Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Korean retail sector.
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Lotte Confectionery Co will launch a snack subscription service dubbed “Monthly Snack,” the first of its kind in South Korea.
Major South Korean telcos are looking to launch unstaffed outlets as they try to provide business services without face-to-face contact amid the novel coronavirus pandemic.
South Korean food-and-beverage company SPC Group says it will launch its bakery-cafe chain Paris Baguette into Canada next year.
With the coronavirus pandemic prompting the growing popularity of ‘untact consumption’, South Korea’s publishing industry is seeing online book sales outstrip offline sales. Kyobo Book Center, the No. 1 online and offline bookstore in South Korea, says that its book sales via mobile and web platforms this year comprised 33.4 per cent and 22.9 per cent, respectively, of total sales.
Fast food chain McDonald’s sales grew 9 per cent in South Korea during the first four months of this year, in spite of the impact of the coronavirus pandemic.Michael Arnold
US mall operators Simon Property Group and Taubman Centers have called off their planned merger, citing the impact of the Covid-19 on the retail industry.
Mulberry is culling about 25 per cent of its staff worldwide as it right-sizes in the wake of the Covid-19 pandemic.
Asia-Pacific apparel markets are better placed to counter the impact from the Covid-19 crisis than those of North America and Europe, according to research from GlobalData.
South Korea’s antitrust regulator has fined food-delivery app Yogiyo US$382,000 for exploiting its dominant position in the local market.
Gentle Monster has unveiled its new Hongdae flagship in Seoul with a religious-inspired design theme it calls ‘Sacrifice’.
Japanese department store sales plunged 60 per cent last month as the Covid-19 crisis saw retailers close or operate under reduced hours across the country. Sales in the Matsuzakaya and Daimaru department stores were down 73.2 per cent year on year, although that was an improvement on the 79.1-per-cent decline a month earlier. Rival operator Takashimaya says its sales were down…
South Korean online sales surged 38.9 per cent in March while sales at brick-and-mortar stores fell 19 per cent during the peak of the Covid-19 pandemic.