Homeplus invests in bricks to get more clicks

Home > Business > Industry

print dictionary print

Homeplus invests in bricks to get more clicks

A new Homeplus Express supermarket in Siheung, Gyeonggi, that opened last month [HOMEPLUS]

A new Homeplus Express supermarket in Siheung, Gyeonggi, that opened last month [HOMEPLUS]

 
Homeplus is investing in stores to boost online sales.  
 
The company said Monday that it plans to open as many as nine Homeplus Express supermarkets by the end of the first half of next year with the goal of strengthening quick commerce.
 
Quick commerce is the delivery of goods, typically groceries, in under an hour. Quick commerce orders are usually placed online.
 
Homeplus runs a discount mart chain and Homeplus Express supermarkets.  
 
Homeplus opened a new branch in Siheung, Gyeonggi, last month. It was its first supermarket in six years.  
 
The new supermarket plan is a clear break with the past. The number of Homeplus Express stores fell from 365 in 2017 to 333 as of November.
 
Homeplus said that investing more in stores has become important for it to “confront the shock caused by Covid-19.”
 
For the discount mart business, Homeplus plans to add more groceries at 17 of its stores by the end of the first half of next year by renovating the space centered on fresh produce.  
 
The company said that it hopes to increase footfalls at stores by adding more fresh produce, the top-selling category, and reducing the area selling non-food products.
 
Homeplus said it is in the process of hiring 330 new employees to work at stores.  
 
Homeplus reported 93.3 billion won ($83 million) in operating profit in 2020, down 42 percent on year, on sales that inched down 4.6 percent to 6.97 trillion won.  
 

BY JIN MIN-JI [jin.minji@joongang.co.kr]
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now