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Country Report

Warehouse Clubs in

Warehouse Clubs in South Korea

38 pages, Jan 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Warehouse clubs attracts more consumers concerned about product quality and price

As the South Korean economy continued to post slow growth in 2017, many consumers became very cautious about the price of products. Because the warehouse clubs channel provides quite-good-quality products at lower prices, many people are attracted to it.

Major operators provide quite-superior-quality bundled products at lower prices

Major operators in the warehouse clubs channel provide quite-superior-quality products at lower prices in South Korea. Although they only offer one to two brands for each category, the brands are considered to be of a good quality.

Warehouse clubs is set to remain resilient to the threat of internet retailing

The internet retailing growth rate in South Korea was very significant in 2017. Many players in many channels affected by the strong growth of internet retailing channels prepared a strategy to compete better.

COMPETITIVE LANDSCAPE

Costco is the absolute leader in warehouse clubs in South Korea

Costco from Costco Wholesale Corp led the warehouse clubs channel in 2017. Costco was the first to bring the warehouse clubs concept to South Korea.

Other operators are rapidly following Costco’s example in South Korea

Although Costco has posted rapid growth in South Korea, other operators such as E-Mart Traders and Vic Markets are following Costco’s route to success. E-Mart Traders from E-Mart Inc, especially, has a powerful reputation and know-how gained from the hypermarkets channel.

Warehouse club players are among the least affected by internet retailing’s significant growth

Warehouse club players have very unique features that have made them less affected by the strong growth of internet retailing channels. As they provide bundled products at much lower prices, they have been able to constantly attract more consumers to their outlets.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth in the Warehouse Clubs industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Warehouse Clubs industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Warehouse Clubs in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed market shares for international and locally-based retailers
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How is grocery and non-grocery performing in South Korea?
How are current trends influencing consumers buying decisions?
Are independent and family run stores coming under pressure in South Korea?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Retailing market research database

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Warehouse Clubs in South Korea - Category analysis

HEADLINES

PROSPECTS

Warehouse clubs attracts more consumers concerned about product quality and price

Major operators provide quite-superior-quality bundled products at lower prices

Warehouse clubs is set to remain resilient to the threat of internet retailing

COMPETITIVE LANDSCAPE

Costco is the absolute leader in warehouse clubs in South Korea

Other operators are rapidly following Costco’s example in South Korea

Warehouse club players are among the least affected by internet retailing’s significant growth

CHANNEL DATA

Table 1 Warehouse Clubs: Value Sales, Outlets and Selling Space 2012-2017
Table 2 Warehouse Clubs: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 3 Warehouse Clubs GBO Company Shares: % Value 2013-2017
Table 4 Warehouse Clubs GBN Brand Shares: % Value 2014-2017
Table 5 Warehouse Clubs LBN Brand Shares: Outlets 2014-2017
Table 6 Warehouse Clubs LBN Brand Shares: Selling Space 2014-2017
Table 7 Warehouse Clubs Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 8 Warehouse Clubs Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022

Retailing in South Korea - Industry Overview

EXECUTIVE SUMMARY

Continual economic slowdown adversely affects retailing in South Korea

Significant increase in the number of single-person households boosts several channels in 2017

Mobile internet retailing posts significant growth, creating new trends in retailing

Many shopping complexes are to be built in South Korea

Retailing is expected to post constant value growth during the forecast period

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type 2017

Physical retail landscape

Cash and carry

Seasonality

Summer Discount Sale
South Korea’s Thanksgiving Season

Payments and delivery

Emerging business models

MARKET DATA

Table 9 Sales in Retailing by Store-based vs Non-Store: Value 2012-2017
Table 10 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2012-2017
Table 11 Sales in Store-based Retailing by Channel: Value 2012-2017
Table 12 Sales in Store-based Retailing by Channel: % Value Growth 2012-2017
Table 13 Store-based Retailing Outlets by Channel: Units 2012-2017
Table 14 Store-based Retailing Outlets by Channel: % Unit Growth 2012-2017
Table 15 Sales in Non-Store Retailing by Channel: Value 2012-2017
Table 16 Sales in Non-Store Retailing by Channel: % Value Growth 2012-2017
Table 17 Grocery Retailers: Value Sales, Outlets and Selling Space 2012-2017
Table 18 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 19 Sales in Grocery Retailers by Channel: Value 2012-2017
Table 20 Sales in Grocery Retailers by Channel: % Value Growth 2012-2017
Table 21 Grocery Retailers Outlets by Channel: Units 2012-2017
Table 22 Grocery Retailers Outlets by Channel: % Unit Growth 2012-2017
Table 23 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2012-2017
Table 24 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 25 Sales in Non-Grocery Specialists by Channel: Value 2012-2017
Table 26 Sales in Non-Grocery Specialists by Channel: % Value Growth 2012-2017
Table 27 Non-Grocery Specialists Outlets by Channel: Units 2012-2017
Table 28 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2012-2017
Table 29 Mixed Retailers: Value Sales, Outlets and Selling Space 2012-2017
Table 30 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 31 Sales in Mixed Retailers by Channel: Value 2012-2017
Table 32 Sales in Mixed Retailers by Channel: % Value Growth 2012-2017
Table 33 Mixed Retailers Outlets by Channel: Units 2012-2017
Table 34 Mixed Retailers Outlets by Channel: % Unit Growth 2012-2017
Table 35 Retailing GBO Company Shares: % Value 2013-2017
Table 36 Retailing GBN Brand Shares: % Value 2014-2017
Table 37 Store-based Retailing GBO Company Shares: % Value 2013-2017
Table 38 Store-based Retailing GBN Brand Shares: % Value 2014-2017
Table 39 Store-based Retailing LBN Brand Shares: Outlets 2014-2017
Table 40 Non-Store Retailing GBO Company Shares: % Value 2013-2017
Table 41 Non-Store Retailing GBN Brand Shares: % Value 2014-2017
Table 42 Grocery Retailers GBO Company Shares: % Value 2013-2017
Table 43 Grocery Retailers GBN Brand Shares: % Value 2014-2017
Table 44 Grocery Retailers LBN Brand Shares: Outlets 2014-2017
Table 45 Grocery Retailers LBN Brand Shares: Selling Space 2014-2017
Table 46 Non-Grocery Specialists GBO Company Shares: % Value 2013-2017
Table 47 Non-Grocery Specialists GBN Brand Shares: % Value 2014-2017
Table 48 Non-Grocery Specialists LBN Brand Shares: Outlets 2014-2017
Table 49 Non-Grocery Specialists LBN Brand Shares: Selling Space 2014-2017
Table 50 Mixed Retailers GBO Company Shares: % Value 2013-2017
Table 51 Mixed Retailers GBN Brand Shares: % Value 2014-2017
Table 52 Mixed Retailers LBN Brand Shares: Outlets 2014-2017
Table 53 Mixed Retailers LBN Brand Shares: Selling Space 2014-2017
Table 54 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2017-2022
Table 55 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2017-2022
Table 56 Forecast Sales in Store-based Retailing by Channel: Value 2017-2022
Table 57 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2017-2022
Table 58 Forecast Store-based Retailing Outlets by Channel: Units 2017-2022
Table 59 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2017-2022
Table 60 Forecast Sales in Non-Store Retailing by Channel: Value 2017-2022
Table 61 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2017-2022
Table 62 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 63 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 64 Forecast Sales in Grocery Retailers by Channel: Value 2017-2022
Table 65 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2017-2022
Table 66 Forecast Grocery Retailers Outlets by Channel: Units 2017-2022
Table 67 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2017-2022
Table 68 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 69 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 70 Forecast Sales in Non-Grocery Specialists by Channel: Value 2017-2022
Table 71 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2017-2022
Table 72 Forecast Non-Grocery Specialists Outlets by Channel: Units 2017-2022
Table 73 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2017-2022
Table 74 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 75 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 76 Forecast Sales in Mixed Retailers by Channel: Value 2017-2022
Table 77 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2017-2022
Table 78 Forecast Mixed Retailers Outlets by Channel: Units 2017-2022
Table 79 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2017-2022

Megatrends

Country Report

Warehouse Clubs in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Warehouse clubs attracts more consumers concerned about product quality and price

Major operators provide quite-superior-quality bundled products at lower prices

Warehouse clubs is set to remain resilient to the threat of internet retailing

COMPETITIVE LANDSCAPE

Costco is the absolute leader in warehouse clubs in South Korea

Other operators are rapidly following Costco’s example in South Korea

Warehouse club players are among the least affected by internet retailing’s significant growth

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Warehouse Clubs in South Korea - Category analysis

HEADLINES

PROSPECTS

Warehouse clubs attracts more consumers concerned about product quality and price

Major operators provide quite-superior-quality bundled products at lower prices

Warehouse clubs is set to remain resilient to the threat of internet retailing

COMPETITIVE LANDSCAPE

Costco is the absolute leader in warehouse clubs in South Korea

Other operators are rapidly following Costco’s example in South Korea

Warehouse club players are among the least affected by internet retailing’s significant growth

CHANNEL DATA

Retailing in South Korea - Industry Overview

EXECUTIVE SUMMARY

Continual economic slowdown adversely affects retailing in South Korea

Significant increase in the number of single-person households boosts several channels in 2017

Mobile internet retailing posts significant growth, creating new trends in retailing

Many shopping complexes are to be built in South Korea

Retailing is expected to post constant value growth during the forecast period

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

DEFINITIONS

SOURCES

Why buy this report?

Want to find out more about this report?

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