Oasis Market Reports 32% Increase in Q1 Operating Profit Driven by Direct Sourcing and Logistics Efficiency

Oasis Market has improved its profitability in the first quarter of this year. The company plans to secure growth momentum through direct sourcing of fresh produce, logistics efficiency, and the advancement of AI-based commerce.

On May 14, Oasis Market reported that its operating profit for the first quarter reached 8.3 billion won, a 32.4% increase compared to the same period last year. During the same timeframe, sales rose by 3.2% to 139.3 billion won, with online sales increasing by 8% year-over-year.

The company attributed its improved profitability to its direct sourcing network and enhanced logistics operations. It also announced plans to focus on advancing AI commerce starting in the second quarter. The goal is to enhance both online and offline shopping experiences through the AI assistant MAY and the futuristic Route series of stores.

Last month, MAY was fully upgraded to provide an interactive shopping service that supports everything from product search to payment. For instance, if a customer says, "Show me antibiotic-free pork belly" in the app, it presents related products and facilitates payment. If asked for a recipe, it recommends all necessary ingredients.

In its physical stores, Oasis Market has introduced the Route Mini self-checkout system. Recently installed at the Sangwangsimni Station location, Route Mini automatically recognizes products placed on it and transitions to the payment screen. The compact design has reduced checkout space by nearly 10%, allowing the company to utilize the freed-up area for product displays.

An Oasis Market representative stated, "We will build a trusted growth foundation for customers using the AI assistant MAY and the smart Route series as a stepping stone."

Meanwhile, Oasis Market has been working to resume operations at TMON, which it acquired last June, but delays in negotiations with credit card companies have left the timeline for service resumption uncertain.