Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
4
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
5
North Korea removes streetlights along cross-border roads with South
-
6
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
7
S. Korea votes in favor of Palestinian bid for UN membership
-
8
Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
-
9
Farming households dip below 1m for first time in 2023
-
10
[From the Scene] Monks, Buddhists hail return of remains of Buddhas
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
The number of newly opened health-and-beauty shops in Korea increased 7.7 percent on-year in 2018, a much slower pace than that of recent years, according to data compiled by industry insiders.
The number of newly opened drugstores in Korea had surged between 30 and 40 percent yearly from 2015 to 2017. However, last year’s single-digit growth appears to indicate that the market has reached saturation, industry insiders said.
The number of newly opened drugstores in Korea had surged between 30 and 40 percent yearly from 2015 to 2017. However, last year’s single-digit growth appears to indicate that the market has reached saturation, industry insiders said.
The number of Lalavla stores operated by GS Retail even decreased by 18 shops last year. GS acquired Korean business operations of Hong Kong retailer Watsons in 2017, and rebranded the stores as Lalavla.
The data was based on the number of new shops opened by three major retailers -- CJ Olive Network, GS Retail and Lotte Shopping.
CJ’s Olive Young is the largest drugstore chain in Korea, followed by Lotte’s LOHB’s and GS’ Lalavla.
Rather than seeking market expansion, retailers are likely to focus on strengthening the sales capacity of existing shops this year, said an industry insider.
By Kim Hye-soo (clairek@heraldcorp.com)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Illit drops debut single remix](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/19/20240419050612_0.jpg&u=)