This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
|A panoramic view of the headquarters building of E-Mart in Seongsu-dong, Seoul. Photographs: E-Mart
[Infostock Daily= reporter Song Jeong-hoon] E-Mart announced its consolidated sales target for 2020 at 21 trillion won, 10 percent more than in 2019, and forecasted a separate estimate of 15.3 trillion won, up 4.3 percent from last year.
The main business, discount stores, aimed at 11.26 trillion won, up 2% from last year, and E-Mart traders aimed at 2.67 trillion won, up 14.2%.
E-Mart will invest 845 billion won to achieve this plan this year, of which 260 billion won will be invested in maintenance and system improvement of E-Mart stores.
The company also raised its earnings targets for its subsidiaries, including online malls and convenience stores. SSG.com offered its target of 3.6 trillion won based on transaction value, which is 25% higher than in 2019.
E-Mart24 also plans to open 900 new stores this year. Sales are 29 percent higher than last year.
Meanwhile, E-Mart also released its fourth quarter results in 2019, with consolidated net sales of 4.823 trillion won in the fourth quarter of last year, but operating profit was a deficit of 10 billion won. Separately, sales and operating profit were 3.6 trillion won and 25.3 billion won, respectively.
“E-Mart plans to shift to customer and market-oriented trends this year and focus on top-line growth and revenue,” said an E-Mart official.
Reporter Song Jeong-hoon email@example.com