The Korea Fair Trade Commission (KFTC) announced on the 15th that it had imposed a corrective order and a penalty of 569 million Korean won on Lotte Shopping for unfair practices against suppliers.

Most retailers build new warehouses to strengthen their e-commerce businesses. Lotte Shopping is trying something different. It is leveraging its existing stores and utilizing technology so that they ...

Lotte Shopping is withdrawing its department store business from China, closing its only Lotte Department Store left in the country after failing to recover from the Terminal High Altitude Area ...

On September 15, Lotte Shopping announced that it held the '2025 CEO IR DAY' at Signiel Seoul in Jamsil, Seoul, where it presented its 'Transformation 2.0' acceleration strategy for the continued ...

SINGAPORE, Sept. 18, 2025 /PRNewswire/ -- South Korea's leading retailer, Lotte Shopping Co. Ltd., hosted its 2025 CEO IR Day at The Westin Singapore on September 17 for the third consecutive year, ...

Lotte Shopping, an affiliate of South Korean retail giant Lotte Group, said Friday it is targeting to achieve 20 trillion won ($14.8 billion) in sales in 2030 through the government's Corporate ...

Lotte Shopping Vice Chairman Kang Hee-tae's countermeasures to deal with the rapidly changing retail market amid falling sales, including store closures and voluntary retirement packages, are taking ...

Lotte Shopping said Friday it plans to undergo major restructuring, including shutting down money-losing stores and sluggish businesses, while taking measures to strengthen its e-commerce platform.

Despite aggressive promotions, Lotte Shopping's online shopping platform "Zetta" for Lotte Mart, launched in April, is struggling to expand its market share. The company threw down a gauntlet by ...

South Korea's Lotte Shopping said on Thursday that it has agreed to sell 21 Lotte Mart hypermarket and supermarket stores in China to Wumart Stores Inc for around 248.5 billion won ($230.2 million).

Lotte Shopping Co. said Friday it swung to a net profit in the third quarter on robust performance in its non-department store business amid the new coronavirus outbreak. Net income reached 3 billion ...