Retail
Past coverage from 0 countries · Last active May 10, 2026
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Homeplus Faces Funding Shortfall Despite Express Sale, Seeks Revised Recovery Plan
- Homeplus is preparing a revised rehabilitation plan, including store closures and potential large-mart sales, after its initial plan was deemed unlikely to succeed. - The company faces a funding gap of approximately 300 billion won for its recovery, despite selling off Homeplus Express. - To cut costs, Homeplus will temporarily suspend operations at 37 stores until July, with 54 stores closed in…