E-Land Retail
E-Land Retail is a prominent player in the fashion and retail industry, operating as a subsidiary of the South Korean conglomerate E-Land Group. The company has a rich history that dates back to its inception in 1980 when it started as a small 6 square meter clothing shop near Ewha Womans University in Seoul. Over the years, E-Land Retail has expanded its operations significantly, both domestically and internationally.
The company's growth trajectory includes several notable milestones. In 1994, E-Land Retail introduced the concept of outlet stores to the Korean market, establishing the first 2001 Outlet store. This move revolutionized the retail landscape by offering a multi-story shopping experience that combined groceries, housewares, and apparel under one roof. By 2005, E-Land Group had become the 37th largest corporation in Korea, with assets exceeding $2 billion.
E-Land Retail's acquisition strategy has played a crucial role in its expansion. In 2003, the company acquired a 75% stake in New Core, a department store chain with 25 locations across Korea. This acquisition was followed by a transformative rebranding and operation as two department stores and 15 fashion premium outlets. Another significant acquisition was that of Carrefour's South Korean operations in 2006, which included 32 discount stores. This move elevated E-Land Retail to the second-largest discount/outlet operator in South Korea.
The company's portfolio is diverse, featuring a range of fashion brands and products that cater to various customer segments. E-Land Retail offers men's wear, casual clothes, kids' wear, women's clothing, and more. It enables customers to access a wide array of apparel choices from different brands in one convenient location.
E-Land Retail also owns several well-known brands, including Coccinelle, an Italian accessories brand established in 1978. Other subsidiaries under E-Land Retail include Mandarina Duck, a specialty retailer based in Milan, Italy, and K-Swiss, a footwear brand headquartered in Los Angeles, California. Additionally, the company owns Lochcarron John Buchan, a specialty retailer located in the United Kingdom.
The company's commitment to providing quality fashion products and its strategic acquisitions have positioned E-Land Retail as a significant entity in the global fashion retail sector. With a network of fashion outlets, department stores, and hypermarkets, E-Land Retail continues to innovate and grow, maintaining its status as a key player in the industry.