Search company, investor...

e-mart

emartcompany.com

Founded Year

1993

Stage

IPO | IPO

Date of IPO

6/10/2011

About e-mart

e-mart (KRX: 139480), originally founded by Shinsegae, is a hypermarket retail company. e-mart has specialty shops and exclusive stores, including "Emart", the discount store brand, "Emart mall," the online presence, and "Emart Traders", the EDLP store brand, and others.

Headquarters Location

377, Ttuseom-ro, Seongdong-gu

Seoul,

South Korea

02-380-5678

Missing: e-mart's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: e-mart's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest e-mart News

E-mart: Looking to Post-2H22 Results From E-commerce Strategy Shift

Sep 2, 2022

E-mart: Looking to Post-2H22 Results From E-commerce Strategy Shift Share E-mart: Looking to Post-2H22 Results From E-commerce Strategy Shift By Shinay Park   Maintain BUY; cut target price 13% to KRW140,000; short-term earnings momentum limited      We maintain BUY on E-mart but cut our TP by 13%  (KRW160,000→KRW140,000). Earnings momentum is unlikely to pick up anytime soon given (1) declining Hypermarket earnings, (2) stalling Starbucks Korea earnings growth and (3) a hazy E-commerce outlook. With such factors already priced in and the stock trading at historically low levels, additional pullback should be limited. We are keeping an eye on whether E-commerce improves. E-commerce strategy to shift toward profitability-driven/balanced growth          E-mart announced that it will shift its E-commerce strategy in 2H22 from volume-based to profitability-driven/balanced growth. Its plan should: (1) consolidate 18 small-/mid-sized P&P centers to improve logistics capacity; (2) avoid selling low-margin products; and (3) offer members only promotional points rather than discounts. We expect results from the strategy shift to become visible in 3Q22. Reflecting this, we cut 2022E-2024E SSG.com gross revenue by more than 10% each year but raise OP by more than KRW20.0bn each year. 2Q22 OP fell KRW16.2bn short of market consensus on declining Hypermarket earnings and higher E-commerce costs    E-mart posted 2Q22 consolidated net revenue of KRW7.15tn (+22% YoY), with OP entering negative territory at -KRW12.3bn (-KRW19.9bn YoY). Net revenue was in line with the market consensus but OP fell short by KRW16.2bn. (1) Hypermarket (offline) gross revenue increased 4% but OP fell KRW16.8bn YoY to –KRW36.4bn. While same-store sales rose 3.8% and GPM improved 0.4pp, OPM deteriorated 0.6pp on higher SG&A (i.e., fees at P&P centers, labor costs). (2) E-mart Traders revenue declined 0.4% on an unfavorable base effect while OP tumbled 48% on costs related to new store openings (-0.5% SSSG). (3) SSG.com gross revenue increased 13% but operating loss widened KRW14.0bn YoY to KRW40.5bn (on KRW6.0bn cost related to membership launch). (4) Gmarket Global gross revenue came in at KRW4.1tn (+1% YoY) with operating loss of KRW18.2bn (on KRW3.0bn cost related to membership launch). (5) Starbucks Korea revenue grew 15% (3% SSSG) but OP decreased 6% on higher raw material/labor costs. POPULAR

e-mart Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

e-mart Rank

e-mart Frequently Asked Questions (FAQ)

  • When was e-mart founded?

    e-mart was founded in 1993.

  • Where is e-mart's headquarters?

    e-mart's headquarters is located at 377, Ttuseom-ro, Seongdong-gu, Seoul.

  • What is e-mart's latest funding round?

    e-mart's latest funding round is IPO.

  • Who are the investors of e-mart?

    Investors of e-mart include Shinsegae Group.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.