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Lotte Mart Vietnam has opened its third Hanoi store in Cau Giay District. The South Korean retailer’s new 2776sqm branch is located in the urban district, near seven local universities. Targeting local students, the branch will offer trendy but inexpensive…
For many in Korea, Lunar New Year is a time to meet relatives and exchange elaborately-packaged gift sets that could contain anything from fruits and raw meat to cans of Spam. But one side effect to this approach to gift giving is the excessive waste –…
Korea’s antitrust body is examining the practice of retailers unfairly shifting distribution costs to their suppliers. The Fair Trade Commission (FTC) has started evaluation proceedings against Lotte Mart for transferring this burden and charging an onward…
South Korean retailers enjoyed a big sales boost from annual shopping extravaganza they launched in November to join the world’s major shopping events like Black Friday in the U.S. or Single’s Day in China. According to industry sources on December 2, Lotte…
Lotte Mart Vietnam will promote products from South Korean SMEs in its Go Vap outlet in Ho Chi Minh City. The retailer will add a special sales zone called Be Goods by Busan, to sell 70 products from 13 companies based in Busan. Lotte has selected products…
Lotte Mart began selling menstrual cups at its online and brick-and-mortar stores today. The discount chain will sell two variations of “WithCup” in two different sizes, both priced at 39,000 won ($36.21). WithCup was the first menstrual cup made in Korea to…
Vietnamese coffee and tea chain Phuc Long is expanding into Danang next month. The brand will open two stores inside Lotte Mart and on Nguyen Van Linh Street in the city’s Hai Chau district. The chain has also enriched its food menu, offering traditional…
Korean retailer Lotte Mart has launched its Speed Lotte shopping app in Vietnam. The app allows smartphone users to buy more than 1000 items from categories including fresh food, lunch boxes and Korean products as well as Lotte Mart’s Choice L home-brand…
A unit of Lotte Group, a South Korean retail giant currently receiving the brunt of China’s apparent economic retaliation in protest over Seoul’s deployment of a U.S. missile defense scheme, said Friday that it plans to raise a total of 360 billion won…
Lotte Mart, a discount store chain operated by retailer Lotte Group, said Wednesday it has opened its 46th store in Indonesia in line with its global growth strategy. With floor space of 5,572 square meters, the Pramuka shop opened on the underground floor of…
Korean chain K-Market is in talks with VinGroup to expand its network. K&K, the owner of K-Market supermarket chain and K-Food, wants to expand by opening inside VinGroup’s commercial centres. K-Market currently locates its retail stores inside Lotte Mart and…
JLL released a brief report on Asian and European retailers ready to penetrate the market of more than 90 million people.The report pointed out evidence of the expansion of foreign retailers in Vietnam’s market. At the end of 2014, Berli Jucker Plc (BJC)…
Việt Nam’s growing retail market has attracted the attention of foreign retailers. A series of famous retailers from Japan, Thailand, South Korea and France have flocked to the country, hoping to penetrate the market, a recent JLL Việt Nam report said. As…
Korea retail sales rose in June according to government data measuring major department stores and discount chains. The government said the year-on-year increase was fuelled by more holidays. The combined sales of three department stores – Hyundai, Lotte and…
The Go Vap district near Tan Son Nhat International Airport and part of Ho Chi Minh City in Vietnam are widely known as special to the Korean retail industry. This is because despite the fact that there are not many Koreans residing in the area, Korean retail…
With 12 stores, hypermarket chain Lotte Mart Vietnam chalked up sales of VND5 trillion (US$221.58 million) last year – 30 per cent growth year-on-year. Foot traffic also grew 20 per cent, says CEO Hong Won Sik. Its latest outlet opened late last month, and…
