Shinsegae Group news

13 August 2019
Shinsegae’s Emart announced this week that it plans to raise KRW1tn (US$820m) by selling assets and will buy back stocks worth some KRW100bn to boost shareholder value. Posting loss for the first time The action came as the country’s leading retailer saw net profit loss in the second quarter of the year for the first time in its history. Compared with a net profit of KRW95bn a year ago, thi...
26 June 2019
SSG.com, the ecommerce unit of South Korea’s retail conglomerate, Shinsegae, launches early morning delivery service in June. Order by midnight, deliver by 6 a.m. Orders can be placed as late as midnight with deliveries guaranteed to arrive by 6 a.m. the next day. The service covers up to 10,000 items, including fresh food, bakery, cooked meals, pet food and baby products such as nappies an...
01 March 2019
South Korean retail giant Shinsegae is to open a new Emart Traders store in Seoul this month, which will be its first branch in the capital.  High expectation of the new branch This first Emart Traders in Seoul will be located in Wolgye-dong, Nowon District. It will be in the parking lot of Emart’s Wolgye store, with 45,302 square meters of floor area. The first Seoul branch is expected ...
27 February 2019
Hailed as South Korea’s answer to Amazon, Shinsegae is to launch SSG.com in March 2019 by integrating its two online businesses. Integration driven by demand SSG.com is formed by combining Shinsegae’s two online business units, the Shinsegae mall and the Emart mall. The company made the announcement  back in January 2018 and is now going ahead with the plan. “ The integration of onlin...
11 February 2019
South Korea retail conglomerate opened a new format for its Emart brand, called the SSG Food Market, in Seoul. A fusion of supermarket and food hall The new 4,000 sqm development is a fusion of premium supermarket and food hall. It includes an extensive fresh food department, with additional features such as a fishmonger, a butcher, a Korean deli, a sushi restaurant, a café, a florist and a...
10 December 2018
South Korean’s largest retail chain Emart snatched up US food retailer Good Food Holdings for $275mn. Emart’s first foreign acquisition California-based Good Food operates 24 stores under three banners: Bristol Farms, Lazy Acres and Metropolitan Market. With this acquisition, Emart will gain 12 Bristol Farm’s stores, five Lazy Acre’s and seven Metropolitan Market stores. This is Emart’s fir...
05 December 2018
South Korea’s FTC (Fair Trade Commission) approved a set of voluntary rules agreed by convenience store operators to better protect struggling franchisees. Minimum distance between stores Five members of the Korea Association of Convenience Store Industry, CU, GS25, 7-ELEVEN, MINISTOP, C-SPACE and Emart24, came up with a voluntary agreement to curb excessive competition. A key centerpiec...
20 November 2018
South Korean discount chain operator Emart signed an agreement with the local retailer Robinsons to launch two of its private labels in the Philippines. Expand global presence through private labels Under the agreement, Robinsons will set up and operate 25 Emart “No Brand” and 25 “Scentence” stores by 2020. No Brand sells daily necessities and food items. Scentence is Emart’s beauty brand. ...
03 October 2018
Shinsegae Group vice chairman Chung Yong-Jin has provided more details on its plans to open PK Market, an upscale version of Emart, in Los Angeles. Global expansion The announcement comes as Emart looks to expand its global business, opening stores in Vietnam, Mongolia and Cambodia. Vice chairman Chung said that opening stores in Vietnam has been slow due to tight regulations. The retailer ...
02 October 2018
Emart will build a hypermarket in Hanoi's StarLake area, which will be its second store in Vietnam. Growth expected to accelerate Emart's first store was opened in late 2015 in Ho Chi Minh City. The retailer took four years to research the Vietnamese market before launching its flagship store. The retailer has taken a conservative approach to launching new stores so far, but this is set to ...