Korea Joongang Daily
Korea JoongAng Daily

Retailers drastically slash prices to boost sales amid inflation-fueled spending drought

Retailers are rolling out ultra-low-priced products as inflation-weary consumers keep their wallets closed. The strategy, known as “small margin, high volume,” aims to boost overall sales by offering essential items at rock-bottom prices.

2025-06-23

Emart reports best quarterly earnings in 8 years on retail innovations

Emart reported its strongest quarterly earnings in eight years for this year's January-March period, powered by deep cost restructuring and a renewed focus on core retail operations.

2025-05-12

Will Starbucks Korea be the first to launch in-store kiosks?

Starbucks Korea is considering the introduction of electronic self-order kiosks in its stores by the first half of this year, potentially becoming the first country with kiosks at the coffee giant's stores.

2025-04-16

Red day at Emart: Spring food sale begins

Models present a range of food items for Emart's spring sale at the hypermarket's Yongsan branch on March 13.

2025-03-13

Emart to open two new branches in Seoul, Incheon

Emart plans to open two new stores this year, focused on groceries.

2025-03-05

Emart's Q4 net loss widens on-year due to one-off costs, says retailer

Emart said Tuesday its fourth-quarter net loss widened from a year earlier due to one-off costs. Net losses deepened to 596.3 billion won ($410 million) from 107.1 billion won in the year-ago period, the company said in a regulatory filing.

2025-02-11

Shinsegae's chairman boosted Emart's stock — but the company's troubles aren't over

Shinsegae Group Chairman Chung Yong-jin is buying his mother's Emart shares for $146.5 million. The unconventional move may uplift stock prices, but long-term success depends on competing with e-commerce giants.

2025-01-13

Shinsegae shares drop as Alibaba deal deemed unlikely to increase short-term profits

Shinsegae Group shares dropped Friday as analysts said the retail group's recent deal with Alibaba to form a joint venture on their respective online marketplaces was not likely to increase profits for shareholders in the short term.

2024-12-27

Shinsegae, Alibaba to form $4B joint venture amid intensifying e-commerce rivalry

Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket and AliExpress Korea.

2024-12-26

Emart to enter Laos with first No Brand store

Emart will expand to a third Southeast Asian country as it brings its budget-friendly private label No Brand to Laos on Friday.

2024-12-05