Category: Retailing
South Korea Retailing
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Warehouse Clubs in South Korea
... 2020. Due to the continued social distancing measures, local consumers have spent greater time at home than usual and reduced their visits to crowded shopping centres, leading to bulk purchases of grocery items. Consequently, warehouse ... Read More
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Department Stores in South Korea
... local consumers have spent disposable income saved from such leisure activities on luxury goods. For instance, luxury brands such as Louis Vuitton and Christian Dior recorded double-digit revenue growth in 2020 despite the closure of ... Read More
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Home and Garden Specialist Retailers in South Korea
... specialist retailers. Homewares and home furnishings particularly benefited, as the home-cooking trend and remote working measures became part of South Koreans’ newly-developed lifestyles. Although the shift towards e-commerce took a share of growing demand from ... Read More
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Supermarkets in South Korea
... e-commerce. More specifically, cooking ingredients and meals showed exceptionally strong growth in 2020, benefiting from this trend. While local consumers traditionally plan their grocery trips, the pandemic-driven home-cooking culture increased the frequency of meals prepared ... Read More
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Food and Drink E-Commerce in South Korea
... Korea’s vaccination programme gradually instilled a greater sense of confidence amongst local consumers to spend time outside of the home towards the end of 2021, their habit changes in terms of food consumption, which has ... Read More
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Retailing in South Korea
... home seclusion, recording another year of double-digit current value growth in 2021, while store-based retailing witnessed marginal growth, failing to recover to pre-pandemic levels due to the accelerated digital shift. Euromonitor International's Retailing in South ... Read More
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Traditional Grocery Retailers in South Korea
... failing to differentiate from competitors in terms of attractiveness as a shopping destination, continued to experience declining value sales in 2021. The COVID-19 emergency fund, distributed to the majority of the population in September 2021, ... Read More
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Traditional Grocery Retailers in South Korea
... failing to differentiate from competitors in terms of attractiveness as a shopping destination, continued to experience declining value sales in 2021. The COVID-19 emergency fund, distributed to the majority of the population in September 2021, ... Read More
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Convenience Stores in South Korea
... areas where convenience stores are densely located. Consumers’ growing preference for ordering heavy grocery items from online grocery platforms while purchasing smaller items from nearby convenience stores also played a key role. Euromonitor International's Convenience ... Read More
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Apparel and Footwear Specialist Retailers in South Korea
... by the pandemic as it was in other countries since store closures and restrictions on daily activities were not as severe. Remote working and studying policies were in place for a short period, while consumers ... Read More
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Home and Garden Specialist Retailers in South Korea
... specialist retailers. Homewares and home furnishings particularly benefited, as the home-cooking trend and remote working measures became part of South Koreans’ newly-developed lifestyles. Although the shift towards e-commerce took a share of growing demand from ... Read More
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Department Stores in South Korea
... local consumers have spent disposable income saved from such leisure activities on luxury goods. For instance, luxury brands such as Louis Vuitton and Christian Dior recorded double-digit revenue growth in 2020 despite the closure of ... Read More
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Food and Drink E-Commerce in South Korea
... Korea’s vaccination programme gradually instilled a greater sense of confidence amongst local consumers to spend time outside of the home towards the end of 2021, their habit changes in terms of food consumption, which has ... Read More
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Convenience Stores in South Korea
... areas where convenience stores are densely located. Consumers’ growing preference for ordering heavy grocery items from online grocery platforms while purchasing smaller items from nearby convenience stores also played a key role. Euromonitor International's Convenience ... Read More
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Mobile E-Commerce (Goods) in South Korea
... to the pandemic, in 2021, South Korea maintained its position as one of the most mobile-savvy countries in the world. Among the various factors driving the continued growth of mobile shopping, enhanced digital literacy amongst ... Read More
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Variety Stores in South Korea
... waves of the virus. Aside from the core value proposition offered by variety stores, providing household goods at low prices, the channel also benefited from the growing demand for home décor and indoor hobbies as ... Read More
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Warehouse Clubs in South Korea
... 2020. Due to the continued social distancing measures, local consumers have spent greater time at home than usual and reduced their visits to crowded shopping centres, leading to bulk purchases of grocery items. Consequently, warehouse ... Read More
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E-Commerce (Goods) in South Korea
... closure of retail stores, many consumers continued to prefer online shopping rather than quickly returning to physical stores. Older consumers, who were one of the major drivers of the previous year’s accelerated demand for online ... Read More
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Health and Beauty Specialist Retailers in South Korea
... at the end of the review period due to intense competition from drugstores and e-commerce players. The performance of beauty specialist retailers has plunged since 2017 as the popularity of standalone cosmetics stores that tend ... Read More
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Direct Selling in South Korea
... the rapid growth of e-commerce. Continued restrictions on in-person sales activities due to social distancing has also hindered direct selling from making a more rapid recovery. Although the government introduced its plan to ease the ... Read More
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South Korea Retail Sector - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... South Korean retail industry is one of the largest markets among the Asian countries. Modern retail businesses, such as hypermarkets, grocery supermarkets, convenience stores, and online retailing, have rapidly grown over the years in comparison ... Read More
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South Korea Travel Retail Market - Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2027)
... as well as increasing numbers of Chinese and Japanese travelers. With a strong downtown retail presence, Korea’s travel retail market is focused on beauty, cosmetics, and fashion products. While increasingly affluent Mainland Chinese travelers have ... Read More
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South Korea Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend
... South Korea increased at a CAGR of 9.3% during 2017-2021. Over the forecast period of 2022 to 2026, the market is expected to record a CAGR of 7.9%, increasing from US$24.51 billion in 2022 to ... Read More
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Asia-Pacific Eyewear Market, By Product Type (Contact Lenses [Soft, and Rigid], Spectacles [Spectacle Lenses, and Spectacle Frames], and Sunglasses [Polarized, and Non-Polarized); By Material (Glass, Plastics, and Metal); By Category (By Lifestyle Eyewear [Fast Fashion Eyewear, Premium Eyewear, Luxury Eyewear], Sports Eyewear, Prescription Eyewear, and Specialty Eyewear) End-Users (Men, Women, Kids, and Unisex); By Distribution Chanel (Online Store, and Offline [Mono Brand Store, Multi Brand Stores, Optical Stores, Departmental Stores, and Others); By Age Group (Under 3 Years Old, 03-12 Years Old, 13-19 Years Old, 20-39 Years Old, 40-60 Years Old, and Above 60 Years Old); By Country (China, India, Japan, South Korea, and Rest of Asia-Pacific);Trend Analysis, Competitive Market Share & Forecast, 2015-2027
... Eyewear, Premium Eyewear, Luxury Eyewear], Sports Eyewear, Prescription Eyewear, and Specialty Eyewear) End-Users (Men, Women, Kids, and Unisex); By Distribution Chanel (Online Store, and Offline [Mono Brand Store, Multi Brand Stores, Optical Stores, Departmental Stores, ... Read More
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