Discount Store
E-Mart (이마트) is a subsidiary of Shinsegae and a large discount store chain founded in South Korea, having numerous stores in China and Korea. Domestically, E-Mart is the biggest discount store chain followed by Home Plus, owned by Samsung and Tesco, and Lotte Mart.
In late May 2006, Shinsegae revealed plans to buy all 16 of the Wal-Mart Stores in Korea. All of the country's Wal-Mart outlets were re-branded as E-Mart on October, 2006 and Wal-Mart exited the Korean market soon after.
Shinsegae has spun-off its E-Mart department into separate corporation(KRX: 139480) in 2012.
Read more about this topic: Shinsegae
Famous quotes containing the words discount and/or store:
“Don’t discount our powers;
We have made a pass
At the infinite,”
—Robert Frost (1874–1963)
“I stopped believing in Santa Claus when I was six. Mother took me to see him in a department store and he asked for my autograph.”
—Shirley Temple Black (b. 1928)