Lotte Mart

Retail Asia20/01/2016

Lotte Mart, South Korea’s No. 2 discount chain, is under investigation for allegations of unfairly pressuring a supplier into selling pork bellies below production cost, Korea’s antitrust watchdog said Tuesday. A source at the Fair Trade Commission (FTC) said investigators have been checking the retailer since December after a local pork producer raised complaints that Lotte Mart not […]

Retail Asia28/10/2015

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Lotte Mart Vietnam plans to open 50 new supermarkets by 2020. The South Korean company’s Vietnam subsidiary operates just 11 supermarkets currently. Besides opening its own hypermarkets, the company has taken a strategic investment in local grocery retailers Citimart in Ho Chi Minh City and Fivimart in Hanoi which are now being co-branded and essentially […]

Retail Asia02/10/2015

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 […]

Retail Asia10/08/2015

Reports from Korea suggest Lotte Group has lost more than 1 trillion won (US$853 million) in China in just three years. Data assembled by CEO Score shows Lotte China made heavy losses between 2011 and 2014 as South Korea’s fifth largest company struggled to understand the Chinese consumer and build market share. Last month, Lotte […]

Retail Asia27/07/2015

Wumart Stores, the Beijing-based, Hong Kong-listed grocery retailing giant, has today reported an 11.9 per cent increase in sales in the first six months of the year. Total revenue topped RMB11.6796 billion at a time when foreign box box food and hypermarket retailers are feeling the pressure. Lotte Mart this week said it was closing […]

Retail Asia23/07/2015

South Korea’s Lotte is finding the Chinese retail market tough to crack. Lotte Mart, the supermarket arm of South Korea’s Lotte Group, is to close four underperforming supermarkets in East China’s Shandong Province, according to the China Business Journal newspaper. Lotte is said to be losing market share in Mainland China unable to differentiate itself […]

Retail Asia24/06/2015

Korea’s Lotte Group is reportedly planning to purchase a number of purchasing malls in Indonesia to broaden its operations within the fast-growing Southeast Asian financial system. A Lotte spokesman has successfully confirmed discussions however advised media in Korea that “nothing has been determined but”. In line with information reviews, Lotte Indonesia engaged Samil PricewaterhouseCoopers to […]

Retail Asia22/06/2015

Korea’s Shinsegae Group is about to open an enormous purchasing centre northwest of Seoul which it hopes will take the battle to Ikea for homewares buying. Shinsegae, one of many nation’s largest division retailer operators, will open E-Mart City on June 18, on a website adjoining to the Kintex conference centre in Ilsan, within the […]

Retail Asia20/06/2015

South Koreans are more and more turning to on-line channels for grocery purchasing as they eschew their traditional visits to grocers amid the continued unfold of Center East Respiratory Syndrome (MERS), business knowledge exhibits. South Korea has reported 150 MERS infections because the first case was confirmed on Might 20, the most important outbreak outdoors […]

Retail Asia25/03/2015

Korean retailer Lotte Mart has opened a shop front on China’s Tmall. The Lotte Mart store on Tmall Global, is the first Korean discount store to have an online presence on the popular Chinese online shopping mall. Lotte Mart has launched with an offer of 16 selected Korean products popular with Chinese customers, including beauty products […]

Tag: Lotte Mart

Lotte Mart faces pork probe

Lotte Mart Vietnam in supermarket rollout

Lotte Signs Five-year Exclusive O2O Deal In China

Lotte China loses a trillion

Wumart Stores sales surge

Lotte China closes stores

Lotte Indonesia tipped to purchase malls

Shinsegae opens big mall

MERS fears drive Koreans on-line

Lotte.com opens Tmall storefront