Retail Intelligence

Reading the flow of global retail
from the ground

Beyond news that's consumed and forgotten,
from department stores, malls, and e-commerce to duty-free, airports, and cruises —
we deeply document and interpret the retail market that connects everyday life and travel.

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66 Years After Pioneering Downtown Duty Free, DFS Is Winding Down — and LVMH Is Reshaping Its Business
01

66 Years After Pioneering Downtown Duty Free, DFS Is Winding Down — and LVMH Is Reshaping Its Business

Gentle Monster Turned Eyewear Into Fashion — Now It's Taking On "the Face of AI"
02

Gentle Monster Turned Eyewear Into Fashion — Now It's Taking On "the Face of AI"

Lotte Won on Revenue, Shilla Won on Profit — What Incheon Airport's Business Realignment Did to Profitability
03

Lotte Won on Revenue, Shilla Won on Profit — What Incheon Airport's Business Realignment Did to Profitability

Lotte Leads on Revenue and Profit, Hyundai on Margin — Comparing Korea's Big Three Department Stores in H1 2026
04

Lotte Leads on Revenue and Profit, Hyundai on Margin — Comparing Korea's Big Three Department Stores in H1 2026

Latest Stories

August Retail Sales Up 7.7%, Estimated at About KRW 16.9 Trillion — A Rebound Pulled Forward by an Early Chuseok
Retail · General
2 weeks ago · Korea

August Retail Sales Up 7.7%, Estimated at About KRW 16.9 Trillion — A Rebound Pulled Forward by an Early Chuseok

Store Count Fell for the First Time Ever, But Earnings Went in Opposite Directions — CU, GS25, and 7-Eleven's Three-Year Report Card
Retail · General
4 weeks ago · Korea

Store Count Fell for the First Time Ever, But Earnings Went in Opposite Directions — CU, GS25, and 7-Eleven's Three-Year Report Card

Domestic Brands Get More Expensive in Dollars, Imported Luxury Gets Cheaper in Won — Korea's Duty-Free Reference Rate Cut Again After Just a Month
Duty Free & Travel · Korea
1 months ago · Korea

Domestic Brands Get More Expensive in Dollars, Imported Luxury Gets Cheaper in Won — Korea's Duty-Free Reference Rate Cut Again After Just a Month

From Selling to Making — What It Takes to Build the Future Food Platform
Retail · Food & Confectionery
1 months ago · Global

From Selling to Making — What It Takes to Build the Future Food Platform

LVMH Watches & Jewelry's Margin Fell From 19.8% to 14.4%, Then Rebounded to 15.9% — What Tiffany's Overhaul Changed
Retail · Fashion & Luxury
1 months ago · Korea

LVMH Watches & Jewelry's Margin Fell From 19.8% to 14.4%, Then Rebounded to 15.9% — What Tiffany's Overhaul Changed

Export Data and Record Earnings Landed the Same Week — What the Stock Surge at Korea's Big Three Cosmetics ODM Makers Really Means
Retail · Cosmetics & Perfumes
1 months ago · Korea

Export Data and Record Earnings Landed the Same Week — What the Stock Surge at Korea's Big Three Cosmetics ODM Makers Really Means

Gentle Monster Turned Eyewear Into Fashion — Now It's Taking On "the Face of AI"
Insights
1 months ago · Global

Gentle Monster Turned Eyewear Into Fashion — Now It's Taking On "the Face of AI"

Musinsa's Revenue Hit a Record High — So Why Did Consolidated Operating Profit Fall?
Retail · Fashion & Luxury
1 months ago · Korea

Musinsa's Revenue Hit a Record High — So Why Did Consolidated Operating Profit Fall?

Is the Swiss Watch Industry Bottoming Out? — Exports Fell 0.7% in H1 2026 While Swatch Group Grew 8.5% at Constant Currency
Retail · Fashion & Luxury
1 months ago · Global

Is the Swiss Watch Industry Bottoming Out? — Exports Fell 0.7% in H1 2026 While Swatch Group Grew 8.5% at Constant Currency

Louis Vuitton Hit a Record, Dior's Operating Profit Fell 59% in Two Years — Too Early to Pin It on a 'Trust Crisis' Alone
Retail · Fashion & Luxury
1 months ago · Korea

Louis Vuitton Hit a Record, Dior's Operating Profit Fell 59% in Two Years — Too Early to Pin It on a 'Trust Crisis' Alone

Jewelry Outshone Bags — Richemont's April–June 2026 Sales Grew 20%, Korea Unit Tops KRW 2 Trillion in Annual Revenue for the First Time
Retail · Fashion & Luxury
1 months ago · Korea

Jewelry Outshone Bags — Richemont's April–June 2026 Sales Grew 20%, Korea Unit Tops KRW 2 Trillion in Annual Revenue for the First Time

Record Revenue, Yet Closing Downtown Duty-Free — Why Louis Vuitton Korea Is Moving to Department Stores and Airports
Retail · Fashion & Luxury
1 months ago · Korea

Record Revenue, Yet Closing Downtown Duty-Free — Why Louis Vuitton Korea Is Moving to Department Stores and Airports

Back to Growth After Seven Quarters — Has the LVMH Division Housing Louis Vuitton Bottomed Out?
Retail · Fashion & Luxury
1 months ago · Global

Back to Growth After Seven Quarters — Has the LVMH Division Housing Louis Vuitton Bottomed Out?

41% vs. 12.8% Operating Margins — Why LVMH, Kering, Hermès, and Chanel's Three-Year Results Diverged
Retail · Fashion & Luxury
1 months ago · Global

41% vs. 12.8% Operating Margins — Why LVMH, Kering, Hermès, and Chanel's Three-Year Results Diverged

The Eyewear Business That Grew Despite Gucci's Slump — Inside the Big Four's 23% Operating Margin
Retail · Sunglasses & Eyewear
1 months ago · Global

The Eyewear Business That Grew Despite Gucci's Slump — Inside the Big Four's 23% Operating Margin

From a High Schooler's Shoe-Photo Forum to a KRW 10 Trillion Unicorn — A Deep Dive Into Musinsa
Retail · Fashion & Luxury
1 months ago · Korea

From a High Schooler's Shoe-Photo Forum to a KRW 10 Trillion Unicorn — A Deep Dive Into Musinsa

Operating Profit Jumped 525% — So Why Did It Miss the Market's Forecast? Eight Korean Fashion Giants' H1 Results, Decoded
Retail · Fashion & Luxury
1 months ago · Korea

Operating Profit Jumped 525% — So Why Did It Miss the Market's Forecast? Eight Korean Fashion Giants' H1 Results, Decoded

While APR's Asia Revenue Grew 14.5%, Its Europe Revenue Grew 380%
Retail · Cosmetics & Perfumes
1 months ago · Global

While APR's Asia Revenue Grew 14.5%, Its Europe Revenue Grew 380%

APR's Growth, LG H&H's Pivot, Cellreturn's Collapse — Three Currents in the Beauty Device Market
Retail · Cosmetics & Perfumes
1 months ago · Korea

APR's Growth, LG H&H's Pivot, Cellreturn's Collapse — Three Currents in the Beauty Device Market

Kurly's Sixth Straight Profitable Quarter — But Dawn Delivery Isn't What Drove the Margin Improvement
Retail · General
1 months ago · Korea

Kurly's Sixth Straight Profitable Quarter — But Dawn Delivery Isn't What Drove the Margin Improvement

Lotte Leads on Revenue and Profit, Hyundai on Margin — Comparing Korea's Big Three Department Stores in H1 2026
Retail · General
1 months ago · Korea

Lotte Leads on Revenue and Profit, Hyundai on Margin — Comparing Korea's Big Three Department Stores in H1 2026

Korea's Health Functional Food Market Has Been Stagnant for Three Years, Yet Manufacturers Just Posted Record Results — What's Behind the Polarization
Insights
1 months ago · Global

Korea's Health Functional Food Market Has Been Stagnant for Three Years, Yet Manufacturers Just Posted Record Results — What's Behind the Polarization

Adjusted EPS Up 19% and Guidance Raised — So Why Did Walmart's Stock Fall 9.6%?
Retail · General
1 months ago · Global

Adjusted EPS Up 19% and Guidance Raised — So Why Did Walmart's Stock Fall 9.6%?

66 Years After Pioneering Downtown Duty Free, DFS Is Winding Down — and LVMH Is Reshaping Its Business
Insights
1 months ago · Global

66 Years After Pioneering Downtown Duty Free, DFS Is Winding Down — and LVMH Is Reshaping Its Business

Revenue Beat Estimates by 6.7% — So Why Did Coty's Stock Fall? Two Reasons
Retail · Cosmetics & Perfumes
1 months ago · Global

Revenue Beat Estimates by 6.7% — So Why Did Coty's Stock Fall? Two Reasons

Adjusted EPS Up 66%, a Fourth Straight Beat — Estée Lauder's Hainan Recovery
Retail · Cosmetics & Perfumes
1 months ago · Global

Adjusted EPS Up 66%, a Fourth Straight Beat — Estée Lauder's Hainan Recovery

Duty-Free Domestic Sales Fall 12% While Department Store Foreign Sales Jump Triple Digits — the Gap the Exchange Rate Widened
Retail · General
1 months ago · Korea

Duty-Free Domestic Sales Fall 12% While Department Store Foreign Sales Jump Triple Digits — the Gap the Exchange Rate Widened

Diageo -2%, Pernod Ricard -4.4% — Same Decline, Different Causes
Retail · Spirits & Wine
1 months ago · Global

Diageo -2%, Pernod Ricard -4.4% — Same Decline, Different Causes

Profitable Even While Revenue Recovered — Lotte Duty Free's Six Quarters
Duty Free & Travel · Korea
1 months ago · Korea

Profitable Even While Revenue Recovered — Lotte Duty Free's Six Quarters

Lotte Won on Revenue, Shilla Won on Profit — What Incheon Airport's Business Realignment Did to Profitability
Duty Free & Travel · Korea
1 months ago · Korea

Lotte Won on Revenue, Shilla Won on Profit — What Incheon Airport's Business Realignment Did to Profitability

K-Beauty's Big Players Rebounded in Q2 2026, But Dermocosmetics Grew Even Faster
Retail · Cosmetics & Perfumes
2 months ago · Korea

K-Beauty's Big Players Rebounded in Q2 2026, But Dermocosmetics Grew Even Faster

North America Flat, Asia-Pacific Up 44% — The Story Behind Avolta's Third Straight Year as World No. 1
Duty Free & Travel · Global
2 months ago · Global

North America Flat, Asia-Pacific Up 44% — The Story Behind Avolta's Third Straight Year as World No. 1

Why Hyundai Department Store's Operating Profit Fell Despite Record Department Store Revenue and a Duty-Free Profit
Retail · General
2 months ago · Global

Why Hyundai Department Store's Operating Profit Fell Despite Record Department Store Revenue and a Duty-Free Profit

L'Oréal Posted Record Results, But Its Luxe Division's Growth and Profitability Slowed
Retail · Cosmetics & Perfumes
2 months ago · Global

L'Oréal Posted Record Results, But Its Luxe Division's Growth and Profitability Slowed

Behind the 7.3% Rise in Retail Sales — Department Store Growth and the Homeplus Sale
Retail · General
2 months ago · Korea

Behind the 7.3% Rise in Retail Sales — Department Store Growth and the Homeplus Sale

Foreign Shoppers Overtook Koreans in Duty-Free Headcount for the First Time — The Crossing of Two Charts in H1
Duty Free & Travel · Korea
2 months ago · Korea

Foreign Shoppers Overtook Koreans in Duty-Free Headcount for the First Time — The Crossing of Two Charts in H1

Duty-Free Whisky Sales Fell Too, But the Cause Differs From the Domestic Market's Slump
Retail · Spirits & Wine
2 months ago · Korea

Duty-Free Whisky Sales Fell Too, But the Cause Differs From the Domestic Market's Slump

PharmaResearch Posts Record Results, Yet Falls Short of Market Forecasts in Q1
Retail · Cosmetics & Perfumes
2 months ago · Korea

PharmaResearch Posts Record Results, Yet Falls Short of Market Forecasts in Q1

LG H&H and Amorepacific Both Retreated from Duty-Free — With Very Different Results
Retail · Cosmetics & Perfumes
2 months ago · Korea

LG H&H and Amorepacific Both Retreated from Duty-Free — With Very Different Results

Why Heinemann Brought Beauty Retailer MECCA to Sydney Airport
Duty Free & Travel · Asia Pacific
2 months ago · Korea

Why Heinemann Brought Beauty Retailer MECCA to Sydney Airport

Amorepacific: Overseas Drove Revenue and Domestic Drove Profit in Q1 — Q2 Flipped It
Retail · Cosmetics & Perfumes
2 months ago · Korea

Amorepacific: Overseas Drove Revenue and Domestic Drove Profit in Q1 — Q2 Flipped It

Why Walmart's ChatGPT Checkout Experiment Struggled — and What It Means for Lotte Duty Free
Duty Free & Travel · Korea
2 months ago · Korea

Why Walmart's ChatGPT Checkout Experiment Struggled — and What It Means for Lotte Duty Free

Duty-Free Prices Alone Aren't Enough — Why Changi Airport Is Doubling Down on Exclusivity
Duty Free & Travel · Asia Pacific
2 months ago · Korea

Duty-Free Prices Alone Aren't Enough — Why Changi Airport Is Doubling Down on Exclusivity

CTGDF's Net Profit Rose 19.9% — So Why Is Its Profitability Nothing to Celebrate?
Duty Free & Travel · China
2 months ago · Korea

CTGDF's Net Profit Rose 19.9% — So Why Is Its Profitability Nothing to Celebrate?

A 3x Conversion Gap: What Walmart's ChatGPT Experiment Means for Emart
Insights
3 months ago · Global

A 3x Conversion Gap: What Walmart's ChatGPT Experiment Means for Emart

Average Spend Fell, Yet VIP Sales Rose — How Korea's Big Four Duty-Free Operators Did It
Duty Free & Travel · Korea
3 months ago · Korea

Average Spend Fell, Yet VIP Sales Rose — How Korea's Big Four Duty-Free Operators Did It

Not a Cheaper Brand — a Different Store: Aldi's Pull Now Reaches High Earners Too
Insights
3 months ago · Global

Not a Cheaper Brand — a Different Store: Aldi's Pull Now Reaches High Earners Too

Shinsegae Duty Free Trims Cosmetics, Expands Keyring and Fashion Accessories Stores at Incheon Airport
Duty Free & Travel · Korea
3 months ago · Korea

Shinsegae Duty Free Trims Cosmetics, Expands Keyring and Fashion Accessories Stores at Incheon Airport

[Where Foreign Tourists Flock in K-Beauty, Part 2] Could Dermatology's MSO Model Also Work for Duty-Free?
Insights
3 months ago · Global

[Where Foreign Tourists Flock in K-Beauty, Part 2] Could Dermatology's MSO Model Also Work for Duty-Free?

[K-Beauty Hotspots, Part 1] K-Pharmacy Tourism Is Growing, but Regulation Is Tightening
Insights
3 months ago · Global

[K-Beauty Hotspots, Part 1] K-Pharmacy Tourism Is Growing, but Regulation Is Tightening

Duty-Free Exchanges No Longer Require Leaving the Country — But the Inventory System Isn't Ready
Insights
3 months ago · Global

Duty-Free Exchanges No Longer Require Leaving the Country — But the Inventory System Isn't Ready

The EU's Small-Parcel Tariff Targeted Shein and Temu — Did It End Up Favoring Them?
Retail · General
3 months ago · Global

The EU's Small-Parcel Tariff Targeted Shein and Temu — Did It End Up Favoring Them?

Department Store E-Commerce's New Weapon Is Curation, Not Price
Retail · General
3 months ago · Global

Department Store E-Commerce's New Weapon Is Curation, Not Price

Duty-Free Survey Finds Gen Z Browses, Millennials Buy
Duty Free & Travel · Global
3 months ago · Korea

Duty-Free Survey Finds Gen Z Browses, Millennials Buy

Inbound Visitors Up 131%, Yet Duty-Free Sales Are Flat — The Impact of Falling Average Spend
Duty Free & Travel · Korea
3 months ago · Korea

Inbound Visitors Up 131%, Yet Duty-Free Sales Are Flat — The Impact of Falling Average Spend

What Suntory's Paris Airport Strategy Reveals About Premium Whisky
Duty Free & Travel · Europe
3 months ago · Korea

What Suntory's Paris Airport Strategy Reveals About Premium Whisky

Cruise Duty-Free Grows Into Travel Retail's Third Channel
Duty Free & Travel · Global
3 months ago · Korea

Cruise Duty-Free Grows Into Travel Retail's Third Channel

Daiso Extends Its Ultra-Low-Price Playbook to Beauty and Living
Retail · General
3 months ago · Global

Daiso Extends Its Ultra-Low-Price Playbook to Beauty and Living

The Qatar-Dubai Race to Own Middle East Travel Retail
Duty Free & Travel · Middle East & Africa
3 months ago · Korea

The Qatar-Dubai Race to Own Middle East Travel Retail

How Changi Terminal 5 Aims to Rewrite Airport Retail
Duty Free & Travel · Asia Pacific
3 months ago · Korea

How Changi Terminal 5 Aims to Rewrite Airport Retail

Why Incheon T2 Put a Food Court Next to Its Luxury Boutiques
Duty Free & Travel · Korea
3 months ago · Korea

Why Incheon T2 Put a Food Court Next to Its Luxury Boutiques