Zinus Hits 'Jackpot' in US Online Market...560 Billion KRW Sales in Two Days

56.3% Increase Compared to Last Year
Expectations for Profitability Improvement in the Second Half

Jinuss, a global furniture and mattress company affiliated with Hyundai Department Store Group, achieved record-breaking sales by participating in Amazon's major discount event, 'Prime Day,' in the United States.

Hyundai Department Store Group announced on the 10th that Jinuss, a global furniture and mattress specialist, recorded total sales of 56 billion KRW during last month's Amazon Prime Day event.

This represents a 56.3% increase compared to last year's event sales (28.2 million USD), marking the highest sales ever for a single event. Amazon Prime Day is a large-scale discount event held annually in July since 2015 in the U.S., targeting Amazon paid membership subscribers.

Global furniture company Zinus, affiliated with Hyundai Department Store Group
[Photo by Hyundai Department Store Group]

This year, Jinuss's Prime Day sales were reported to be the highest among all mattress companies participating in the Amazon Prime Day event. Over 300,000 mattresses and furniture items were sold within two days of the event, and a significant portion of inventory held by existing U.S. distributors was depleted. Jinuss expects active new product orders due to the inventory depletion.

Profitability improvement is also anticipated in the second half of the year. This is due to the recovery of the U.S. mattress market, Jinuss's main market, along with the gradual normalization of raw material prices and maritime freight costs. According to Jinuss, the raw material prices for foam, a key mattress material, have dropped by 10-30% compared to the same period last year, and maritime freight costs have also returned to pre-COVID-19 levels.

A Jinuss representative stated, "Building on the success at Amazon, we plan to accelerate our penetration into the North American mattress market by advancing the launch schedule of new mattresses and furniture products planned for the second half of the year and strengthening various promotional events."

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