Oasis Market Q2 operating profit jumps 95.5% to 6.9 billion won

Oasis Market posted second-quarter consolidated operating profit of 6.9 billion won (about $4.9 million), up 95.5% from a year earlier, even as revenue fell 8% to 137 billion won (about $96.3 million). Net profit rose 28% to 5.5 billion won (about $3.9 million). The company said the performance reflected a shift away from discount marketing and loss-making expansion toward profitability-focused management, including a higher mix of private-brand products and stronger merchandise categories. Expanded direct sourcing lowered the cost of goods sold ratio to 67.04% from 70.54% a year earlier, while automation through its proprietary logistics solution Oasis Route helped reduce variable costs and selling and administrative expenses fell 5.1%. Oasis Market also launched the Club Oasis membership service in late June, promoting an effective subscription fee of zero won to encourage repeat purchases, and said its AI-powered unmanned checkout system Route is now operating at seven stores as part of a broader retail technology push.

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