Shinsegae and Lotte Shopping submitted their bids to take over Korea's third largest e-commerce retailer, eBay Korea, a deal that will shake up the country's e-commerce retail segment.
Shinsegae Department Store's Terrace Home Camping event runs from Thursday until May 31, offering a variety of camping equipment from brands such as Basil Bangs, Lumiere 9 and Hatton Heritage.
Shinsegae Department Store’s net profit jumped 5,000 percent on-year in the first quarter on recovering consumption.
Department stores are emerging as a new Covid-19 vector after workers in major department stores in Seoul tested positive in recent days.
Men are spending more on luxury goods these days as they get married later and value work-life balance more.
Wine sales keep growing as Covid-19 continues to keep people at home, and vendors aggressively promote nesting and drinking.
Retailers and fashion companies in Korea are jumping on the cosmetics bandwagon.
The Emart-Naver stock swap is the latest step in the building of a dominant e-commerce player that may be able to fend off recently-listed Coupang.
Naver and Shinsegae are swapping stock in a complex deal that will add to a growing web of e-commerce alliances as the already competitive market becomes more so.