24 March 2021
The number of health and beauty (H&B) stores in South Korea dips for the first time as more consumers turned to online shopping.
31 stores closed in 2020
Olive Young, lalavla and LOHB’s are the country’s three major H&B retailers. As of December 2020, they have a combined 1,484 stores, down by 31 from one year earlier. This is in contract to a steady store expansion in previous years: 1,...