Lotte opens Jeju obligation free retailer
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Lotte has opened a 6612 sqm Jeju obligation free retailer.
The brand new retailer, constructed at a price of US$72 million, spans three flooring of the Lotte Metropolis Lodge in Jeju metropolis’s Doryeong-ro district, within the island’s CBD.
Lotte Obligation Free says it’s almost 3 times the dimensions of the older retailer it replaces.
Lee Hong Kyun, Lotte Obligation Free’s president, says the corporate plans to develop different leisure and cultural points of interest close by to attract much more vacationer clients to the location “Lotte Obligation Free Jeju retailer, standing on the bottom of its native company, Lotte Obligation Free Jeju Co Ltd, will make a purchasing cluster in Jeju and appeal to overseas vacationers in accordance with the tourism improvement coverage of Jeju,” he stated on the retailer’s opening ceremony.
The brand new retailer is predominantly concentrating on Mainland Chinese language vacationers and features a cosmetics zone boasting 70 worldwide fragrance and cosmetics manufacturers.
“Lotte Obligation Free has analysed the preferences of Chinese language vacationers and launched 270 manufacturers, together with international luxurious manufacturers, jewelry, equipment, cosmetics, watches, liquor and tobacco.” the corporate stated in a press assertion.
“The worldwide luxurious jewelry manufacturers Bvlgari and Tiffany & Co are solely situated in Lotte Obligation Free Jeju retailer.”
Questions & Answers
Q.What was the total cost of constructing the new Lotte obligation-free retailer in Jeju?
What was the total cost of constructing the new Lotte obligation-free retailer in Jeju?
The new retailer was constructed at a price of US$72 million. This investment covers the building across three floors of the Lotte City Hotel in Jeju's Doryeong-ro district.
Q.How much larger is the new Lotte retailer compared to the older store it has replaced?
How much larger is the new Lotte retailer compared to the older store it has replaced?
Lotte Duty Free states that the new 6612 sqm retailer is almost three times the size of the previous store it replaced. This expansion provides a significantly larger retail space.
Q.Which specific types of products are the Bvlgari and Tiffany & Co brands offering exclusively at this new store?
Which specific types of products are the Bvlgari and Tiffany & Co brands offering exclusively at this new store?
The international luxury brands Bvlgari and Tiffany & Co are exclusively situated in the Lotte Obligation Free Jeju retailer for their luxury jewellery offerings. They are part of a wider selection of premium brands.
Q.What is the primary customer group that Lotte is aiming to attract with this new store in Jeju?
What is the primary customer group that Lotte is aiming to attract with this new store in Jeju?
The new Lotte retailer is predominantly concentrating on Mainland Chinese tourists. The store's product selection and marketing efforts are tailored to their preferences, including a large cosmetics zone.
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