Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Korean retail sector.
Korea Latest News - Inside Retail Asia
CJ Foodville has opened its first Tous Les Jours China store in the Xinjiang Uyghur Autonomous Region.
Prada South Korea has opened its first store selling only menswear.
Samsung says its Samsung Pay mobile wallet solution will launch in the second half of 2015.
Tesco’s South Korean supermarket business Homeplus is to be subject of a class action over alleged privacy breaches.
Grana fashion, specialising in “high-quality fashion at disruptive prices” is expanding into three new Asian markets this year from its Hong Kong base.
The Korean parent of skincare brands including Laneige, Sulwhasoo and Etude, plans to open some 350 new stores this year.
South Korea’s largest discount chain, E-mart, is to start selling on Alibaba’s T-mall in a fresh attempt to break into China’s seemingly impenetrable online market. The Korean company believes the Alibaba-powered online shopping mall is the key to success after previous attempts to crack the China market flopped. From mid-March, E-mart will sell about 100 food and electronic products, including rice cookers and soybean paste on Tmall Global. E-mart would be joining other South Kor…
Changi Airport’s duty free retail business takeover is now complete: Shilla Singapore formally opens.
Sales at Korea’s leading department store groups fell by nearly 10 per cent in January.
Babywear retailer Mothercare is to launch in South Korea. The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. South Korea becomes the 17th Asian market for Mothercare. Four shops will initially open in Seoul, Suwon, Daejeon and Bucheon next month. Products will be sold online in a subsection of the Homeplus online store. “South Korea is a country we have been looking to ser…
By Lina Jang of Korea Bizwire Hotel Shilla is aiming to take over DFASS, the world’s largest in-flight duty-free specialty retailer, to expand its duty-free business to on-board duty-free shopping. According to retail industry experts in Korea, Hotel Shilla selected Goldman Sachs as the managing underwriter for its acquisition of DFASS, and is now fine-tuning the detailed conditions for the purchase of controlling rights, such as the sales price. The hotel currently runs its duty-free…
Malaysian cable TV operator Astro has entered a joint venture with South Korean multimedia retailer GS Home Shopping. And Astro is projecting sales of RM500 million (US$143 million) annually by 2019 after the service has gained critical mass. Astro will own 60 per cent of the joint venture, Go Shop, which will operate 24-seven on TV and online. The service was soft launched in a trial last November. Datuk Rozalila Abdul Rahman, CEO of the JV, said the key to the concept’s success will…