Homeplus announced on the 16th that, due to fair transactions and efforts for mutual growth with partner companies, all performance indicators for living and home appliances partner companies increased compared to the previous year.

The number of small and medium-sized enterprises manufacturing and supplying living goods for Homeplus' own private brand, 'Simplus', increased by 73% compared to last year based on data from March to November.

Homeplus logo./Courtesy of Homeplus

During the same period, the average sales of these companies also increased by about 70% compared to the previous year. Additionally, it was noted that the 'Half-price home appliances' brand generated tens of billions in sales this year through the development of new partners since last March.

Homeplus is currently operating the 'Join Us Partners' entrance consultation system to lower barriers for new companies, and it is taking the lead in facilitating the global expansion of partner firms through the export of its private brand (PB) products to Mongolia.

In particular, the living and home appliance division of Homeplus is systematically engaging in activities to seek practical measures for proactive responses to changes in the distribution environment and various trends alongside partner companies.