E-mart to expand into premium LA market
Posted : 2020-12-10 16:24
By Kim Jae-heun
The country s largest retailer E-mart is planning to open a new premium facility offering groceries and restaurants in Los Angeles sometime next year, as part of its U.S.-focused business strategy.
For this, E-mart plans to invest 83.7 billion won. A specific date has yet to be decided but we are planning to open a store in Los Angeles where we will sell various Asian foods, an E-mart official said.
Specifically, E-mart said it will invest 49.2 billion won and 34.5 billion won in 2021 and 2022, respectively, to establish more supermarkets in the region.
Posted : 2020-12-10 16:24
By Kim Jae-heun
The country s largest retailer E-mart is planning to open a new premium facility offering groceries and restaurants in Los Angeles sometime next year, as part of its U.S.-focused business strategy.
For this, E-mart plans to invest 83.7 billion won. A specific date has yet to be decided but we are planning to open a store in Los Angeles where we will sell various Asian foods, an E-mart official said.
Specifically, E-mart said it will invest 49.2 billion won and 34.5 billion won in 2021 and 2022, respectively, to establish more supermarkets in the region.
The new grocery brand, temporarily called PK Market, will be a six-story complex commercial facility at 712 South Olive Street in the downtown area. It will offer a grocery store and restaurants, allowing customers to dine and purchase food ingredients under one roof.