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Retail Asia18/02/2017

Lotte Duty Free has reported a 26 per cent increase in turnover to W5.9 trillion (US$5.1 billion) for last year. The figures are believed to excludes sales from its overseas airport and downtown outlets (Guam, Indonesia, Tokyo), reports DFNI Online. For 2015, its sales reached W4.82 trillion, a decline from W4.55 trillion the previous year. […]

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Retail Asia30/11/2015

South Korea’s Lotte Duty Free has lost the licence to operate one of its large stores in downtown Seoul. Beleaguered Lotte – in the midst of a family feud over its management and on the eve of a planned IPO of its Hotels unit – has been displaced by heavy industries company Doosan Co in […]

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Retail Asia26/10/2015

Retail giant Shinsegae and industrial behemoth Doosan Group on Monday locked horns over the special license to run three urban duty-free stores in Seoul. With the urban duty-free stores regarded as a lucrative business for the sluggish retail industry, the chiefs of both companies vowed to win the license that could guarantee trillions of won […]

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