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.
Models present a range of food items for Emart's spring sale at the hypermarket's Yongsan branch on March 13.
Emart plans to open two new stores this year, focused on groceries.
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.
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.
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.
Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket and AliExpress Korea.
Emart will expand to a third Southeast Asian country as it brings its budget-friendly private label No Brand to Laos on Friday.
Emart is celebrating its 31st anniversary with a Star Sale featuring discounts on items like laundry detergent, olive oil, and frozen pizza, running from Friday to Thursday.
Emart reported a significant increase in quarterly net profit, driven by sales growth and affiliate gains, despite a slight overall sales decline. The company plans to enhance pricing strategies and online offerings moving forward.
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