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Country Report

Warehouse Clubs in

Warehouse Clubs in South Korea

Mar 2020

US$990

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Executive Summary

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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

Consumers attracted to buying bulk packages in warehouse clubs

Warehouse clubs is highly specialised in bulk packages of products at lower prices and family consumer groups are still attracted to this channel while many other retailing channels are shifting to e-commerce. Thus, warehouse clubs are mainly located in residential areas, especially the newly opened outlets are mainly built in new residential towns outside Seoul where families typically live.

Private label products are driving sales growth

Private label products are being actively developed by various players in the retailing industry and warehouse clubs are also growing fast with private label items. Costco’s Kirkland private label brand and E-Mart’s No Brand and Peacock brands are becoming sales drivers.

COMPETITIVE LANDSCAPE

Costco remains leader in value terms, while E-Mart Traders expands outlets

Costco continues to lead in value terms, however E-Mart Traders opened two new stores in 2019 to become the largest warehouse club in terms of number of outlets. While these two big players are competing more closely, Vic Market in third place appears to stagnate, not opening any further outlets since 2015.

Credit card companies partner with warehouse clubs

Costco used to partner with Samsung Card only, however it has changed to Hyundai Card since 2019, which created confusion for many consumers, though value sales were not impacted, and instead increased further in 2019. Meanwhile, Samsung Card entered a partnership with E-Mart Traders to compete with Costco and Hyundai Card by providing extra rewards and discounts when consumers spend in E-Mart Traders.

Regulation makes it harder to expand the market

Since the South Korean government’s regulation on large retailing groups has strengthened, to protect small and medium-sized retailers and the traditional grocery industry, it is more difficult to expand the market to open more outlets. Vic Market under Lotte Group has not been able to open more outlets since 2015, thus other major retailing companies are trying to evolve and mix the concept of their existing 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

Consumers attracted to buying bulk packages in warehouse clubs

Private label products are driving sales growth

COMPETITIVE LANDSCAPE

Costco remains leader in value terms, while E-Mart Traders expands outlets

Credit card companies partner with warehouse clubs

Regulation makes it harder to expand the market

CHANNEL DATA

Table 1 Warehouse Clubs: Value Sales, Outlets and Selling Space 2014-2019
Table 2 Warehouse Clubs: Value Sales, Outlets and Selling Space: % Growth 2014-2019
Table 3 Warehouse Clubs GBO Company Shares: % Value 2015-2019
Table 4 Warehouse Clubs GBN Brand Shares: % Value 2016-2019
Table 5 Warehouse Clubs LBN Brand Shares: Outlets 2016-2019
Table 6 Warehouse Clubs LBN Brand Shares: Selling Space 2016-2019
Table 7 Warehouse Clubs Forecasts: Value Sales, Outlets and Selling Space 2019-2024
Table 8 Warehouse Clubs Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024

Retailing in South Korea - Industry Overview

EXECUTIVE SUMMARY

Lifestyle changes impact retailing landscape in South Korea

Mobile e-commerce continues to boom

Delivery is key in e-commerce

Hybrid types of outlets appear to attract more consumers to visit offline stores

Social media will become more important

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type 2019

Physical retail landscape

Cash and carry

Seasonality

Shopping Season Name
Shopping Season Name

Payments and delivery

Emerging business models

MARKET DATA

Table 9 Sales in Retailing by Store-based vs Non-Store: Value 2014-2019
Table 10 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2014-2019
Table 11 Sales in Store-based Retailing by Channel: Value 2014-2019
Table 12 Sales in Store-based Retailing by Channel: % Value Growth 2014-2019
Table 13 Store-based Retailing Outlets by Channel: Units 2014-2019
Table 14 Store-based Retailing Outlets by Channel: % Unit Growth 2014-2019
Table 15 Sales in Non-Store Retailing by Channel: Value 2014-2019
Table 16 Sales in Non-Store Retailing by Channel: % Value Growth 2014-2019
Table 17 Grocery Retailers: Value Sales, Outlets and Selling Space 2014-2019
Table 18 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2014-2019
Table 19 Sales in Grocery Retailers by Channel: Value 2014-2019
Table 20 Sales in Grocery Retailers by Channel: % Value Growth 2014-2019
Table 21 Grocery Retailers Outlets by Channel: Units 2014-2019
Table 22 Grocery Retailers Outlets by Channel: % Unit Growth 2014-2019
Table 23 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2014-2019
Table 24 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2014-2019
Table 25 Sales in Non-Grocery Specialists by Channel: Value 2014-2019
Table 26 Sales in Non-Grocery Specialists by Channel: % Value Growth 2014-2019
Table 27 Non-Grocery Specialists Outlets by Channel: Units 2014-2019
Table 28 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2014-2019
Table 29 Mixed Retailers: Value Sales, Outlets and Selling Space 2014-2019
Table 30 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2014-2019
Table 31 Sales in Mixed Retailers by Channel: Value 2014-2019
Table 32 Sales in Mixed Retailers by Channel: % Value Growth 2014-2019
Table 33 Mixed Retailers Outlets by Channel: Units 2014-2019
Table 34 Mixed Retailers Outlets by Channel: % Unit Growth 2014-2019
Table 35 Retailing GBO Company Shares: % Value 2015-2019
Table 36 Retailing GBN Brand Shares: % Value 2016-2019
Table 37 Store-based Retailing GBO Company Shares: % Value 2015-2019
Table 38 Store-based Retailing GBN Brand Shares: % Value 2016-2019
Table 39 Store-based Retailing LBN Brand Shares: Outlets 2016-2019
Table 40 Non-Store Retailing GBO Company Shares: % Value 2015-2019
Table 41 Non-Store Retailing GBN Brand Shares: % Value 2016-2019
Table 42 Grocery Retailers GBO Company Shares: % Value 2015-2019
Table 43 Grocery Retailers GBN Brand Shares: % Value 2016-2019
Table 44 Grocery Retailers LBN Brand Shares: Outlets 2016-2019
Table 45 Grocery Retailers LBN Brand Shares: Selling Space 2016-2019
Table 46 Non-Grocery Specialists GBO Company Shares: % Value 2015-2019
Table 47 Non-Grocery Specialists GBN Brand Shares: % Value 2016-2019
Table 48 Non-Grocery Specialists LBN Brand Shares: Outlets 2016-2019
Table 49 Non-Grocery Specialists LBN Brand Shares: Selling Space 2016-2019
Table 50 Mixed Retailers GBO Company Shares: % Value 2015-2019
Table 51 Mixed Retailers GBN Brand Shares: % Value 2016-2019
Table 52 Mixed Retailers LBN Brand Shares: Outlets 2016-2019
Table 53 Mixed Retailers LBN Brand Shares: Selling Space 2016-2019
Table 54 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2019-2024
Table 55 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2019-2024
Table 56 Forecast Sales in Store-based Retailing by Channel: Value 2019-2024
Table 57 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2019-2024
Table 58 Forecast Store-based Retailing Outlets by Channel: Units 2019-2024
Table 59 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2019-2024
Table 60 Forecast Sales in Non-Store Retailing by Channel: Value 2019-2024
Table 61 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2019-2024
Table 62 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2019-2024
Table 63 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024
Table 64 Forecast Sales in Grocery Retailers by Channel: Value 2019-2024
Table 65 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2019-2024
Table 66 Forecast Grocery Retailers Outlets by Channel: Units 2019-2024
Table 67 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2019-2024
Table 68 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2019-2024
Table 69 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024
Table 70 Forecast Sales in Non-Grocery Specialists by Channel: Value 2019-2024
Table 71 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2019-2024
Table 72 Forecast Non-Grocery Specialists Outlets by Channel: Units 2019-2024
Table 73 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2019-2024
Table 74 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2019-2024
Table 75 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2019-2024
Table 76 Forecast Sales in Mixed Retailers by Channel: Value 2019-2024
Table 77 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2019-2024
Table 78 Forecast Mixed Retailers Outlets by Channel: Units 2019-2024
Table 79 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2019-2024

Megatrends

Country Report

Warehouse Clubs in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Consumers attracted to buying bulk packages in warehouse clubs

Private label products are driving sales growth

COMPETITIVE LANDSCAPE

Costco remains leader in value terms, while E-Mart Traders expands outlets

Credit card companies partner with warehouse clubs

Regulation makes it harder to expand the market

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Warehouse Clubs in South Korea - Category analysis

HEADLINES

PROSPECTS

Consumers attracted to buying bulk packages in warehouse clubs

Private label products are driving sales growth

COMPETITIVE LANDSCAPE

Costco remains leader in value terms, while E-Mart Traders expands outlets

Credit card companies partner with warehouse clubs

Regulation makes it harder to expand the market

CHANNEL DATA

Retailing in South Korea - Industry Overview

EXECUTIVE SUMMARY

Lifestyle changes impact retailing landscape in South Korea

Mobile e-commerce continues to boom

Delivery is key in e-commerce

Hybrid types of outlets appear to attract more consumers to visit offline stores

Social media will become more important

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

CORONAVIRUS (COVID-19)

DEFINITIONS

SOURCES

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