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Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25, just 30 months after the brand was launched. The figures show how successful South Korea’s convenience stores have been in challenging…
Lotte Mart Mongolia is opening its first store, in Ulaanbaatar, in the first half of next year. The South Korean retailer has set up a joint venture with local retailer Nomin Holdings, which will sell Lotte’s private label products for the next 10 years. It…
Surging Chinese and Russian visitor numbers suggest a strong future for Korean travel retail giant Lotte Duty Free’s new store at Cam Ranh International Airport in Nha Trang, opened on 30 June. As reported, Lotte Duty Free has been awarded an exclusive…
Shareholders of Lotte’s Japanese holding company voted to retain imprisoned Lotte Group Chairman Shin Dong-bin as director, dashing his estranged older brother Shin Dong-joo’s hopes to take over the position. At the meeting held at Lotte Holdings’…
Hyundai Department Store is introducing last-minute measures to comply with the new 52-hour workweek, which goes into effect next week. Korea’s third-largest department store chain is reducing the working hours of its sales staff by one hour, the company said…
Lotte Duty Free said Sunday that it has opened its second store in Vietnam at Nha Trang Cam Ranh International Airport as it strives to expand its presence in the Asian market and better serve Chinese and Russian visitors. The company, a major player in the…
Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing…
Lotte, the South Korean retail giant, has announced the unification of all its fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. This new approach to pursue the efficiencies derived from…
South Korean retail conglomerates like CJ, Lotte and Shinsegae are catering more and more for pet owners as market demand grows. They have opened pet shops that offer products and services ranging from food and grooming services to even lodging for pets. They…
Department-store sales in South Korea rose this month with several family-oriented holidays and special occasions, retail industry data shows. Children’s Day, which falls every May 5, a substitute day off and May 8 Parents’ Day all contributed to more…
Retail giants like Lotte and Shinsegae don’t have to worry about getting their duty-free licenses renewed every five years anymore. A task force on improving duty-free regulations decided on Wednesday to propose the government extend duty-free licenses for…
Department store sales rose this month on the strength of several family-oriented holidays and special occasions, retail industry data showed Tuesday. Numbers provided by major Korean retailers showed Children’s Day, which falls on May 5 every year, a…
Korea’s Lotte Group plans to invest KRW3 trillion (US$2.8 billion) into its e-commerce business. Lotte Shopping CEO Kang Hee-tae says a comprehensive online shopping platform will integrate all eight of its online stores by 2020. Lotte Group will form a…
South Korean retail giant Lotte has sold a second discount store unit in China to a local retailer in a major step toward withdrawing from the world’s second-largest economy. Lotte Shopping will sell its affiliate for Lotte Mart in Shanghai and nearby areas…
Lotte Shopping is trying to offload its department store annexed to Anyang train station, 20km from Seoul. It is said to be in the final stage of closing a deal with shopping mall group Enter Six to either sell or transfer its lease rights on the store,…
South Korean retail giant Lotte opens a dedicated game products store in Seoul tomorrow amid a rapid growth of the country’s computer game industry. Lotte Shopping Co said it has remodelled its el Cube store in Hongdae, western Seoul, into a shop exclusively…
