Lotte Archives - Inside Retail Asia
South Korean retailers are fighting the e-commerce onslaught with ‘malling’ strategy
Cornered by a low-price offensive from online sellers, South Korean retailers are striking back with a so-called ‘malling’ strategy.
Three-way battle for Singapore Changi liquor and tobacco concessions
Three travel retail companies are in the running to take over the liquor and tobacco concession at Singapore’s Changi Airport.
South Korean chains stop selling DHC products after offensive YouTube slur
South Korean health-and-beauty stores have suspended sales of products from Japanese beauty firm DHC Corp, after the company made offensive remarks about Koreans.
South Koreans start boycotting Japanese retailers
Japanese retailers GU and Muji are being boycotted by South Korean consumers as diplomatic crisis widens.
Shopee heads list of top 10 m-commerce players in Vietnam
Shopee heads the list of the top 10 m-commerce players in Vietnam for the first quarter of this year.
King Power Bangkok airport retail monopoly to stretch another decade
King Power Duty Free has bought a monopoly on duty-free business at Bangkok’s Suvarnabhumi airport for at least another decade.
Lotte tapping deeper into Southeast Asia, advanced markets
Retail and chemical giant Lotte Group is ramping up efforts to tap deeper into Southeast Asia and advanced economies, as sales in China, once its biggest overseas market, continue to fall. Industry sources told Yonhap that overseas sales of the conglomerate came to 8.9 trillion won (US$7.49 billion) in 2018, up 7.2 per cent from a year earlier. It marks a turnaround from a near 7 pe…
Incheon Airport duty-free tenders to be released soon
Incheon Airport duty-free tenders will be released in the fourth quarter of this year.
China ends Lotte sanctions
Lotte sanctions imposed by the Chinaese government two years ago have now been lfited.
South Korean K-pop merchandise sales surge to US$132 million last year
South Korea’s K-pop merchandise market is booming, reaching US$132 million last year.
Lotte to launch The Conran Shop in South Korea
South Korean retail conglomerate Lotte has partnered with British furniture brand The Conran Shop.
Lotte Group plans to invest US$11 billion in retail
South Korea’s Lotte Group says it plans to invest US$11 billion in its expanding its retail business during the next five years.
