Lotte Duty Free plans expansion in Nha Trang
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Korea’s Lotte Duty Free will open its second Vietnam airport store in Nha Trang next year.
The store is set to locate at Cam Ranh International Airport’s new terminal which is now under construction, and on track to be complete in first half of 2018.
The operator expects to gain US$644 million in sales from the new store over the next 10 years.
The operator has recently completed its first airport store in Da Nang, with a part re-launched in May.
Questions & Answers
Q.What is the anticipated sales revenue for the new Lotte Duty Free store in Nha Trang over the next decade?
What is the anticipated sales revenue for the new Lotte Duty Free store in Nha Trang over the next decade?
The operator forecasts achieving US$644 million in sales from the new Nha Trang store within the next 10 years. This projection reflects their long-term financial expectations for the new retail space.
Q.Where will Lotte Duty Free's new store in Nha Trang be located?
Where will Lotte Duty Free's new store in Nha Trang be located?
The new Lotte Duty Free store in Nha Trang will be situated within the new terminal at Cam Ranh International Airport. This terminal is currently under construction and is scheduled for completion in the first half of 2018.
Q.When is the new airport terminal, where the Lotte Duty Free store will be located, expected to be finished?
When is the new airport terminal, where the Lotte Duty Free store will be located, expected to be finished?
The new terminal at Cam Ranh International Airport, which will house the Lotte Duty Free store, is on track to be completed during the first half of 2018. Construction is ongoing for this development.
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