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Shinsegae

Shinsegae Archives

Sales growth disappoints South Korean department store operators

A South Korean government-led retail sale festival designed to boost spending amid the coronavirus outbreak ended yester...

South Korean duty-free retailers shutter downtown stores

South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in ...

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...

Sale week boost for South Korean retailers – but for how long?

South Korean retailers experienced a burst in consumption during the so-called ‘golden holiday’ spanning six days from t...

Louis Vuitton raises prices in South Korea

French fashion house Louis Vuitton is raising prices for its luxury items in the South Korean market, allegedly in a bid...

South Korean duty-free stores cut hours as travel-retail dries up

South Korean duty-free stores are electing to temporarily close for business as the coronavirus pandemic continues.

South Korean department stores look to VIPs as sales slide

South Korea's department-store industry has launched an all-out effort to secure VIP customers who spend more than ordin...

Coronavirus to wipe US$8.3bn off Asia-Pacific duty-free sales

The coronavirus outbreak has substantially altered forecasts for Asia-Pacific duty-free sales this year, according to re...

Shinsegae cedes claim to BTS brand after legal stoush

South Korean department store franchise Shinsegae has relinquished its claims to the K-pop boy band BTS brand name follo...

Shinsegae department store sets sales record as foreigners splurge in Gangnam

Shinsegae Department Store says its outlet in Gangnam, an affluent area in southern Seoul, reported US$1.7 billion in ac...