Lotte Mart faces sizeable payment for rent in arrears

Lotte Mart faces sizeable payment for rent in arrears

South Korea’s Lotte Vietnam Shopping is facing a payment of VND187.3 billion ($8.3 million) in arrears for rent at its Lott Mart location in the southern province of Ba Ria-Vung Tau.
Full colour of e-commerce competitiveness

Full colour of e-commerce competitiveness

E-commerce retailers have found a spectacular way to turn Lazada's birthday promotions against it.
South Korea's Lotte to sell some China stores after missile row

South Korea's Lotte to sell some China stores after missile row

South Korea's retail giant Lotte Shopping will sell some of its Chinese stores to a local chain after suffering huge losses due to a diplomatic row with Beijing over a US missile defence system, it said on Thursday (Apr 26).
Lotte considers opening more stores in Vietnam

Lotte considers opening more stores in Vietnam

Korean retail giant Lotte is considering whether to open more stores in major Vietnamese cities, including the capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City.
Changing customer habits bring online retail to fore

Changing customer habits bring online retail to fore

As global brands are scaling up efforts to promote online sales and avail themselves of traditional retail outlets, to garner similar benefits, trade centres need to be flexible to keep up with customers’ fast changing appetite.
Parkson’s demise and the rise of competitors

Parkson’s demise and the rise of competitors

Parkson’s demise in Vietnam shows the changing landscape in shopping behaviour and the rise of shopping malls. 
Vietnam’s foreign retail giants see different tales

Vietnam’s foreign retail giants see different tales

While foreign retail giants are considering expansions, Malaysian retail group Parkson has seen dropping sales before finally shutting down.
Lotte Mart develops shopping center in Binh Thuan

Lotte Mart develops shopping center in Binh Thuan

Lotte Mart, an arm of South Korea’s leading retailer Lotte Group, is developing a large-scale commercial center in the south-central coast province of Binh Thuan, sources close to the project said.
Lotte Mart turns 100 pct foreign owned, raises capital

Lotte Mart turns 100 pct foreign owned, raises capital

Lotte Mart, an affiliate of South Korea’s leading retailer Lotte Group, has got approval to become a 100% foreign-owned enterprise and increase its charter capital to expand business in the country, said the HCMC Department of Planning and Investment on Monday.
Lotte Hanoi reaches for the sky

Lotte Hanoi reaches for the sky

The Lotte Hanoi Centre is one of the few projects which is on right track amid the property market gloom.
Lotte Centre reaches for the sky

Lotte Centre reaches for the sky

Lotte Coralis, developer of the 65 storey Lotte Centre Hanoi building, last week completed its 19th storey and pledged to put the building into operation by 2014.
Lotte’s $250,000 for Hanoi Korea International School

Lotte’s $250,000 for Hanoi Korea International School 1

Lotte has given $250,000 for Cau Giay district’s Hanoi Korea International School.
Lotte makes up ground on new complex

Lotte makes up ground on new complex

Korea’s leading retailer Lotte Group last week said that development of its first ever shopping centre in Hanoi was right on track.
Lotte Group lifts curtain on $2bn development

Lotte Group lifts curtain on $2bn development

Lotte Group, the fifth largest company in South Korea, is seeking approval to develop two large property projects in Ho Chi Minh City said to be even larger than Seoul’s Lotte World recreation complex.
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