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Retail Asia01/03/2019

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 products. There will be an international zone that sells products from Korea, the US and […]

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Retail Asia04/02/2019

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 – especially those originating from gift set packaging – which […]

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Retail Asia25/01/2019

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 transportation fee after a product has been delivered. The regulator could fine the retailer 400 billion won ($353.92 million) if […]

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Retail Asia03/12/2018

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 Department Store, one of the country’s retail majors saw its sales from Nov. 1 to 29 […]

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Retail Asia12/07/2018

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 including fruit and vegetable drinks, frying pans and […]

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Retail Asia13/06/2018

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 receive safety approval from the Ministry of Food and Drug Safety last month. […]

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Retail Asia13/03/2018

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 Vietnamese banh mi sandwiches alongside croissants, cookies, waffles and tiramisu. Targeting […]

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Retail Asia29/11/2017

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 products. Free delivery within a radius of 10km will apply for purchases over […]

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Retail Asia25/03/2017

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 (US$320 million) via stock sales and loans. In a regulatory filing, Lotte […]

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Retail Asia21/12/2016

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 a commercial-residential building in Jakarta with some 7,000 households. Lotte Mart’s […]

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Retail Asia06/12/2016

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 Fivimart outlets. The retail operators plans to expand its network to 100 supermarkets by 2020, […]

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Retail Asia18/10/2016

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) acquired Metro Cash & Carry Vietnam at the cost of 655 million […]

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Retail Asia29/09/2016

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 penetration of foreign retailers into the country has increased, fierce competition in the […]

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Retail Asia30/07/2016

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 Shinsegae – increased 11.8 per cent on-year in June, while those of major discount retailers – […]

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Retail Asia19/07/2016

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 giants are competing fiercely in the region. E-Mart, […]

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Retail Asia18/05/2016

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 the South Korean company is looking at more mergers and acquisitions […]

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Retail Asia29/03/2016

Berli Jucker shareholders have voted in favour of the US$6.2 billion acquisition of a majority stake in Big C Thailand. The vote – virtually unanimous – followed news the listed company had secured funding for the purchase from a syndicate of 15 banks and means the deal is now all but complete. Settlement is expected […]

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Retail Asia22/03/2016

Lotte Group believes that women know what women want. As a result, it’s moving more women into executive positions.In fact, its retail arm, Lotte Mart, has the largest number – six – which is 30 percent of the 19 women executives in the group: Julia Han, head of the home furnishing division; Kate Song, head […]

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Retail Asia17/02/2016

Indonesia’s middle- and upper-class consumers are set to propel the trend of online grocery shopping, according to Jakarta-based grocery-shopping app HappyFresh. “The outlook has never been more promising,” says CEO Markus Bihler. “Opportunities abound in this region with its sophisticated, food-loving consumers, growing wealth and rapid urbanisation. The continued increase in mobile adoption and broadband […]

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Retail Asia03/02/2016

South Korea plans to unveil a new index tracing online retail prices this year by using big data from private sector to reflect actual economic sentiment, according to Statistics Korea on Tuesday. The state-run agency plans to release an online price index that will complement the consumer price index by the end of this year, […]

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