Lotte Shopping news

28 February 2019
South Korean retailer Lotte Mart has just added its 14 th store in Hanoi. New store targets students The new 2,776 sq m store is located in Cau Giay district, an urban area near seven local universities. The store has trendy yet affordable products items from Korea, US and Europe. It also provides cooked food and easy to cook food suitable for single households and college students. About ...
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...
28 August 2018
7-Eleven in South Korea has launched a new fully automated 'express' format. Another automated store... Having launched its first unstaffed convenience store at Lotte World Tower in Seoul last year, 7-Eleven is now testing its latest 'express' format. South Korea continues to see the rise of self-service and cashier-less stores with various retailers exploring this space.  ...
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 ...
18 July 2018
South Korean conglomerate, Lotte, is planning to open to its first Lotte Mart store in Mongolia in the first of half of next year. First Lotte Mart in Ulaanbaatar The first Lotte Mart store in Mongolia is expected to be opened in Ulaanbaatar next year. Lotte has set up a joint venture with Nomin Holdings, which will sell Lotte’s private label products for the next 10 years. The two companie...
11 July 2018
Our senior retail analyst Tan Soo-Eng recently visited Lotte Mart's Go Vap outlet in Ho Chi Minh City. Be Goods by Busan Lotte Mart Vietnam is promoting products from South Korean small and medium sized enterprises (SMEs), adding areas in-store called Be Goods by Busan. The range includes 70 products from 13 companies based in Busan, including fruit and vegetable drinks, confectionery and s...
22 May 2018
Lotte has announced plans to invest KRW3tn (US$2.8bn) into its ecommerce operations. Integration across online businesses After a challenging 2017 and Lotte Mart operations in China all but sold, Lotte has turned its attention to integrating its online businesses to drive future growth. The new online shopping platform will integrate all eight of its online stores by 2020. The Group pl...
10 May 2018
We review the latest developments at E-Mart, Lotte, Home plus and GS Retail, the four largest food and grocery retailers in South Korea. Pepper the robot at E-Mart E-Mart is working with Japan's Softbank Robotics Corp to test 'Pepper' the robot. 'Pepper' will be stationed at an E-Mart store in Seoul for about three weeks to service shoppers in store. The 1.2m-tall robot will be able to prov...
26 April 2018
Lotte Mart has agreed a deal with Chinese retailer Wumei Holdings Inc. to sell its 21 stores in Beijing. The deal Lotte will sell 87.38% stake of its Lotte Mart stores in Beijing to Wumei Holdings Inc. for CNY1.42bn (US$224m). Wumei operates Beijing-based supermarket, Wumart, covering mainly northern parts of China. To ensure a smoother transition for the stores, Lotte will maintain a 5% sh...