Homeplus Adopts Trader Joe's Model for Revival

Is Homeplus built for Trader Joe's playbook?

Embattled hypermarket chain Homeplus is pinning its revival on a new type of store modeled on US grocery chain Trader Joe's, a leap of faith that has stirred both hope for a business remade and skepticism that a company on the edge of bankruptcy has the footing to pull it off. Homeplus laid out the plan last week, after the Seoul Bankruptcy Court extended its rehabilitation deadline to Sept. 4. Once 200 billion won ($136.8 million) in debtor-in-possession financing arrives, the retailer intends

By The Korea Herald