Lotte Shopping news

Following a recent trip to a land of 'unorganised retail', Laura May looks at how the Indian grocery landscape is evolving as international retail players enter the market. A stark contrast to grocery retailing as some may know it, India's millions of market stalls and specialist shops, kiranas and kiosks - collectively known as 'unorganised retail' - account for around 98% of the country's gr...

As private label continues to gain penetration in the South Korean market, retailer Lotte launches a new premium range, Prime L Gold, The Korea JoongAng Daily reports. Driving growth through high quality products Lotte will introduce three products this week - a specialist sliced bread, premium milk and high quality washing powder. With price points well above standard tier private label prod...

With the economic slowdown weighing on the retail industry in China, many retailers are easing up on the pace of store openings in 2014. Chinese chain CR Vanguard (China Resources Enterprise) said it plans to open 8 hypermarkets and 50 convenience stores in eastern China this year. The retailer currently operates 351 stores in the region. Lotte Mart, the largest retailer in South Korea annou...

The retail division of South Korean Lotte Group reports full year results and receives approval for listing in Singapore. One billion dollar deal Lotte Shopping has received approval to list on the Singapore Exchange, a move which would support further expansion in Asia and raise brand awareness. Anticipated to raise as much as USD1bn, this would be the largest overseas listing from a K...

Lotte and Shinsegae are amongst the retailers investing in this key growth channel. Shinsegae integrating grocery and non-food platforms Despite spinning off its grocery operations under the Emart banner in 2011, Shinsegae plans to combine both its department stores and grocery business in a new online platform. The same strategy was implemented by Japanese retailer AEON last year when it...

Vietnam has been hotly tipped as one of Asia’s most attractive growth markets. Its young population, high proportion of working families and open-minded approach to adopting new lifestyle trends and products makes this an attractive market for our industry. We take a look at the opportunities and challenges this presents for manufacturers and retailers. Manufacturers already seizing the op...