GS25 Archives - Inside Retail Asia
The slump in fortunes at large discount stores is continuing and the growth of convenience stores in South Korea is accelerating in line with social changes.
Retail sales in Vietnam’s commercial capital Ho Chi Minh City were estimated at US$4.8 billion last month, up by 11.2 per cent year on year.
Competition among South Korean convenience stores over delivery services is heating up.
South Korean convenience-store chain GS25, owned by GS Retail, has opened a futuristic convenience store without a checkout counter in Jung District, Seoul this week. The store, which is located in the headquarters building of a local credit card company BC Card, is similar to Amazon Go, checkout-free offline malls in the US. One can enter the convenience store by scanning a BC Paybo…
South Korea’s retail industry is discovering discount wine is a strong driver of customer growth in brick-and-mortar stores. Wine consumption has been on a steady rise for years, but selling alcoholic beverages online is illegal in South Korea, so the category is a drawcard for customers who might otherwise shop online. In response, the industry is using a strategy to put out cheaper…
South Korean companies are engaged in a fierce battle with Japanese rivals in the Vietnam retail market, which has emerged as a “post-China.”
South Korea’s CU convenience store chain will expand its footprint to Vietnam, its second international market after Mongolia.
Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards.
GS25 has launched a new “half-priced” delivery service, promising discounts of up to 65 per cent.
The Vietnam retail sector is forecast to record double-digit growth from 2019 to 2024.
South Korean convenience store openings in South Korea fell last year, according to industry data.
South Korean convenience store operators have agreed not to engage in cut-throat competition.