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Your email address will not be published.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:

China's Meizu Gives Up On Shenzhen And Returns To Zhuhai

Baidu Ventures Closes First Investment Project With 8i

Didi Chuxing Announces 2017 Strategies, New Organizational Structure

Baidu's Latest Acquisition Strengthens Its Smart Home Services


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:

Tiantian Express Sells To Rival In China

Coca-Cola To Sell Chinese Bottling Business

Qualcomm Sets Up Semiconductor Test Factory In Shanghai

Best Logistics Closes Good Investment For International Expansion