Lotte Shopping Company is planning to open 300 hypermarkets in China within the next ten years.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to a Reuters report, Korea’s largest department store operator has said that it intends to compete with the likes of Wal-Mart and Carrefour for a share of the lucrative Chinese market.


Lotte recently entered China through the CNY1.3bn (US$188m) acquisition of Beijing-based cash and carry CTA Marko.


The company intends to open its first Lotte Mart hypermarket in the Chinese capital next week.


Along with new store openings, the group also plans to rebrand seven Makro outlets, located in Beijing and neighbouring Tianjin.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company also indicated that it is on the look-out for further acquisitions to fuel growth.