Lee Hyo-ri starred in a commercial for the first time in over a decade.
Retailers are drawing up a wide range of strategies to encourage consumption amid a shopping slowdown.
Lotte Shopping logged a significant net loss of 95.1 billion won ($67.1 million) in the third quarter, a major miss of the market expectations for a 56.6 billion won net profit complied by FnGuide.
Most retailers build new warehouses to strengthen their e-commerce businesses.
E-commerce laggard Lotte Shopping is trying to make the best of its situation after the opportunity to buy eBay Korea passed it by.
Cho Young-je, head of the e-commerce business unit at Lotte Shopping, is resigning to take responsibility for the poor performance of the company’s Lotte On e-commerce shopping platform.
eBay Korea is in play, and its sale could shake up the already cutthroat e-commerce market.
Lotte On has started a fashion brand in which the designs are created by a computer.
Korea JoongAng Daily Sitemap
