Korean retailers diversify portfolios as domestic demand falters.
Korean convenience stores like 7-Eleven and CU are offering affordable cosmetics and unique products targeting younger consumers,
Lotte Hi-Mart opened Edu Mall, an online shopping mall offering electronic gadgets at a discounted price for university students and faculty.
As the nationwide heat wave continues, demand for air conditioners is rapidly increasing. On Thursday afternoon, shoppers visiting Lotte Hi-Mart’s Seoul Station branch in Jung District, central Seoul, are looking at air conditioners.
Lotte Hi-Mart announced Tuesday it is getting into the golf business as outdoor sports have gained in popularity during the pandemic.
Lotte Shopping lost more than 600 billion won ($535 million) on a net basis last year, although the loss narrowed from a year earlier.
Korea JoongAng Daily Sitemap
