Search results for SSM
Industry
Homeplus Express bid takes new turn as Mega MGC Coffee operator emerges
The sale process for Homeplus\' SSM chain Homeplus Express has entered a new phase, with two buyers submitting letters of intent, industry sources said. Mega MGC Coffee operator MGC Global has also been mentioned as a potential bidder. Homeplus has not disclosed participants or terms, and additional submissions may still be possible. The company has highlighted Express as a quick-commerce hub, citing 293 stores and sales growth and EBITDA figures over four years.
Games & Commerce
Quick commerce battle expands from delivery apps to hypermarkets and SSM
Competition in South Korea\'s quick commerce market is widening beyond delivery apps as e-commerce companies and corporate supermarkets (SSM) join the fray, industry sources said. With delivery times shrinking to around an hour, firms with dense urban store networks are gaining an advantage by using existing outlets as logistics hubs. The market is projected to grow from about 1.2 trillion won last year to about 5.9 trillion won by 2030, the report said.
Industry
E-Mart starts Lunar New Year gift set main sales; preorders up 18.3 percent
E-Mart said on Wednesday it will run main sales of Lunar New Year gift sets from Feb. 7 to Feb. 17. The retailer posted a 18.3 percent rise in preorder sales versus a year earlier during a Dec. 26 to Feb. 2 campaign. Traders and Everyday recorded double-digit growth, rising 29.3 percent and 23.4 percent, respectively. E-Mart said bulk purchases helped lift preorder revenue to a record.