Lotte Shopping

Lotte Shopping Co., Ltd. (Korean: 롯데쇼핑 주식회사), a distribution unit of Lotte Group, is a multinational retailer headquartered in Seoul, South Korea. Founded in 1979, Lotte Shopping operates various retail stores, including department stores, outlet stores, hypermarkets, drug store chains, and e-commerce.[1][2] It is also engaged in the film industry by holding the majority of its stake in Lotte Cultureworks.[3][4]

Lotte Shopping Co., Ltd.
Native name
롯데쇼핑 주식회사
TypePublic
KRX: 023530
IndustryRetail
Founded1979 (1979)
Headquarters
Seoul
,
South Korea
ParentLotte Corporation
DivisionsLotte Department Store
Lotte Mart
SubsidiariesLotte Cultureworks
Lotte Hi-Mart
Websitewww.lotteshoppingir.com

Businesses

Lotte Shopping's primary business divisions and subsidiaries include:

Business divisions

Subsidiaries

Lotte Shopping operates Korea's largest department store chain and the second-largest hypermarket chain in Korea.[5] Lotte runs a home appliance retailer by acquiring Hi-Mart for 1.25 trillion won in 2012. Hi-Mart was the nation's top consumer electronics retailer, with 314 stores.[6] Lotte Shopping also had the multiplex cinema chain Lotte Cinema under its wing but decided to spin off the cinema business department as a subsidiary, Lotte Cultureworks, in 2018.[7]

Lotte Shopping also runs its retail business in the Southeast Asian market, including Vietnam and Indonesia.[8] Lotte Shopping once operated five department stores and 99 discount stores in the mainland China market. However, after South Korea deployed THAAD in a golf course owned by the Lotte Group, the company withdrew its retail business from China as it failed to recover from a boycott campaign.[9][10][11]

  • Lotte Department Main Store in Seoul
    Lotte Department Main Store in Seoul
  • Lotte Department Store in Hanoi
    Lotte Department Store in Hanoi
  • Lotte Mart in Gwangju
    Lotte Mart in Gwangju
  • Lotte Mart in Jakarta
    Lotte Mart in Jakarta
  • Lotte Hi-Mart in Jecheon
    Lotte Hi-Mart in Jecheon

See also

References
  1. Sa, Eun-young (January 19, 2009). "Lotte Shopping Looks Beyond its 30 Years". Maeil Business Newspaper.
  2. Park, Eun-jee (February 13, 2020). "Lotte Shopping to shut 30% of its stores". Korea JoongAng Daily.
  3. Yang, Kahyun (September 10, 2014). "S.Korean movie theatre chain Megabox on sale". Reuters. Seoul.
  4. Lee, Tae-hee (August 5, 2022). "Lotte Shopping reports 45.5 billion won second quarter net". Korea JoongAng Daily.
  5. "(LEAD) Lotte Shopping swings back to Q2 profit". Yonhap. Seoul. August 5, 2022.
  6. Park, Si-soo (October 29, 2012). "Lotte gets green light to acquire Hi-Mart". The Korea Times.
  7. "Lotte Shopping to hive off cinema business, launch new affiliate in June". Yonhap. Seoul. April 6, 2018.
  8. Kim, Jae-heun (November 15, 2021). "Lotte, Shinsegae fail in Southeast Asia, turn toward US". The Korea Times.
  9. Lee, Tae-hee (August 18, 2022). "Lotte Shopping to withdraw its last department store from China". Korea JoongAng Daily.
  10. "South Korea's Lotte seeks to exit China after investing $9.6 billion, as Thaad fallout ensues". The Straits Times. Seoul. March 13, 2019.
  11. Tan, Huileng (September 19, 2017). "Chinese media warn about 'lessons' for South Korea when it ignores Beijing's 'concerns'". CNBC.
  • Official website
  • Business data for Lotte Shopping:
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