SEOUL, Jul. 2 (Korea Bizwire) – In a bid to differentiate themselves from online shopping platforms, South Korean department stores are undergoing significant transformations, focusing on experiential retail, premium offerings, and attracting younger consumers. At the Lotte Department Store in Jamsil, Seoul, the 10th floor audio section now boasts three listening rooms. Global audio brands Geneva [...]
SEOUL, Apr. 30 (Korea Bizwire) – Lotte Department Store is rolling out Pokémon Town pop-up shops across the country ahead of Family Month in May, capitalizing on the enduring craze for the iconic Japanese media franchise. A Pokémon pop-up at the retailer’s Jamsil branch last April drew around 100,000 visitors over just 10 days. Including another [...]
SEOUL, July 24 (Korea Bizwire) — A pop-up store to mark the upcoming Seoul visit of the English football club Manchester City will be opened later this week, its operator said Monday. The pop-up store, named “Puma City,” will operate from Friday to Sunday at Lotte World Mall in Jamsil, southern Seoul, according to Lotte [...]
SEOUL, April 11 (Korea Bizwire) — Lotte Department Store said Monday it will host this year’s first plogging event, which combines jogging and picking up trash, in the neighborhood of Gyeonghui Palace in central Seoul. The department store chain operator will install a booth at the entrance of the palace for three days starting from [...]
SEOUL, Nov. 9 (Korea Bizwire) — Lotte Department Store said Tuesday it will join hands with animal rescue organization We Act to keep abandoned dogs warm throughout the winter. Temporary protection facilities in which rescued animals reside prior to adoption are often little more than cold shipping containers and require a separate heating device in the [...]
SEOUL, March 23 (Korea Bizwire) — Miniature-sized model cars, popular during the 1990s and early 2000s, are seeing a surge in interest thanks to the so-called “newtro” movement. Lotte Department Store’s Nowon branch in Seoul renovated a boutique for Japanese brand Tamiya, a popular model car and plastic model maker, on Friday. The department store [...]
SEOUL, Nov. 25 (Korea Bizwire) — Lotte Department Store is attracting senior customers in their 50s and 60s with facilities for ‘pet plants’. Lotte Department Store’s Mia Branch has opened the industry’s first pet plant hotel, which led to a 15 percent increase in sales between August and October among senior customers over 50 years [...]
SEOUL, Jan. 21 (Korea Bizwire) — It has been reported that since the introduction of the government imposed 52-hour workweek, the number of individuals attending department store cultural centers has increased. Lotte Department Store, the country’s leading retailer, reported on Monday that the number of students attending its cultural centers had increased by 3.5 percent [...]
SEOUL, Sept. 12 (Korea Bizwire) – South Korea’s large retailers affiliated with family-controlled conglomerates, or chaebol, account for more than 60 percent of violations of a related law over the past five years, a report showed Wednesday. The Fair Trade Commission (FTC), South Korea’s antitrust watchdog, detected 48 breaches of the act on fair transactions [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s sportswear market is expected to surpass the 2 trillion won (US$1.87 billion) mark in size this year, a report showed Monday. The market size for sports fashion tripled from 500 billion won in 2009 to 1.5 trillion won in 2016, Lotte Shopping Co. said, citing a report [...]