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Lotte

Lotte Archives

Louis Vuitton raises prices in South Korea

French fashion house Louis Vuitton is raising prices for its luxury items in the South Korean market, allegedly in a bid...

Lotte plans to double e-commerce sales by 2023

South Korean retail conglomerate Lotte is expanding its e-commerce offering with one-hour delivery grocery services.

South Korean department stores look to VIPs as sales slide

South Korea's department-store industry has launched an all-out effort to secure VIP customers who spend more than ordin...

Coronavirus to wipe US$8.3bn off Asia-Pacific duty-free sales

The coronavirus outbreak has substantially altered forecasts for Asia-Pacific duty-free sales this year, according to re...

Lotte Shopping to axe 200 stores as losses mount

Lotte Shopping plans to shut down as many as 200 department stores and large-format supermarkets in South Korea, marking...