turn on
    Mobile finance
    Open APP registered log in

    Home >Commercial channel > text

    Lotte Department Store will withdraw from Tianjin market

    2019-03-11 02:55:11

    Beijing Business DailyWang Xiaoran Wang Yingying

    Beijing Business News (Reporter Wang Xiaoran Wang Yingying) After the Lotte Department Store East Ma Road store closed, the last Lotte Department Store in Tianjin will also be closed. Recently, Lotte Department Store Tianjin Cultural Center Store posted a notice, the announcement shows, “Thank you for your long-term patronage, support and support from Lotte Department Store. We regret to inform you that our store will be closed on March 31, 2019. After the store is closed, the mall still tries its best to provide good service, so please feel free to shop."

    The Beijing Business Daily reporter saw from the official website of Lotte Department Store that there are currently five stores in China. But in fact, on December 31, 2018, Lotte Department Store closed the Dongma Road store. The Cultural Center is the last Lotte Department Store in Tianjin. After closing the store, Lotte will bid farewell to Tianjin. With the closure of the Cultural Center store, Lotte Department Store will have only three stores in China, including Weihai Store, Chengdu Global Center Store and Shenyang Store.

    In fact, some people familiar with the matter have publicly stated that if Lotte Department Store chooses to withdraw from the Chinese mainland market, it will first deal with two stores in Tianjin and stores in Weihai, Shandong Province. “This is mainly due to the fact that the commercial real estates where the three stores are located are leased real estates. The longer the time is dragged, the more losses will be. The department stores in Chengdu and Shenyang are owned by their own real estate. If they are sold, they will affect the commercial real estate. Therefore, Lotte will also have some scruples."

    It is understood that Lotte Department Store entered Tianjin in 2011. Lotte Department Store Dongma Road Store is the first wholly-owned store opened by Lotte Group in China and opened in June 2011. In 2012, Tianjin's second Lotte Department Store Tianjin Cultural Center Store was officially opened. It is the second store operated by Lotte Department Store in China and the fourth store operated exclusively overseas.

    According to public information, Lotte Department Store was founded in Seoul, South Korea in 1979, and then entered the Chinese market in 2008, and entered into a joint venture with Intime Department Store (Group) Co., Ltd. in Beijing.WangfujingBeijing Lotte Intime Department Store was established, and stores have been established in Tianjin, Weihai, Chengdu and Shenyang.

    Hot searchTianjin Culture Closed shop Road shop

    Editor in charge: Fu Jianqing RF13564

                    Must not look

    Wonderful recommendation

    Zhou Liang: Encourage and support the insurance industry to enter the market in general, but consider the structural layout of the industry you are investing in.

    03-11 12:08

    Qi Qingmin: Coordinating the Promotion of the Growth Enterprise Market and the New Third Board Reform

    03-11 14:47

    The "labor shortage" is getting worse! Young people "will take delivery, not to the factory"

    03-11 10:25

    The official media sent a burst of 7 articles focused on the stocks: from the fundamentals

    03-11 08:39

    The top ten fast-moving giants annihilation eve: the world is always young and you will grow old

    03-11 11:24

    Ant Jinfu insider: no preparation for the board

    03-11 13:57

    China Automobile Association: China's passenger car sales in February fell 17.4% year-on-year

    03-11 14:36

    Chinese real estate speculators have disappeared? The 27-year "economic myth" of this country will be dashed

    03-10 08:49

    Is the financial data in February too weak? Second quarter or lower interest rate cuts

    03-10 20:26

    Zhou Liang: It is normal for financial institutions to have births and deaths.

    03-11 12:22

                    Top Comments

            
    comment share it