deals when they need to handle rising stockpiles or attract customers during holiday…
Retailers have marked down prices further for a government-led nationwide sales event dubbed Korean Black Friday after it faced ridicule for the lack of preparation. On Tuesday, the sixth day since the grand sale event launched, major department store chains…
