SEOUL, March 9 (Korea Bizwire) — Large retailers in Korea have achieved great success in the operation of their mobile shopping platforms, amidst a recent slump in their offline store operation caused by ordinances restricting operating hours, and the economic slow-down. E-Mart has even started to operate a distribution center for online shopping operations only, while [...]
SEOUL, Feb. 17 (Korea Bizwire) — Grapefruits are the new trendy import among Koreans right now. According to the Korea Customs Service, 19,491 tons of grapefruits were imported to Korea last year, which is an increase of 68.3 percent from 2013. Compared to 2009, the import amount and the import value increased 240.5 percent and 266.5 [...]
SEOUL, Feb. 9 (Korea Bizwire) — Lotte Mart presented Brussels sprouts, often called mini-cabbages or baby cabbages, on February 8 at its Haengdang Station Branch. Brussels sprouts, which are as small as coins, are a cultivar of cabbages. They contain high levels of vitamin C, potassium and iron. They also contain sulforaphane, known for its [...]
SEOUL, Feb. 4 (Korea Bizwire) – Ahead of the Valentine’s Day season, the portion of imported chocolate products has steadily increased over the past three years. According to Lotte Mart, sales of imported chocolate during the Valentine’s season (from Feb. 1 to 14) increased from 39.4 percent in 2012 and 54.5 percent in 2013 to 58.3 [...]
SEOUL, Jan. 22 (Korea Bizwire) – Models at the Seoul Station branch of Lotte Mart are showcasing unique wine bottles — for “small amount” that come in 7 different types. According to the retailer, this “mini” wine bottles do not inevitably necessitate any wine dedicated glass. Wine has found renewed interest among South Korean liquor [...]
SEOUL, Dec. 16 (Korea Bizwire) — Six large retailers including Lotte Mart, E-Mart and Home Plus filed a petition against two Seoul districts, claiming that the ordinances restricting operating hours or mandating the closure of supermarkets every other Sunday were discriminatory. On December 12, Seoul High Court ruled in favor of the plaintiffs, saying that the ordinances [...]
SEOUL, Oct. 31 (Korea Bizwire) – From now on, large retail establishments such as discount outlets and department stores do not have to spend fortunes to replace their moving walks regularly. Lotte Mart said on October 30 that it has applied for a patent for an escalator and moving walkway pallet processed for extra traction for the first [...]
SEOUL, Aug. 29 (Korea Bizwire) — After five years since its groundbreaking, “Lotte Center Hanoi,” the 272-meter-high skyscraper in Hanoi constructed by Lotte Group, is finally ready for grand opening on Vietnam’s National Liberation Day, September 2. According to Lotte Asset Development on August 27, what will be the landmark of Vietnam’s capital city with 14,000 square [...]
SEOUL, Aug. 22 (Korea Bizwire) – In order to escape from the saturated domestic retail market and government’s regulations on large-scale retailers, Lotte Mart opened its first supermarket in Indonesia as a novel approach to expand its overseas sales. Lotte’s first supermarket in Indonesia is located in Kemang, a residential area heavily populated by middle- and [...]
SEOUL, Aug. 3 (Korea Bizwire) — According to a study by Lotte Mart based on five-year sales records on canned beers, the sales of high-priced domestically brewed beers have increased by a large margin. In addition, the study found that both high- and low-priced import beers have sold well at the expense of medium-priced beer brands. For [...]