LOTTE SHOPPING CLOSING DOWN 200 SHOPS IN THE NEXT 3 YEARS

Highlights –

• Lotte Shopping, country’s fifth largest conglomerate
• Dropping business in sales
• Massive competition from e-commerce rivals, COVID-19 outbreak

The retail giant of South Korea, Lotte Shopping which operates several department stores are running on a loss. The stores in total have lost almost $1 Billion in the final quarter of 2019 and may even fac....