Lotte Mart to close largest Hanoi outlet

VOV.VN - Korean supermarket chain Lotte Mart has announced the closure of one of their three outlets in Hanoi, starting on July 1, as part of an ongoing shift in their development strategy in Vietnam.

The Korean retail giant will shut its largest facility in the capital located on 229 Tay Son street in Dong Da district, reported Dau tu (Vietnam Investment Review).

Despite the closure, there are still two remaining Lotte Mart outlets in the districts of Ba Dinh and Cau Giay.

Lotte has recently opened a new outlet in Nha Trang City of Khanh Hoa province, central Vietnam. It has also initiated plans to open a new megamarket in Vinh city of central Nghe An province.

Following the latest closure, Lotte Mart will have outlets in 14 locations nationwide.

Vietnam could be Lotte Mart’s next target for withdrawal after China?

Lotte Shopping Holdings Hong Kong Co. has just sold most of its outlets in China to local companies for over $505 million. Will Vietnam be the next target to cut ends for this group after ten years of consecutive losses?

Vietnam could be Lotte Mart’s next target for withdrawal after China?

Lotte Mart opens store in Nha Trang

Republic of Korea (RoK) retailer Lotte Mart has recently opened a shopping mall in Nha Trang city, the central coastal province of Khanh Hoa, its 13th in Vietnam.

Lotte Mart opens store in Nha Trang

Republic of Korea (RoK) retailer Lotte Mart has recently opened a shopping mall in Nha Trang city, the central coastal province of Khanh Hoa, its 13th in Vietnam.