Retail sales in Hong Kong, Singapore and South Korea lifted by single digits, respectively, for the month of December, as consumers in each Asian market spent more during the holiday period.…
.
Your one-stop source for retail intelligence in Asia
Lotte Duty Free nabs Jeju International Airport contract
Lotte Duty Free has won the rights to manage the departures duty free retail concession at Jeju International Airport, across 545 square metres of space.…
Thom Browne opens South Korea subsidiary
Zegna Group, the owner of the Thom Browne brand, announced it has reached an agreement with its Korean partner of 12 years, Samsung C&T Corporation, which will see Thom Browne […]…
Payment cards dominate South Korea e-commerce market
Payment cards were most preferred payment tool for e-commerce purchases in South Korea and accounted for 60.9 percent of payments made for online purchases in 2022, reveals the financial services cons…
South Korea makeup market to grow 5.5 percent CAGR through 2026
The South Korean makeup market is projected to rise to KRW2,827.8 million (USD 2.5 billion) by 2026, registering a compound annual growth rate (CAGR) of 5.5% over 2021–26, said GlobalData.…
Lotte Duty Free teases ‘Virtual Lotte Duty Free Tower’
At CES 2023 – dubbed the world’s most-influential tech event – in Las Vegas this month, Lotte Duty Free presented a virtual shopping space hosted in the metaverse. SEE ALSO: […]…
Naver completes acquisition of Poshmark
Naver Corp., Korea’s largest internet company, announced last week the completion of its previously-announced acquisition of Poshmark, Inc. SEE ALSO: Investors skeptical over Naver Corp.’s USD 1.2 bil…
Shinsegae inks distribution deal with Laura Mercier in South Korea
French beauty brand Laura Mercier has inked an agreement with Shinsegae International, for the distribution of its cosmetics and skincare in South Korea. SEE ALSO: Indian conglomerate Tata plans to op…
Popeyes reopens in South Korea
U.S. fast food chain Popeyes is returning to South Korea market, opening its first branch in Gangnam District, Seoul, on December 16. SEE ALSO: Jimmy Choo-themed cafe debuts in Seoul Fishery […]…
South Korea to host Gucci Cruise 2024 show
Gucci has returned to its traditional show schedule, kicking off Milan Fashion Week with a menswear collection in January, followed by its cruise 2024 show in South Korea in May. […]…