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Lotte Department Store () is a Korean retail company established in 1979, and headquartered in Sogong-dong, Jung-gu, Seoul, South Korea. Lotte Department Store offers retail consumer goods and services and is one out of 8 business units of Lotte Shopping. Other Lotte retail companies include discount store Lotte Mart and supermarket Lotte Super. Lotte Department Store said October 24, 2024 it will invest 7 trillion won (US$5.06 billion) in shopping malls by 2030 as it seeks to diversify its business portfolios. See also * Chôsen Industrial Bank References External links *Lotte Department Store English Homepage Department Store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ... Department stores of South Korea Retail companies established in 1979 Food halls South Korea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotte (conglomerate)
Lotte Corporation is a South Korean Multinational corporation, multinational Conglomerate (company), conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte was founded on 28 June 1948 by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on 3 April 1967. Lotte Corporation consists of over 90 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment. Lotte runs additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, Cambodia, Uzbekistan, India, the United States, the United Kingdom, Kazakhstan, Russia, the Philippines, Myanmar, Pakistan, Poland (Lotte bought Poland's largest candy company E. Wedel, Wedel from Kraft Foods in June 2010), Australia and New Ze ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Halls
A food hall is a large standalone location or department store section where food and drinks are sold. Overview Unlike food courts made up of fast food chains, food halls typically mix local artisan restaurants, butcher shops and other food-oriented boutiques under one roof. Food halls can also be unconnected to department stores and operate independently, often in a separate building, or repurposing a building formerly used for something else. The number of food halls in the United States grew by 37% in 2016 and has spread across the country. Advocates state that it provides a third place for gathering, can function as a business incubator, and are part of a trend towards more experiential retail experiences tailored to a given community, in contrast to traditional food courts with national chains which are deemed inauthentic. The term "food hall" in the British sense is increasingly used in the United States. In some Asia-Pacific countries, "food hall" is equivalent to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1979
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Stores Of South Korea
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government **Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I *Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government *Police department, a body empowered by the state to enforce the law * Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Bollywoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotte Corporation Subsidiaries
Lotte may refer to: Businesses * Lotte Corporation, a South Korean industrial conglomerate ** Lotte Capital, a South Korean financial company ** Lotte Card, a South Korean credit card provider ** Lotte Chilsung, a South Korean manufacturer of food products ** Lotte Cinema, a chain of movie theatres in South Korea ** Lotte Confectionery, a South Korean confectionery ** Lotte Department Store, a South Korean department store ** Lotte Liquor, a South Korean distiller ** Lotte World, a recreation complex in Seoul, South Korea * Lotte Holdings, a Japanese holding company * Lotte Tour Development, a South Korean tourism company Entertainment * ''Lotte'' (film), a 1928 German silent film directed by Carl Froelich * ''Lotte in Weimar'', a 1975 East German drama film directed by Egon Günther * ''Lotte'' (TV series), a Dutch TV series based on the Colombian telenovela ''Betty, la fea'' * Lotte, the title character of a series of Estonian animated TV programs and films, including: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supermarket
A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. Strictly speaking, a supermarket is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or Big-box store, big-box market. In everyday American English usage, however, "grocery store" is often casually used as a synonym for "supermarket". The supermarket retail format first appeared around 1930 in the United States as the culmination of almost two decades of retail innovations, and began to spread to other countries after extensive worldwide publicity in 1956. The supermarket typically has places for fresh meat, fresh produce, Dairy product, dairy, Delicatessen, deli items, baked goods, and similar foodstuffs. Shelf space is also reserved for canned and packaged goods and for various non-food items such as kitchenwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotte Mart
Lotte Mart is a South Korean hypermarket that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in South Korea. Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and Japan. Lotte Mart, part of the Korean conglomerate "Lotte", opened its first branch at Guui-dong, GangByeon, Seoul, Korea on April 1, 1998. In 2006, Lotte Mart opened its first overseas branch. As of August 8, 2011, Lotte Mart had 199 branches (92 branches in Korea, 82 branches in China, 23 branches in Indonesia, and 13 branches in Vietnam). Store brands include Herbon, Wiselect, Withone, Basicicon, Tasse Tasse, and Gerard Darel. Operating divisions International locations China In December 2007, Lotte Mart bought out Makro, an established supermarket chain from the Netherlands. By purchasing Makro, Lotte Mart was able to gain access to the Chinese market. This was the first time a Korean retailer had entered the Chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Store
Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress for Less, Marshalls, TJ Maxx, and Burlington. Category killers So-called category killer stores, specialize i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jung District, Seoul
Jung District () is one of the 25 List of districts of Seoul, districts of Seoul, South Korea. It has a population of 131,452 (2013) and has a geographic area , making it both the least-populous and the smallest district of Seoul, and is divided into 15 ''Dong (administrative division), dong'' (administrative neighborhoods). Jung is located at the centre of Seoul on the northern side of the Han River (Korea), Han River, bordering the city districts of Jongno District, Jongno to the north, Seodaemun District, Seodaemun to the northwest, Mapo District, Mapo to the west, Yongsan District, Yongsan to the south, Seongdong District, Seongdong to the southeast, and Dongdaemun District, Dongdaemun to the northeast. Jung is the historical city center of Seoul with a variety of old and new, including modern facilities such as high rise office buildings, department stores and shopping malls clustered together, and also a center of tradition where historic sites such as Deoksugung and Namdaem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shin Kyuk-Ho
Shin Kyuk-ho (; 3 November 192119 January 2020), known in Japan as , was a Zainichi Korean businessman known for being the founder of the South Korean-Japanese conglomerate Lotte Corporation (Group), now one of the largest chaebols in South Korea. During the bubble economy of Japan from the 1980s to the 1990s, he became the fourth wealthiest person in the world according to American business magazine Forbes in 1988, setting the record for the greatest wealth ever achieved by a Korean. Driven by a lifelong desire to contribute to his homeland, South Korea (Republic of Korea), his dream of the Lotte World Tower, the sixth tallest building in the world and the highest in the Korean peninsula, was realized in 2016, and he died in 2020. Career Shin was born in Ulsan, Korea, Empire of Japan in 1921. He was the first of five sons and five daughters. Among his siblings was Shin Choon-ho, founder of South Korean food conglomerate Nongshim. In 1941, he stowed away on a ship to Japan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
