Topic
120 stories in this topic
Korea’s Lotte Group plans to invest KRW3 trillion (US$2.8 billion) into its e-commerce business. Lotte Shopping CEO Kang Hee-tae says a comprehensive online shopping platform will integrate all eight of its online stores by 2020. Lotte Group will form a…
Shinsegae Group’s discount chain E-mart has decided to shut several more stagnant stores this year to improve the company’s efficiency. Shinsegae says it has also sold its Deoki-dong branch in Ilsan, Gyeonggi Province. The outlet had initially been a Walmart…
Scottish golfwear brand Glenmuir has opened its first Korea pop-up store in Gangnam. Located in Shinsegae Department Store, the short-term store offers the company’s Spring/Summer 2018 collection. Glenmuir plans to open a permanent shop inside Shinsegae…
British fashion brand Reiss has launched in South Korea, at Shinsegae Department Store in Kangnam. Introduced by Shinsegae International, the brand plans to open 12 stores in both Shinsegae and Lotte department stores across the country by the end of this…
Shinsegae’s discount chain E-mart plans to enter the US by opening its premium food outlet PK Market. While mostly high-end products will be sold at the South Korean group’s outlet, some of its low-tier private brands such as No Brand and Peacock will also be…
A KitKat flagship store has been launched in Shinsegae’s Gangnam department store in South Korea. It has been opened by Swiss food giant Nestle’s Japanese unit, which has developed special flavours for the chocolate wafer snack in collaboration with chef…
South Korean retail heavyweight Shinsegae has drawn a US$938 million investment to help it build a major e-commerce business. Shinsegae has signed an initial funding agreement with BRV Capital and private equity company Affinity Equity Partners as it strives…
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…
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…
Starbucks Korea’s annual operating profit soared past 100 billion won (US$94 million) for the first time last year, despite intense competition in the domestic cafe sector. Industry sources told Yonhap news service the record result was driven by solid demand…
Shinsegae Department Store Beauty multi-shop ‘CHICOR’ opens the largest flagship store in Gangnam Station. Gangnam is the 6th store and the first road shop after Daegu, Gwangju, and Goyang. CHICOR Gangnam is opened in the main street of Gangnam Station which…
The head of South Korea’s antitrust watchdog said on Dec. 31 that the country’s large businesses groups should work hard to improve their complicated ownership structures and refrain from wielding their market dominance. “Large conglomerates should make…
Mongolia recently got its second E-mart, the discount chain of Korean retail giant Shinsegae. Unlike the first store, which has its own building, the second store is renting 5,000 square meters on the first and second floors of the Solo Mall in western…
Shinsegae Duty Free has been awarded the fashion & accessories contract at Incheon International Airport Terminal 2. The DF3 concession covers 14 stores embracing 4,889 square meters of retail space. It draws a line under troubled period for the concession,…
South Korean retail conglomerate Shinsegae Group that announced a complete pullout of its discount Emart stores from China instead has beefed up online activities in the world’s most populated and biggest e-commerce market. Shinsegae Department Store said…
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…
