Sales at top South Korean department stores in June fell more than reported earlier to mark the worst drop on record as an outbreak of Middle East Respiratory Syndrome (MERS) prompted consumers to cut spending.
A year after the discontinuance of SLVR, Adidas returns to premium sportswear with Standard 19. On August 1st the brand will launch this new 32-item line, riding the top-of-the-range, training-workout trend.
Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet ...
Three potential buyers are vying to acquire the Benetton family’s duty-free shops: South Korea’s Lotte Group, China’s Sunrise Duty Free and Switzerland’s Dufry, which is allying itself with Qatar Investment Authority.
Hotel Shilla said it would buy a 44 percent stake in U.S. in-flight duty free retailer DFASS for $105 million, the latest push abroad by a South Korean duty free store operator amid intensifying competition at home.