OASIS, which operates Oasis Market, said on the 13th that its third-quarter results came to 145.3 billion won in revenue and 2.7 billion won in operating profit. Revenue rose 13% from a year earlier, but operating profit fell 47%.
Oasis Market introduced the compact AI unmanned checkout system "Root100" in the third quarter of this year, unveiling a new unmanned, automated store. Expanding online and offline customer touchpoints and ramping up marketing activities led to positive customer response, driving revenue growth.
The online business sector saw revenue rise 18% from a year earlier. On a cumulative basis for the third quarter of this year, the number of customers who purchased at least once a month increased 16% from a year earlier. The visit frequency of customers who visited the OASIS app also grew 28% year over year. In addition, the share of loyal customers who purchased six or more times a month in total revenue rose by 4.1 percentage points (P).
However, profitability deteriorated in the third quarter. Oasis Market said, "This was due to initial investment expenses following the launch of unmanned automated stores, as well as a strategic expansion of marketing and advertising executions to secure mass-market customers."