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Starbucks confirms sale of stake in South Korean business
The deals are expected to be completed during the next 90 days.
Retail news around the globe
Clarins unveils new boutique at Great World; Korean department stores diversify into food delivery services; E-mart to l...
E-mart set to quit Vietnam
E-mart will enjoy royalty fees from Thaco Group and its supermarket will be run as a franchise.
South Korean discount warehouses prosper during pandemic
Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seei...
Shinsegae profit all but evaporates as Covid-19 hits sales
Shinsegae, one of South Korea’s largest retail groups, has reported its net profit fell 99.8 per cent year on year as th...
South Korean convenience stores in delivery-service battle
Competition among South Korean convenience stores over delivery services is heating up.
Apple and Levi’s follow Starbucks, Ikea with China store closures
Apple and Levi’s joined the growing list of international retailers shuttering stores in Mainland China as the infection...
South Korea’s No Brand chooses Manila for first overseas foray
South Korean hypermarket operator E-mart is set to open its first overseas No Brand outlet in the Philippines.
E-Mart plans to sell stores to reduce debt
South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation.
South Korea’s largest retailers forced to embrace delivery services
South Korea’s largest retailers are having to invest in logistics to cope with rising online spending and personalised d...
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