Lotte Shopping Co Ltd - Company Profile
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Lotte Shopping Co Ltd (Lotte Shopping) is a multi-format retailer. The company manages its business activities through various department stores, discount stores, franchise stores, hypermarkets, supermarkets, and movie theaters. It merchandises fresh meat, seafood, fruits, vegetables, dry fruits, processed foods, meal innovation, home and living, fashion and toys, household goods, and premium electronic products. The company also offers various services, including smart shopping services, online to offline services and smart pick services to its customers. Lotte Shopping, through subsidiaries, operates retail distribution, investment, and movie theatres services. It operates stores across South Korea, Russia, China, Indonesia, and Vietnam. Lotte Shopping is headquartered in Jung-Gu, Seoul, South Korea.
Headquarters
South Korea
Address
81, Namdaemun-Ro, Jung-Gu, Seoul, 04533
Website
www.lotteshoppingir.com
Telephone
82 2 7712500
No of Employees
26,030
Industry
Retailing
Ticker Symbol & Exchange
023530 (KRX)
Revenue (2022)
$12.0B
-0.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-11%
(2022 vs 2021)
Market Cap*
$1.3B
Net Profit Margin (2022)
XYZ
-11.7%
(2022 vs 2021)
* As of and is in US$
Lotte Shopping Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Food Products | Rental Services |
| Toys | Smart Pick Services |
| Accessories | Drive and Pick Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, Lotte Department Store entered into a partnership with Bacha Coffee under which Lotte Department Store will secure the exclusive franchise and distribution rights for Bacha Coffee. |
| 2023 | Plans/Strategy | In July, the company announced its plans to open Lotte Mall Westlake Hanoi in Vietnam. |
| 2022 | Contracts/Agreements | In November, the company and Ocado Solutions partnered to develop Lotte's online business in South Korea with the Ocado Smart platform. |
Competitor Comparison
| Key Parameters | Lotte Shopping Co Ltd | Shinsegae Inc | Shanghai Bailian Group Co Ltd | Hyundai Department Store Co Ltd | Daegu Department Store Co., Ltd |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | China | South Korea | South Korea |
| City | Seoul | Seoul | Shanghai | Seoul | Daegu |
| State/Province | Seoul | - | Shanghai | Seoul | - |
| No. of Employees | 26,030 | 3,439 | 24,620 | 2,412 | 453 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| SungHyun Kang | Chief Executive Officer; Director | Executive Board | 2021 | - |
| Samuel Sanghyun Kim | Co- Chief Executive Officer; Director | Executive Board | 2022 | - |
| Junho Jung | Director; Co- Chief Executive Officer | Executive Board | 2022 | - |
| Hojoo Chang | Director | Non Executive Board | 2022 | - |
| Sangchul Cho | Director | Non Executive Board | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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