GS Retail Archives - Inside Retail Asia

South Korean convenience stores wind back 24-hour service

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 chains stop selling DHC products after offensive YouTube slur

South Korean health-and-beauty stores have suspended sales of products from Japanese beauty firm DHC Corp, after the company made offensive remarks about Koreans.

South Korea’s GS25 launches parcel service

GS25 has launched a new “half-priced” delivery service, promising discounts of up to 65 per cent.

GS Retail opens smart convenience store

South Korean retailer GS Retail has opened a “smart convenience store” using facial-recognition technology.

South Korean convenience store chains prosper

South Korea convenience store operators GS25 and CU recorded strong earnings in the second quarter of this year.

GS25 achieves 10,000-store milestone for Cafe 25 concept

Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25.

GS Retail buys into US-based Thrive Market

South Korean retailer GS Retail has paid US$29 million for a stake in US online retailer Thrive Market.

South Korean c-stores boost private-label ranges

More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness.

South Korean convenience stores thrive through World Cup

South Korean convenience stores saw their sales soar as their national football team played its first game of the World Cup.

GS Retail talks with producers in Vietnam

GS Retail has met with Vietnamese producers to add local tastes to its brand offerings as it expands its retail presence in the communist country.

GS Retail to expand Lalavla network

South Korean convenience store company GS Retail plans to grow its health and beauty stores by up to 300 this year.

GS Retail rebrands Watsons Korea as Lalavla

GS Retail is rebranding Watsons in South Korea as Lalavla with the aim of appealing to a younger demographic.