Tag Archives: South Korea

Innisfree Philippines set for launch

innisfree

(Source: Inside Retail Philippines | September 21, 2018) Another South Korean brand is coming to the Philippines, as Innisfree is expected to open its first branch at SM Mall of Asia. The store is currently being fitted out, but the corner site on the ground floor of the mall already carries signage of the beauty brand. The opening is still ...

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South Korea still dominates global duty-free market

Airport Retail

(Source: Inside Retail Asia | July 4, 2018) South Korea has maintained a dominant share of the global duty-free market, despite its recent political turmoil. According to a GlobalData report, with a 22 per cent share of sales, South Korea is the world’s largest duty-free market, which reached a sales high of US$11.7 billion last year. The past two years ...

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What does travel retail experience look like?

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(Source: Retail In Asia | April 20, 2018) With the news that South Korean gateway is number one airport duty free sales location worldwide, it comes as no surprise that many brands and businesses are continuing to include travel retail as a key part of their growth strategy. After all, the travel retail space offers something no other retail environment can. ...

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Japanese’s famous multi-brand ‘Atmos’ opened its first store in Korea.

atmos

(Source: Retail in Asia | December 22, 2017) Atmos is a fashion multi-brand store currently running 30 outlets in Japan. Seoul is its second overseas store after New York. Atmos is Tokyo’s iconic street boutique established in 2000. It is the first shopping destination for footwear brands because of its ability to catch the latest trends and spread them in ...

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Korean online mall sales lose traction

Smart phone online shopping in woman hand during Christmas. Shopping center in background. Buy clothes shoes accessories with e commerce web site

(Source: Inside Retail Asia | September 6, 2017) South Korean online mall sales growth has decelerated as competition grows more fierce, government data shows. There was a 3.6 percent increase in the combined revenue of 26 offline and online retailers to 10.22 trillion won (US$9 billion) in July, according to the Ministry of Trade, Industry and Energy. This gain marks ...

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Amazon Korea could crash, say experts

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(Source: Inside Retail Asia | August 1, 2017) As Amazon Korea gears up, analysts are tipping it will take the same path as Wal-Mart in South Korea: failure and withdrawal. It is expected it will not have a big impact on the retail industry, reports Business Korea. Amazon Korea has hired dozens of full-time employees, including marketing, sales, and e-commerce ...

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Lina’s Paris heading toward dozen in Seoul

07-14 Lina’s Paris heading toward dozen in Seoul

(Source: Inside Retail Asia | July 7, 2017) Concept cafe Lina’s Paris has opened its 11th outlet in Seoul, in the picturesque area of Insadong. Following the launch of a Lina’s corner in Seoul Art Center, the latest store covers 60 sqm and offers 35 seats. While the chain has a presence in several countries, South Korea is its sole ...

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Korean singles driving retail reform

Source: The Korean Herald

(Inside Retail Asia | 27 April 2017) The rapidly rising ranks of Korean singles is driving huge changes in the country’s retail industry. Currently 27 percent of the country’s population lives alone, a figure set to soar to 32.7 percent by 2030 – or one in three homes. Seol Do Won, vice chairman of the Korean Chainstore Association told the ...

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Moncler Asia revenues rise

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(Source: Inside Retail Asia | 5 May 2017) Moncler Asia revenues rose 12 per cent in Asia in the latest quarter. The Italian-headquartered fashion retailer says sales in both its own stores and wholesale channels recorded “very good performances” in Japan, especially, where it says Moncler enjoys a “particularly strong brand perception”. Moncler continued its solid growth in Mainland China, ...

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Korean food delivery app boom

Photo from: Koreabizwire.com

(Source: Inside Retail Asia/KoreaBiz Wire | 12 April 2017) Korean food delivery apps are experiencing a boom, driven by burgeoning demand amid the spread of the lone-eating trend and a rising number of single households, industry sources say. Baedal Minjok, a leading mobile delivery app run by local startup Woowa Brothers, raked in 84.8 billion won (US$74.8 million) in revenue ...

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