이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korea’s variety store chain E-Mart streamlining for the first time in 24 years
- Collected
- 2017.04.08
- Distributed
- 2017.04.10
- Source
- Go Direct
According to multiple sources from the retail industry on Thursday, E-Mart has decided to close its store in Hakseong-dong, Ulsan in South Gyeongsang Province. It has applied for a permit to build commercial rental housing units on the premise instead. The retailer has sought solutions to improve the store’s falling revenue but came to the conclusion that shuttering would be a better business judgment, said an unnamed official from E-Mart.
In 2012, E-Mart had closed its store in Ansan, Gyeonggi, for the first time since it began business in 1993, but the branch was smaller in scale and ran on rented property. It is the first time that the retailer is closing a store of its own possession.
Ever since E-Mart opened its first store in Changdong, northern Seoul, in 1993, it has aggressively expanded business to manage 147 stores across the country. The retailer won’t be expanding this year and is considering selling some of the land it has set aside to build new stores. The scale-down comes as overall discount store business has been hurt by the prolonged economic downturn. About 10 E-Mart stores are estimated to be suffering losses.
By Sohn Il-seon and Choi Seung-jin
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]