Homeplus

Homeplus Co., Ltd
Company typePrivate
IndustryRetailing
Founded1997[1]
Headquarters
Seoul
,
South Korea
Number of locations
Hypermarkets:142
Homeplus Express:333 (as of Nov 2021)
365 Plus:331
(as of the end of 2017)[1]
ProductsGroceries,
consumer goods
Owner
Websitewww.homeplus.co.kr (in Korean)
Korean name
Hangul
홈플러스
Revised RomanizationHompeulleoseu
McCune–ReischauerHomp'ŭllŏsŭ
The 1st Homeplus Special stores in Daegu, Korea

Homeplus (Korean: 홈플러스) is a Korean discount store retail chain running about 140 branches with 25,000 employees throughout South Korea.[2] Homeplus is the second largest retailer in South Korea,[3] behind Shinsegae Group's e-mart chain.

Homeplus operates its hypermarkets, super market chain 'Homeplus Express', convenience store '365 Plus' and online shopping service. Homeplus stores offer everything from groceries to clothes and appliances.[4]

Starting in 1997 with distribution business department of Samsung C&T Corporation, Homeplus opened its first hypermarket in Daegu and its second branch in West Busan.[5] In 1999, a joint venture between Samsung C&T and worldwide British retail chain Tesco, ‘SamsungTesco’ was launched, and it has grown into the second largest retailer in Korea by taking over 33 Homever (ex-Carrefour) stores since 2008. On March 1, 2011, due to the expiration of the mutual use contract with the Samsung Group, the corporate name was changed from Samsung Tesco Co., Ltd. to Homeplus Co., Ltd.[6] And on November 22, 2011, the first store of Homeplus 365, a convenience store brand, was opened.[7] In September 2015 the company was sold to MBK Partners, a South Korean buyout firm, which partnered with the Canada Pension Plan Investment Board and Singapore's Temasek Holdings in a transaction worth £4.2 billion.[8][9] It is headquartered in Gangnam-gu, Seoul, Korea in 2015, and operates a total of 107 hypermarkets and 828 expresses nationwide.[10]

  1. ^ a b "홈플러스 공식 홈페이지". corporate.homeplus.co.kr.
  2. ^ "홈플러스 공식 홈페이지". Homeplus. Retrieved March 17, 2019.
  3. ^ Gómez-Suárez, M.; Martínez-Ruiz, M.P. (2016). Handbook of Research on Strategic Retailing of Private Label Products in a Recovering Economy. Advances in Marketing, Customer Relationship Management, and E-Services. IGI Global. p. 115. ISBN 978-1-5225-0221-0. Retrieved November 14, 2017.
  4. ^ "홈플러스 온라인 쇼핑몰". August 28, 2018.
  5. ^ "[할인점의 진화 上] '3세대 할인점' 체험형으로 '검지족' 공략". Newsprime. August 29, 2018.
  6. ^ "홈플러스 3월부터 '삼성'과 결별". The Financial News (in Korean). 2011-02-27. Retrieved 2021-03-20.
  7. ^ "홈플러스, 편의점 사업 진출..중소상인 반발(종합)". Daum News (in Korean). Retrieved 2021-03-20.
  8. ^ "Tesco sells South Korea stores for £4bn". BBC News. September 7, 2015. Retrieved September 7, 2015.
  9. ^ "Tesco starts sell-off ahead of results with Asian disposal". BBC News. 12 April 2016. Retrieved 12 April 2016.
  10. ^ "Homeplus, doopedia". Doopedia.