• Title/Summary/Keyword: Stores Expansion

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The Growth Strategy of Retail Companies: Focusing on New Stores Expansion of E-mart

  • Lee, Gi-Hwang;Kim, Sang-Cheol
    • The Journal of Industrial Distribution & Business
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    • v.8 no.1
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    • pp.15-22
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    • 2017
  • Purpose - Retail companies are turning from one type of retailer to multiple business categories through various reasons, such as taking advantage of existed types of retailers' channel distribution, information and know-how, and entering into new types of retailers. However, there is few research conducted about multiple type of retailers. Research design, data, and methodology - In this research, the references, data and new stores on E-mart will be collected. The dissertation, annual report, statistical data, land-book of E-mart will be also collected to confirm whether E-mart has made any acquisition towards another company. Results - There is a tendency to new stores expansion, store enlargement and prolonging the opening preparation of new stores, based on the core of new stores expansion of E-mart as a general supermarket type of retailers. Based on general supermarket type of retailers, E-mart begins to diversify its retail company's type of retailers. Conclusions - As a general supermarket which is the most important type of retailers, E-mart is expanding into SSM type of retailers to seek new power of growth while slowdown growth is shown in general supermarket type of retailers. The expansion into SSM type of retailers would be a wise option as a retail company, E-mart is able to keep growing in the future.

An Experimental Study on the Performance Characteristics of Cooling System for Aircraft External Reconnaissance Stores (항공기 외장형 정찰 장비용 냉각 시스템의 성능 특성에 관한 실험적 연구)

  • Jung, Daeyoon;Lee, Hang Bok
    • Journal of the Korea Institute of Military Science and Technology
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    • v.16 no.1
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    • pp.74-80
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    • 2013
  • In this paper, we have proposed a vapor cycle refrigeration system as a cooling system to provide cooling air to the aircraft external reconnaissance stores. In the proposed vapor cycle system, receiver which prevents refrigerant from subcooling was eliminated and thermal expansion valve was replaced with electronic expansion valve. The vapor cycle refrigeration system is aimed to provide cooling air to the reconnaissance stores which is added to the aircraft in the form of external store. The wide temperature range of ambient air from the flight conditions can decrease the cooling performance and can make the refrigeration system unstable in low ambient temperature. Performance characteristics of the vapor cycle refrigeration system has been experimented under air conditions which is derived from the flight envelope. From the experiments, the vapor cycle refrigeration system has been proved to provide enough cooling air to the reconnaissance equipment and to be stable under all the flight conditions.

Understanding Offline Channel Expansion for Online Fashion Retailers and Channel Integration (온라인 패션 유통업체의 오프라인 채널 확장에 대한 소비자 평가와 채널 통합 수준)

  • Park, Shin Young;Lee, Yuri;Choi, Yun Jung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.42 no.6
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    • pp.909-923
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    • 2018
  • Online retailers' offline channel expansion is rapidly growing as an important consumer incentive strategy, despite the enormous initial costs of establishing a store. This study focuses on the offline channel operation of online shopping malls, and examines the effects and influencing factors of the channel expansion strategy from a consumer perspective. In-depth interviews were conducted with ten customers in their 20s and 30s who had visited online retailers' stores or purchased products. Major issues were extracted based on the framework of a channel effect mechanism proposed by Cao and Li (2015). Subsequently, it was found that existing online retailers could enhance brand image and perception by expanding their channels to offline stores. It was also emphasized that the consumer trust on the quality of the product in offline stores is a key variable, and it has a significant influence on consumer's continuous purchase and revisit intention. This study showed that borderless channel integration was the most important task when expanding channels of online retailers. So it will be necessary to strive for an omni-channel strategy so that channel integration can be strategically executed and consumers can interact regardless of channels.

Retailing and Public Policy: A Comparative Study of South Korea and Foreign Countries

  • Cho, Young-Sang
    • Journal of Distribution Science
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    • v.12 no.7
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    • pp.77-88
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    • 2014
  • Purpose - Based on the existing retail policy literature, this study aims to compare Korea with foreign countries, to propose better ideas for the Korean retail market. Research design, data, and methodology - It is necessary to analyze the existing retail regulations after categorizing them into several groups, depending on why governments have regulated retailers and the background for the retail policy. Results - Given that Korean retail regulations have focused on protecting conventional markets, comparing the retail policy objectives of South Korea and foreign countries is difficult. Conclusions - It is necessary examine how to protect independent stores, irrespective of store locations across the country. Rather than limiting the distance between traditional markets and the projected locations suggested by large retailers, various factors such as store size limit, opening and closing times, below-cost selling, land use planning, and competition tests are needed to protect small stores. Further, centralized authority for store operations should be delegated to local governments, to tackle the aggressive expansion of retail giants. To protect independent stores, political background is among the most important factors.

Pioneering the Distribution Industry in Korea: Dynamic Capability at Lotte Shopping

  • Won, Eugene J.S.
    • Journal of Distribution Science
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    • v.16 no.10
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    • pp.5-21
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    • 2018
  • Purpose - This case study reviews the development history of Lotte Shopping, which has played a key role in modernizing Korea's retail industry. Research design, data, and methodology - Lotte Shopping's expansion to various channel types has been reviewed from the perspective of the resource-based view of strategy. The opening of Lotte Department Store in 1979 signaled the beginning of the modernized distribution system in Korea. Lotte Shopping expanded its business domains to various types of retail channels, such as discount stores, online shopping malls, TV home shopping, convenience stores, supermarkets, home appliances specialty stores and health & beauty stores. Results - Lotte Shopping has been able to maintain high level of customer satisfaction with leading merchandising skills. It has developed mutually beneficial relationship with the partner firms. It has also been a leading firm in implementing corporate social responsibility activities and environment-friendly management. Lotte Shopping has applied advanced information and communication technology to provide customized goods/services. Conclusions - This study summarizes the business environment and new challenges Lotte Shopping faces currently. Lotte Shopping is trying to reinforce the omni-channel strategy, which can create synergy among various distribution channels based on its core competences.

Classifications and Strategic Directions of Multi-brand Fashion Stores in Korea (국내 패션 멀티브랜드 스토어의 유형별 전략 및 발전방향)

  • Kim, Soo-Yeon;Hwang, Jin-Sook
    • Journal of the Korean Society of Clothing and Textiles
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    • v.35 no.5
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    • pp.587-600
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    • 2011
  • This study presents the strategic directions for Korean multi-brand fashion stores by running in-depth industry research and market analysis. Over 20 professionals were selected from Korean multi-brand fashion stores for this study and in-depth interviews were conducted to evaluate related subjects. The results of the study were as follows. First, Korean multi-brand fashion stores could be classified into three criteria: operating ownership, merchandise mix, and store identity. Second, operating ownership criterion was chosen for further investigations of strategies and directions of the multi-brand fashion stores. The operating ownership criterion consists of three types; department store types, specialty store types, and boutique types. Each type deploys different buying practice, organizational strategies, and distribution channels. Lastly, the suggested strategic directions for each type are summarized as follows. The 'department store type' should utilize its strong direct buying capabilities and acquisition of merchandising can be more effectively managed. The store should utilize its strong buying power as a tool to develop new private brands (PBs). For 'specialty store type', two key factors have been derived: market share expansion and positioning themselves to become a new distribution channel. To respond to these factors, the store needs to be perceived as a brand then diversify its business. Strengthening its brand will allow it to expand into a new distribution channel and also enable a strategic partnership with its competitor brands. The factors influencing 'boutique type' is personalization and uniqueness. With an emphasis on the uniqueness of products and merchandising it will be able to implement the role as a personal shopper and stylist to provide a very personalized service to its customers.

A Study on the Characteristics of Public Space in Specialized Restaurants at Domestic Composite Shopping Malls and Department Stores (복합쇼핑몰과 백화점 내 전문식당가의 공유 공간 특성에 관한 연구)

  • Yang, Chul-Sik;Kim, Chung-Ki
    • Korean Institute of Interior Design Journal
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    • v.18 no.4
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    • pp.3-10
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    • 2009
  • Domestic distribution market is in a time of transition for the present. With consumers' diverse demands, the growth of department stores, shopping malls, specialized shops and so on has been taken place radically and the competition among them also has become severe. In order to promptly and positively cope with the radically changing trend of market and the generation of competing business entities, they are necessary to establish a discriminated indoor space plan. With such desires as the expansion of leisure activities based on the increase of personal income and the up-gradation, diversification and individualization of living standard based on economic growth, the dining-out space, one of people's life environments, need a variety of changes. In the past, the specialized restaurants of composite shopping malls and department stores were a mere mediating space of food sale between producers and consumers, but today they become a discriminated and creative indoor space which representing customers' lifestyle. The purpose of this study was to examine the characteristic of public space of specialized restaurants at composite shopping malls and department stores and then present a discriminated spatial marketing strategy in order to find out the direction of its proceeding in the future. Therefore, the purpose of this study was to work out basic data for the development of dining-out contents at the time of appearing diverse composite dining-out spaces in the future and of establishing a renovation plan of specialized restaurants at composite shopping malls and department stores in order to provide customers a space which could satisfy their desires. In this vein, the characteristic and composition of necessary space was analyzed based on the examination of cases. The investigator hopes that study findings are used as basic data for the study on the interrelationship between the sale space and dining-out space of composite commercial facilities and for the establishment of marketing strategy to attract customers.

A Study about the Determinant Factors of the Customer Service Quality on the Department Stores in Chongju (청주지역 백화점의 고객서비스 품질 결정요인에 관한 연구)

  • Lee, Jae-hak;Han, Jeung-gu
    • Journal of Distribution Science
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    • v.4 no.2
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    • pp.107-122
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    • 2006
  • Modern companies are trying to find out the core value of companies' competition to survive at the suddenly changing market by finding several kinds of consumption. This is also getting more serious in the case of the department stores and their mutual relationships are seen getting more warlike. On the occasion of the department stores, the reduction of the cost and the expansion of profits are the methods of short survival, however these have some danger that depreciate the quality level of the service produced to clients. Therefore, for the department stores, the establishment of strategic plans for the service can be said that the most important strategy of superior achievements of competitions. At this point, the purpose of this study is to abstract the service quality facts for the diversified customers' needs and find for possibilities of application at the service marketing strategy through an actual analysis by examining department stores in Chongju.

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An Analysis of Food Purchase Accessibility and Availability for Rural Households : The Cases of Bibong-myeon and Maesong-myeon, Hwaseong-si (농촌지역 가구의 식료품 구매 접근성과 이용가능성 분석 - 화성시 비봉면과 매송면을 중심으로 -)

  • Lee, Chang-Hyun;Lee, Sang-Eun;Jang, Mi-Jin;Choe, Jeong-Sook;Park, Young-Hee;Kim, Young
    • The Korean Journal of Community Living Science
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    • v.25 no.4
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    • pp.581-600
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    • 2014
  • This study examines the relationship between food purchase accessibility for 86 homemakers and that for 42 grocery stores. The Study area included Bibong-myeon and Maesong-myeon, Hwaseong-si, Gyeonggi-do, to represent a rural area. The analysis classified three regions (residence, outside of residence, and other areas) and seven types of grocery stores (LDS, CS, NCS, CC, NCC, TM, and other). The expansion of the area range increased the availability of food items and the accessibility of large-scale grocery stores as well as those for food procurement. The respondents had difficulty preparing family meals and buying food items because of a lack of food item variety and the small scale of grocery stores. In particular, fresh meat, fruits, and fish were difficult to purchase, causing some nutritional imbalance. These results suggest a need to develop meal composition samples and programs that can actively encourage the intake of meat and fish products with a diet based in self-produced vegetables for better dietary behaviors.

Development of a Silencer to Reduce an Interior Dailylife Noise of Apartment House (공동주택의 실내 생활소음 저감을 위한 소음기 개발)

  • Lee, Kyu-Hyung;Lee, Jang-Hyun;Kwon, Byoung-Ha;Oh, Jin-Woo
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.951-956
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    • 2008
  • Development of a silencer to Reduce Noise of Cross Talking in Apartment & Stores and air conditioning to fan Composite silencer application a specific of resonant type and expansion type, design possibility at reduction frequency. This silencer test result develop reduce 20dB of specification frequency. Pressure loss 2mmAq. This silencer is special of brief structure and possibility disjoint and joint, simple installation and maintenance.

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