is from ₩34,543,000,000 in 2008 to ₩46,357,000,000 in 2010. It is a high number of figures comparing to its competitors. For instance, Jinro&Hite has increased its revenue 106%, which is from ₩63,819,000,000 to ₩67,917,000,000. Also, Lotte-Chilsung recorded 132%, which is from ₩51,064,000,000 to ₩67,917,000,000 inthe same period.
Balance Sheets Summary f
is enthusiastic towards pop-up stores and, in reality they are used frequently. As the trends of fashion are changing more rapidly and consumers demand diversity, it is important for clothing brands to catch up with such movement.
In Korea, Club Monaco opened a store using a container box in front ofLotte Department Store and Shinsegae Department Store and Nike opened one near Hongik Universit
Revenue recognition
Most of risk and benefits Transfer to customers
Losing control of goods
Transaction cost and expense Revenue Transaction
Inflow of economical benefits High
Allowance for doubtful debts
Analysis
Revenue receivable
Past allowance ratio
for doubtful debts
Inventory valuation
Perpetual inventor
of success in US market and slump in Korean market comparing E-Mart)
I. Introduction
Wal-Mart Incorporation is number one discount store globally, reporting the highest sales revenue inthe world recorded at $282 billion. It is known very well for its Every Day Low Price (EDLP) strategy, which attracted significant number of customers to its stores. One ofthe reasons oftheir success in U