Lotte Mart

Lotte Mart
Company typePublic
IndustryRetail
Founded1998; 26 years ago (1998)
FounderShin Kyuk-Ho
Number of locations
199 (August 2011)
Area served
Worldwide
ProductsFresh foods, Processed foods, Daily goods, Electric home appliance, clothing and miscellaneous
A Lotte Mart in Yuseong District, Daejeon, South Korea

Lotte Mart is a South Korean hypermarket that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in South Korea.[citation needed] Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and Japan.[1] Lotte Mart, part of the Korean conglomerate "Lotte", opened its first branch at Guui-dong, GangByeon, Seoul, Korea on April 1, 1998.[2] 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).[3] The brands that Lotte created and sell include Herbon, Wiselect, Withone, Basicicon, Tasse Tasse, and Gerard Darel.

  1. ^ Lotte (conglomerate)
  2. ^ "LOTTE". Retrieved 1 July 2015.
  3. ^ "mk 뉴스 Lotte Mart to Relocate to China Once Overseas Sales Surpass Domestic Performance". News.mk.co.kr. Retrieved 2013-03-21.