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Your email address will not be published.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:

Tencent OS Ceases Services This Week

China's Cashless Alliance Gains New ATM Member

Chinese Government Demands Weibo Cease Streaming Video Services

Kuka, Midea To Develop Personal Assistant Robot After Merger


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:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco