Large Discount Store Chains See Renovations as Cure for Underperforming Outlets

SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s large discount store chains are shifting strategy from shutting down underperforming outlets towards ramping up their competitiveness through renovations. Lotte Mart, the hypermarket chain operated by retail giant Lotte, is planning to renovate about 20 to 30 outlets this year, according to industry sources. For the renovated [...]