Oasis Market Reports 357 Billion KRW in Sales Last Year, Up 50% Year-on-Year

[Asia Economy Reporter Lim Chun-han] Oasis Market, a dawn delivery specialist, announced on the 21st that its cumulative sales last year reached 357 billion KRW. This represents a 50% increase compared to the 238.6 billion KRW sales in 2020, marking the highest figure since Oasis Market was founded in 2011.

Last year's operating profit was 5.7 billion KRW, a 41% decrease compared to the previous year. Oasis Market explained that this was due to a temporary increase in investment costs caused by new store openings and expansion of logistics facilities.

Oasis Market stated that the number of orders increased by approximately 150% year-on-year last year due to the expansion of handled products and dawn delivery service areas, and the average spending per customer increased by about 10%. The cumulative number of members last year grew by 66% compared to the previous year, with Oasis Market's membership totaling 950,000 as of last month.

An Oasis Market official said, “This year, we plan to focus not only on providing greater benefits to existing customers but also on expanding new memberships,” adding, “We will launch quick commerce services within the second quarter and are preparing for business expansion utilizing the Uiwang Fulfillment Center, which is ten times the size of the existing logistics center.”

This content was produced with the assistance of AI translation services.