Lotte Department Store Archives | Be Korea-savvy
Large Retailers Post Sales Growth During Long Chuseok Holiday

Large Retailers Post Sales Growth During Long Chuseok Holiday

SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s large retailers posted solid sales ahead and during this year’s Chuseok holiday helped by all out marketing efforts to attract customers, industry sources said Monday. Data provided by local retailers showed double digit growth by some companies as the country celebrated the longest holiday in decades. Chuseok, [...]

Free-Range Eggs a Trendy Chuseok Gift After Egg Contamination Scandal

Free-Range Eggs a Trendy Chuseok Gift After Egg Contamination Scandal

SEOUL, Sept. 14 (Korea Bizwire) – After a serious egg contamination scandal that shook the confidence of South Korea consumers, gift sets of free-range eggs from animal-friendly farms have appeared at department stores, marking the first time eggs are being considered as a Chuseok gift. Lotte Department Store, one of the country’s major department store chains, [...]

Retail Industry Up in Arms Over Government Regulations

Retail Industry Up in Arms Over Government Regulations

SEOUL, Sept. 11 (Korea Bizwire) – South Korean retail businesses are on a collision course with the government following a series of regulations recently imposed on an already struggling industry amid a long-term national economic slump. Hit by a lack of consumer confidence and sluggish economic growth, the retail industry is decrying new regulations put in [...]

S. Korea’s Major Department Stores Fined for ‘High-handed’ Practices

S. Korea’s Major Department Stores Fined for ‘High-handed’ Practices

SEJONG, May 4 (Korea Bizwire) – South Korea’s corporate watchdog said Wednesday that it has slapped a combined 2.2 billion won (US$1.94 million) in fines on six local department stores for abusing their power to control their subcontractors. The companies — Shinsegae Department Store, Lotte Department Store, Hyundai Department Store, Hanwha Galleria, NC Department Store and AK Plaza — were accused of refusing to give back written contracts [...]

Lotte Department Store Introduces Robot Assistant

Lotte Department Store Introduces Robot Assistant

SEOUL, April 26 (Korea Bizwire) – Lotte Department Store’s Myeongdong location became South Korea’s first retail outlet on Monday to introduce robot shopping assistant “el Bot.”  The 1.2-meter-tall machine is capable of providing various information to shoppers, according to officials.  For example, it can recommend and give directions to restaurants inside the department store, or [...]

Lotte Doubles Down on Pandering to Chinese as Last Resort to Little Avail

Lotte Doubles Down on Pandering to Chinese as Last Resort to Little Avail

SEOUL, March 28 (Korea Bizwire) – As desperate times call for desperate measures, South Korean conglomerate Lotte is doubling down on its all-out efforts to pander to the Chinese market after 87 Lotte Mart stores were shut down by the Chinese government. Lotte’s unexpected move to send its Chinese consumers a message of understanding and [...]

Big Spenders at Department Stores on Rise

Big Spenders at Department Stores on Rise

SEOUL, Dec. 14 (Korea Bizwire) – Customers who spend big at the country’s major department stores jumped this year, industry data showed Wednesday, despite a prolonged economic slump here.  The number of wealthy customers at the four stores — Lotte Department Store, Hyundai Department Store, Shinsegae Department Store, and Galleria Department Store — jumped by [...]

Autumn the New Hot Season for Weddings

Autumn the New Hot Season for Weddings

BUSAN, Oct. 14 (Korea Bizwire) – May is no longer the most favorable month for weddings Korea, recent data shows. Instead, fall has become the most popular season for those tying the knot. Based on Lotte Department Store’s “Wedding Members” data, October saw the highest percentage of weddings at 19 percent in 2015, followed by [...]