E-Mart recorded its highest performance in eight years in Q1 2021, with consolidated sales of KRW 7.2189 trillion ($6.4 billion), a 0.2% growth from last year, and operating profit of KRW 159.3 billion, a 238% increase from the same period last year. The improvement was attributed to restructuring and expanding purchases for cost efficiency, despite a decrease in sales of existing discount stores. However, the performance of subsidiaries such as SSG.com and SCK Company (Starbucks) fell short of expectations, with SSG.com seeing an increase in its deficit due to increased promotional expenses, and Starbucks having limited profit improvement due to high exchange rates.
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Auto-posted at: 2025-05-14 09:01:33