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 [...]
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 [...]
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 [...]
SEOUL, July 21 (Korea Bizwire) – Korean retail giant Lotte Department Store revealed Thursday that it will implement a new 3D foot-measuring device at its stores starting Friday, to provide quick and accurate measurements for custom shoe orders. By placing his or her foot on the device, a customer will able to obtain not only [...]
SEOUL, May 24 (Korea Bizwire) – If you’re a motorcycle fanatic, you might want to visit the latest BMW café in Korea. Lotte Department Store’s Premium Outlet in Icheon will open a café where visitors can enjoy the BMW motorcycles on display as well as other accessories such as clothing and helmets. The café is [...]
SEOUL, Jan.6 (Korea Bizwire) – Lotte Department store has started a service in which cosmetics products are delivered to a customer’s home on a regular basis. Store officials announced that Belief, a cosmetics brand from LG Household & Health Care, had started a subscription service. By subscribing to a cosmetics brand, customers can have cosmetics [...]
SEOUL, July 27 (Korea Bizwire) – A grand “bargain sale” prepared by major department stores has finally opened the tightly closed purses of Korean customers. According to Lotte Department Store, which held a bargain sale event called “Lotte Black Super Show” at KINTEX in Ilsan, northern Seoul, from July 23 to 26, it recorded a total [...]
SEOUL, July 15 (Korea Bizwire) – To attract young customers in their 20s and 30s, Korean department stores are holding various promotional events, such as a mega concert with K-pop stars and mobile coupons for VIPs visiting the stores. The department stores are feeling a sense of crisis that if they neglect buyers under 40, [...]
SEOUL, July 8 (Korea Bizwire) – Street brand clothes at department stores are growing rapidly, powered by the popularity of SPA fashion, surpassing the growth rates of other brands. According to Lotte Department Store on July 7, sales of street brands like “Style Nanda,” “Naning9,” “Naingirl” and “Wonderplace” have grown more than 27 percent annually [...]
SEOUL, May 25 (Korea Bizwire) — After a successful exhibition of the yellow rubber duck in Korea, 1600 paper-mache pandas have finally arrived in Korea, and will be exhibited around the nation until July. On May 25, Buddha’s Birthday, the pandas was installed at Gangnam Station’s M Stage. The 1600 bears have been traveling around the [...]