Emart24 Archives - Inside Retail Asia
Competition among South Korean convenience stores over delivery services is heating up.
South Korean convenience-store owners are cancelling 24-service as minimum wage rise has eroded profits. Last year, president Moon Jae-in launched a campaign to raise the hourly minimum wage by 29 per cent over two years. With night-shift employees earning time-and-a-half pay, franchisees have been struggling to pay part-time staff during the small hours. Not all stores traded arou…
South Korean retail giant Shinsegae is developing a cashierless grocery-store modelled on the Amazon Go concept.
Shinsegae and Lotte are competing to take full ownership of Ministop South Korea.