All South Korea articles – Page 4
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News
Gross sales rIse at Lotte Shopping
Lotte Shopping’s gross sales rose 20.3% to SKW5.5trn (£3.1bn) in its second quarter for 2011. Operating profit rose by 8.1% to SKW437bn (£243.8m) while net profit soared by 17.1% to SKW301bn (£167.9m).For the first six months, gross sales climbed 23.8% to SKW11.2trn (£6.25bn). In terms of sales, the group’s Lotte ...
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GallerySuper markets
Food retail store design thinking says that supermarkets lack character and that if elements of traditional markets can be put into them, all will be well. But is this viable? John Ryan reports
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NewsTesco Asia trip shows grocer is realising global rewards
Analysts believe Tesco is “beginning to enjoy the benefits of its global scale” after the grocer ran an investor trip to Asia this week.
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News
Lotte Shopping Q3 sales up 23.1% to £1.9bn
Lotte Shopping has reported a strong set of results for its third quarter with gross sales up 23.1% to KRW3.5trn (£1.9bn). Operating profit was up by 44.7% to KRW241bn (£133m), while net profit increased 25.7% to KRW183bn (£86m). It had a good performance in all divisions, with like-for-like sales growth ...
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News
Ikea to enter South Korea
Ikea Group president and chief executive Mikael Ohlsson has reiterated comments made on a recent trip to Delhi that the retailer is preparing for market entry into South Korea. He has also confirmed the retailer’s plans to enter the Croatia and Serbian markets in the next few years.
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GalleryHyundai department store Ilsan, Seoul
The newly-opened Hyundai department store in Ilsan, just outside Seoul, is the kind of thing that you just don’t see in Europe or North America these days. This is 430,000 sq ft of retail space, organised over 10 floors, with everything from a supermarket and deli in the basement, to ...
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News
South Korea parliament considers limits on supermarket business
The country’s parliament is considering two bills that would impose restrictions on the opening and business of large supermarkets. Under one bill, currently passing through parliament, opening an urban supermarket with an area of between 10,760 sq ft and 32,290 sq ft would require permission from the local government. ...
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AnalysisSlow road to South Korea will help Ikea’s prospects
Ikea has reported that group sales for the year ended August 31, 2010, rocketed 7.7% to €23.1bn (£19.2bn).
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AnalysisTesco’s Far Eastern promise
Combining its global scale with local knowledge is key to Tesco’s growth in Asia, incoming chief executive Phil Clarke tells Jennifer Creevy
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