Shinsegae Archives - Inside Retail Asia
Shinsegae Department Store has opened a luxury bike shop.
South Korea’s largest discount supermarket operator E-mart says it is recommitting to the China market and will stop closing stores there.
Korea’s Shinsegae Group is about to open a massive shopping centre northwest of Seoul which it hopes will take the fight to Ikea for homewares shopping.
UK retailer Tesco has reportedly engaged HSBC to manage the sale of its South Korea retail operations.
Korea retail sales – measured in department and discount stores – fell again in March.
Luxury houses establish Korean branches.
French confectionery brand La Cure Gourmande has made its Asian debut in a Lotte department store in Seoul.
Shinsegae Vietnam will launch discount store brand E-mart in Ho Chi Minh City by the end of 2015.
Luxury spending is up, online sales are up, but Korean retail sales remain sluggish.
UK department store John Lewis will open 11 concessions inside SM Retail and Our Home stores in the Philippines.
Korea luxury sales soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands.
The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea.
Although the overall trade volume through Korean online retailers stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower than the 46.63 trillion won (US$ 42.90 billion) trade volume for offline retailers, sales through foreign online retailers in 2014 reached 1.66 trillion (US$ 1.54 billion), which resulted in combined ove…