EXCLUSIVEBRANDSOURCING RETAILER/WHOLESALER ...

Tel: 86 2-711-2500
Fax: N/A
www.lotteshopping.com
Total 2010 Consolidated Sales: $17.6 Billion ( KRW 20.3 Trillion) +26.9%; Total Lotte
Department Store Sales: $5.7 Billion ( KRW 6,616.9 Billion) +12.1%; Total Lotte Mart Sales:
$4.6 Billion (KRW 5,301.9 Billion) +22.5%; Total Lotte Discount Store Sales in Exclusive
Brands: 12.2%; Total Lotte Supermarket Store Sales in Exclusive Brands: 12% (E)
Percentage of Total Sales in Exclusive Brands: N/A
Principal Business: The first Lotte department store opened in Seoul City in 1979. The company
opened its first Lotte Mart discount store in 1998 and its first Lotte Supermarket in 2001. Today,
its core business is department stores (27 full-line Lotte banner outlets, 3 young plaza stores and 2
outlet mall stores-- plus 2 full-line outlets in Moscow and Beijing, 180 Lotte Mart discount stores
(half of them domestic), and 277 Lotte supermarkets, all in South Korea. Besides the two foreign
department outlets, the company has 90 foreign Lotte discount stores: 2 in Vietnam and 22 in
Indonesia and the balance in China. As a conglomerate, Lotte Group, also owns the Seven-Eleven
convenience store franchise in South Korea. Its other businesses include 54 Lotte cinemas,
licensed Krispy Kreme donut shops, The Lotte Confectionery Co., 7 hotels, beverage
manufacturing facilities (five plants), shopping malls & outlets, tourism, heavy chemicals,
construction, machines, and global fashions.
EB Identities: Lotte, Lotte Super, Wiselect (discount general products line), Owlomokga and
Fournier (both fresh food lines), Jiri Mt (tender Korean beef), etc.
EB skus: N/A
Profile: Launched in 1979, Lotte today is South Korea’s number one retailer, commanding a
43.4% market share in the domestic department store sector. Its expansion in 2010 includes the
takeover of three department stores plus 14 discount stores from GS Retail Co., Ltd., as well as
1,400 outlet convenience store chain in South Korea from private equity fund, Unitas Capital.
Lotte’s net income for 2010 shot upward by 36.3% to KRW 1,043.8 million. The company food
manufacturing business was sold in 2009. In October 2011, Lotte opened its first Glymboree
store--the first of its kind in Asia. Gymboree Corp., San Francisco, is a $1 billion+ specialty
retailer, operating more than 1,000 private label apparel stores in the US, Canada, and Puerto Rico.
Lotte operates as a franchisee of this concept, which specializes in infant and children’s apparel.
Procurement Contacts: N/A
LOWE’S COMPANIES, INC.