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Tag: Lotte Department Store

Retail Asia18/12/2018
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Living

Lotte brings in The Conran Shop to Korea

2min0
ondon-based high-end furniture and home furnishing store chain The Conran Shop will open its first South Korean outlet in the second half of next year in partnership with the country’s leading department store chain Lotte Department Store. Lotte Department Store said on December 13 it has signed a contract to run Korean stores of The Conran Shop […]
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Retail Asia17/12/2018
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Living

Party supplies sales surge in South Korea

2min0
Demand for party supplies from South Korean retailers is soaring as a growing number of people prefer to host end-of-year celebrations at home instead of going out. According to E-Mart, wine and cake sales at six stores in Daegu last month soared 18.9 per cent and 16.1 per cent, respectively, year on year. Frozen foods […]
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Retail Asia03/04/2017
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General

Shinsegae Department Store uses AI in marketing push

4min0
Shinsegae Department Store has become the first South Korean retailer to deploy a marketing strategy using AI technology. A wave of artificial intelligence (AI) is sweeping the nation’s retail industry, as major department stores and online shopping malls rush to adopt the latest technology to attract consumers. From this week, Shinsegae Department Store is introducing […]
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Retail Asia22/03/2017
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E-Tailing

Lotte Department Stores take in online retailers

2min0
Online retailers in Korea are set to open 13 outlets at Lotte Department Store branches in the next three months. “Online brands are continuously expanding into offline stores to raise their brand value and to receive real-time feedback from consumers,” says Lotte Department Store. Statistics Korea says online sales of apparel and fashion-related items have […]
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Retail Asia24/11/2016
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Food

Korean food companies move into direct retail

4min0
Korean food companies are reaching out to consumers through face-to-face encounters at their own branded cafes and restaurants. And they are reaping the rewards: upgrading their company image, testing new products and increasing sales. Binggrae gave its Banana-flavored milk, a product that has survived for 40 years, a new twist in March by opening a […]
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Retail Asia03/10/2016
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General

Korea Sale Festa’ kicks off with huge discounts from retailers

6min
South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers and traditional markets, while cultural and […]
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Retail Asia25/08/2016
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Food

Korean department stores trigger restaurant battle

4min0
Korean department stores have become the new battleground for Korean restaurant chains. Restaurants have long been a lucrative business for department store operators – accommodating hundreds of weary shoppers every day, they have sometimes been referred to as a ‘goose that lays a golden egg’. However, until now, opening such a restaurant had been a […]
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Retail Asia03/06/2016
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Fashion

Lotte tests ‘Virtual Fitting Service’

2min0
Lotte Department Store is to implement a ‘Virtual Fitting Service’ for customers to try on clothes, without actually putting them on. The service uses a special mirror that provides a virtual reflection of the customer wearing the clothing by applying a 3D image of the product to the customers’ body. It will also help customers […]
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Retail Asia30/05/2016
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AutomotiveFood

BMW cafe says Hello to Korea

1min0
A BMW cafe in Korea has opened inside a Lotte department store in Incheon. Lotte Department Store’s Premium Outlet allows visitors to enjoy the BMW motorcycles and related accessories such as clothing and helmets. The cafe open today, May 27. Free consultations about motorbikes and other products are also offered to customers.   “We tried […]
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Retail Asia14/03/2016
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General

South Korean retailers eye overseas push

6min0
The largest South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver. The country’s three major retail conglomerates – Shinsegae Group, Lotte Group and CJ Group – are targeting to sell more […]
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Retail Asia01/03/2016
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Living

Korean department stores struggle

3min0
Chinese travellers have emerged as one of the few bright spots for Korean department stores suffering from dull domestic consumption. The arrival of a new demographic of consumers has prompted an all-out fight to attract deep-pocketed clients, industry officials told Yonhap. Sales at department stores inched down 0.4 per cent on-year to 29.22 trillion won […]
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Retail Asia12/02/2016
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E-Tailing

Lotte launches smartphone app for Chinese tourists

3min0
Lotte Group has launched a smartphone app for Chinese tourists visiting Korea. The application is called ‘TianTianLeTian’, and provides visitors with information on shopping, tourism, and other services offered by Lotte companies. Department stores and large discount stores have already launched mobile solutions for Chinese tourists, but Lotte Group’s new software marks the first time […]
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Retail Asia04/12/2015
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General

South Korean retailers binge on discounting

10min
On top of seasonal sales and occasional promotions, major South Korean retailers have been holding a series of big discount events since summer to create an intense, promotion-heavy atmosphere through the Christmas season and beyond. The discount binge has indeed given a fillip to consumer spending here, but market watchers question its long-term effect as […]
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Retail Asia01/12/2015
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Living

Question mark hangs over South Korea’s discount spree

10min
People love bargain deals. Clearance sales with 80 percent or more off can even lure customers in to buy things they don’t need. That’s why retailers offer “door buster” deals when they need to handle rising stockpiles or attract customers during holiday shopping seasons, such as “Black Friday”, the biggest shopping day of the year […]
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Retail Asia12/10/2015
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Living

Retailers offer bigger deals for Korean Black Friday

3min
Retailers have marked down prices further for a government-led nationwide sales event dubbed Korean Black Friday after it faced ridicule for the lack of preparation. On Tuesday, the sixth day since the grand sale event launched, major department store chains said they will offer additional bargain deals on the trot only a day after the […]
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Retail Asia02/10/2015
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E-Tailing

Lotte Signs Five-year Exclusive O2O Deal In China

2min
Chinese B2C e-commerce website JD.com and South Korean retail giant Lotte.com have signed a strategic cooperation agreement and an exclusive agreement under which JD.com will become the sole strategic partner of Lotte.com in the Chinese mainland for five years. JD said that with the strategic cooperation agreement, Lotte Group’s products and services will enter the […]
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