The store has an area of 3,966 square meters. The prices of products are set 20 to 50% lower than those of existing mass retailers under the "Always Low Prices" initiative.
For example, onions are priced at 1,480 won (about 157 yen) per kilogram, and a pack of 30 eggs is priced at 5,980 won (about 638 yen). Other mass retailers usually sell them in 600-gram increments.
The company has reduced prices by up to 50% by reducing meat servings to 400-500 grams and the amount of packaging for vegetables by more than 30%.
The company will also sell about 70 products from the "Satisfyingly Low Prices" series.
These include "Hometown Gyoza Miya" by the company, and paper manufacturer Cody's "Soft Classic Thick Triple-Ply Toilet Paper."
For non-food items, a "flat price zone" has also been set up, where detergents and cleaning supplies are priced at 199 yen.
The products will be sold at a flat rate of 0 to 7,990 won (approximately 211 to 850 yen). In addition, the company will set up a corner with popular products from its warehouse-style mass retailer, Traders, and will also sell its private brand products.
The company said it has "minimized all costs necessary for sales, including reducing investment costs for store development, streamlining logistics, and introducing electronic shelf labels."
2024/12/16 11:44 KST
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