Lotte Shopping news

Amid a slowing economy and declining consumer confidence, the Indonesia Retailer Association is already forecasting a slowdown in sales growth during the current Ramadan period. Consumer confidence slowed again in June Indonesia recorded its slowest economic growth in five years at 4.7% in Q1 of this year. In line with this consumer confidence declined over the same period, before risin...

Dairy Farm and Lotte Group are both understood to be looking at expanding their operations in Indonesia. PT Hero to open 10 new large format stores Dairy Farm subsidiary, PT Hero Supermarket Tbk, which operates hypermarkets, supermarkets, convenience and drugstores, plans to invest up to IDR 640bn (US$48m) as it expands its network in several regions, including Bangka and Lombok. Pl...

Alibaba's B2C e-commerce site Tmall is cooperating with international retailers to bring imported goods to Chinese consumers, who are increasingly demanding a wider range of high quality and safe products. It enables the international retailers to tap into the booming Chinese market with limited investment. Tmall's International section was launched in October 2014, and by the end of the year,...

In Korea, Lotte Super plans to introduce drive-through online shopping collection, reports Korea Bizwire. Investment in online: a key growth channel The multichannel retailer will introduce the service in its Garak branch. If successful, drive-through collection may be rolled out to five or six stores. Online is a key growth channel in the Korean grocery market, with hot competit...

South Korea's Lotte Mart plans an ambitious expansion of its private label share, Korea JoongAng Daily reports. Doubling share of private label products Private label products already form a prominent part of hypermarket operator Lotte Mart's offer. However, local press sources report the retailer's ambitious expansion plans, to double private label share from 20% to 40% over the coming tw...

South Korean conglomerate Lotte Group appoints new CEO for Lotte Mart grocery retail division, amid a number of senior management changes, The Korea Joongang Daily reports. Senior management shake-up Lotte Mart's current CEO Noh Byung-yong will now head up Lotte Corporation, the mall construction branch of the company. Challenges of the role will include tackling the safety issues which ...

We round up the latest news as Emart pulls back in China, Lotte launches a new fresh grocery ecommerce site and 7-Eleven delivers a new level of convenience to shoppers. New "Lotte Fresh" site to boost retailer's online credentials This week Lotte has unveiled a new online supermarket platform, "Lotte Fresh". The site is linked to the retailer's supermarket banner, Lotte Super. Orders ...

Robots, beacons and advances in online delivery feature in this round up of the latest digital developments from Japan and Korea. Lotte Mart trials beacons Lotte Mart has launched a beacon technology trial in the Jamsil store in south Seoul, with plans for further roll-out, reports the Korea Joonang Daily. "Through the new service, we want to satisfy different types of consumers, especially...

Emart and Lotte prepare their businesses for the growth of online shopping. Emart upscales online fulfilment centres The retailer has recently opened its Bojeong Logistics Centre, south of Seoul. Dedicated to fulfilling online orders for 15 Emart stores. The four storey centre covers 14,600 square metres and is fully automated. As many as 1,20 orders can be fulfilled in an hour, Korea Biz...

The world's fourth most populated country has a rapidly growing middle class and a grocery industry that is growing in global importance. In this article we round up some of this weeks big news stories... Domestic convenience operators boosting presence Amid the backdrop of growing competition from foreign retailers, domestic convenience chains Indomaret and Alfamart are looking to increase...