NS Shopping Boosts Homeplus Express Sales Recovery

Sales at Homeplus Express, which was sold separately, are showing signs of recovery following the resumption of product supply.

Homeplus reported on June 15 that from June 1 to June 11, sales at Express increased by 16% compared to before the resumption of deliveries. Notably, sales of fresh produce rose by over 30%.

The recovery in sales is attributed to NS Shopping, a subsidiary of Harim Group, which provided payment guarantees for Homeplus Express products, allowing suppliers to resume deliveries.

A Homeplus official stated, "Considering that most major products were received starting June 8, we expect significant sales growth from this week onward."

The official also noted that the recent poor performance was due to temporary supply disruptions during the restructuring process, rather than a decline in business competitiveness. They emphasized, "If product supply is normalized, sales in other remaining business segments, such as hypermarkets, can also recover quickly."

Meanwhile, Homeplus has initiated the sale process for its headquarters, online, and hypermarket segments. The sale will be conducted through a public bidding process, with Samil PwC serving as the advisor, the same firm that managed the sale of Express.