Business Intelligence on Retailing, Franchising, and Consumerism in China


Lotte's First Chinese Single Ownership Store To Open In Tianjin In 2011

The South Korean department store retailer Lotte has announced its new strategy for the Chinese market, stating that it will accelerate its expansion in China and will open its first Chinese single ownership store in Tianjin in 2011.

The new Lotte department store in Tianjin will be located at Renheng Square, with a store area of 50,000 square meters. So far, representatives of over 120 brands, including Bvlgari, Armani, Coach, and Fendi have expressed their intention to cooperate with the new site of Lotte.

A representative from Lotte also revealed that the company plans to develop more stores in China and has selected several target cities, including Shanghai, Chengdu, Suzhou, Dalian, and Qingdao. By 2018, Lotte will have at least 20 department stores in China.





Be the first to comment on "Lotte's First Chinese Single Ownership Store To Open In Tianjin In 2011"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

Ctrip's Latest China Investment Is Up In The Air

Amazon Lands Key Partner In China

Qihoo 360's Privatization Approved By NDRC

Censorship Is LinkedIn's China Friend As It Boasts User Milestone


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

Smart Cities India 2016 expo to unveil what it takes to build smart cities in India

South East Asia a significant mobile gaming growth opportunity, according to new report

Honeymooners Are Experiencing The Art Of Romance At Mandarin Oriental, Sanya

AccorHotels Raises Awareness in Fighting for Darkness for the Third Year