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Rivals see surge in revenue as Coupang reels from COVID-19 damage

Rivals see surge in revenue as Coupang reels from COVID-19 damageBy Kim Byung-wook. Updated : May 29, 2020 - 17:43. South Korean retail giant E-mart’s online store SSG.com said Friday it has witnessed a spike in its business as worried customers are shunning online grocery delivery platforms of Coupang and Market Kurly whose logistics centers reported virus infections recently. According to SSG.com, the number and sales of early morning deliveries on Friday jumped 14 percent and 37 percent, respectively, compared to last week after two Coupang employees and one Market Kurly employee working at their logistics center tested positive for coronavirus infection. “As there has been nothing special going on, except the infection cases from Coupang and Market Kurly’s logistics centers, customers must have selected SSG.com as an alternative,” a company official said.

First found on: www.koreaherald.com