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Lotte

Lotte Archives

The interior of a TGI Friday’s restaurant.

Lotte seeks to unload TGI Friday’s as part of restructuring

Lotte is moving to divest its TGI Friday's restaurant chain rights in South Korea as it restructures its business portfo...

Lotte seeks to unload TGI Friday’s as part of restructuring

Lotte is moving to divest its TGI Friday's restaurant chain rights in South Korea as it restructures its business portfo...

Sales growth disappoints South Korean department store operators

A South Korean government-led retail sale festival designed to boost spending amid the coronavirus outbreak ended yester...

Lotte to launch snack subscription service

Lotte Confectionery Co will launch a snack subscription service dubbed “Monthly Snack,” the first of its kind in South K...

Lotte Shopping speeds up store-exit plan

South Korean retail group Lotte Shopping will sell off 121 stores this year in an attempt to recover from the impact of ...

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...