Discount retailers flounder on policy hurdle, slowing economy
Mar 23, 2015
Major South Korean supermarket chains are grappling to stay afloat as policy measures aimed at protecting mom-and-pop stores as well as lackluster economic growth squeeze their sales, data showed Monday.E-mart, the country's biggest discount chain brand operated by retail conglomerate Shinsegae, saw its sales reach 10.1 trillion won ($9.1 billion) last year, staying on par with 2012. The data only covers branches that were established before 2012.Its smaller rival Lotte Mart, run by retail giant