Lotte Shopping news

26 November 2018
7-Eleven is trialling an unmanned locker service called Seven Locker in Seoul, South Korea. Profit-generating initiative The service is part of company’s initiatives to diversify operations and generate more profits for its convenience stores. The lockers will be set up near tourist attractions and entertainment areas where there is demand for such services among locals and visitors. Dep...
26 October 2018
The group has revised its five-year plan and now aims to spend US$44bn (KRW50tn) through 2023. Significant investment in ecommerce Of the total investment, 25% will go to retail to be spent on ecommerce infrastructure, logistics, big data and AI. Lotte plans to hire 70,000 workers during the five-year period, mainly in the ecommerce sector. This big investment to bring physical stores onlin...
06 August 2018
South Korean conglomerate Lotte Group is looking to sell some of its department stores in China, edging closer to exiting the market completely.  Sales impacted by THAAD and consumer sentiment The retailer currently operates five department stores in China. Lotte department stores in Tianjin and in Weihai, Shandong Province are likely to close first, while stores in Shenyang and Chengdu in ...