Korea Joongang Daily
Korea JoongAng Daily

Lotte shuttering duty-free stores, event spaces as sales decline

Lotte is closing underperforming duty-free stores and event spaces to address financial issues. The company plans to restructure its operations and reduce costs across various subsidiaries as it navigates declining sales.

2024-11-29

Lotte Duty Free refurbishes Tokyo branch after eight years

Lotte Duty Free has refurbished its Ginza branch in Tokyo after eight years, celebrating the reopening of the city’s first downtown duty-free store initially opened in 2016.

2024-10-16

Lotte Duty Free to offer voluntary retirement scheme among other cost-cutting measures

Lotte Duty Free, Korea's leading duty-free retailer by sales, said Tuesday it will offer a voluntary retirement scheme and carry out other cost-cutting measures in the face of worsening profitability.

2024-06-25

Lotte Duty Free wins operational rights for liquor, tobacco sales at Gimpo Airport

The nation's top duty free management company beat rival Silla to secure a seven-year contract with the airport.

2024-03-06

Lotte Duty Free secures 10-year extension for Brisbane Airport store

Lotte Duty Free has won the bid to operate its duty-free shop in Australia for another ten years until 2034.

2023-12-18

Lotte Duty Free shifts focus after surprise Incheon Airport exit

Lotte Duty Free, Korea's largest duty-free operator, is shifting its focus toward downtown and online duty-free shops following its surprising exit from Incheon International Airport back in July.

2023-10-20

Lotte Duty Free cuts ribbon on Melbourne Airport store

Lotte Duty Free began full operations at Melbourne Airport on Thursday.

2023-07-13

Tourists return

A group of tourists from Singapore pose in front of the Lotte Duty Free store in central Seoul on Monday. They were the first group of foreign tourists there in almost two years after overseas travel was limited due to the pandemic.

2021-11-23

Duty Free companies trying to spread their wings

Duty free stores are gearing up for a revival in travel with the easing of Covid-19 restrictions.

2021-11-02

ESG wave continues as fashion and duty free buy in

The latest fad in fashion and retail is environmental, social and governance (ESG)--at least in terms of the ‘E’ and 'S' in ESG.

2021-03-25