Lotte Shopping Co., Ltd.
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Lotte Shopping is a major South Korean distributor with various sales channels, from department stores to large discount stores to home electronics retailers. It boasts the largest sales among South Korea's distribution-related listed companies.
The company is accelerating its overseas expansion, including in China, as stiff regulations at home make high domestic growth unlikely.
Most of the company's sales come from Lotte Department Store, Lotte Mart large discount stores and Lotte Hi-mart home appliance stores.
Lotte Shopping is the operator of 7-Eleven convenience stores in South Korea, and it also runs Lotte Super, a chain of small and medium-sized supermarkets, Lotte Cinema and a home shopping service. It offers financial services, as well.
Lotte Duty Free, the biggest duty-free shop in South Korea, is run by Lotte Shopping group company Hotel Lotte.
Given South Korea's aging population and declining birthrate, Lotte Shopping can expect little growth in its home market, especially as large discount stores and convenience stores are subject to strict regulations aimed at protecting smaller shops.
The company is focusing on developing new businesses, such as outlet malls. Its department store business has stalled as the result of changing spending habits among the aging society.
The major players in Lotte Shopping's overseas expansion are department stores and large discount stores. It is particularly expanding the latter in China, Indonesia and Vietnam.
While the company's overseas expansions are still in the upfront-investment phase, it plans to turn these operations into a growth pillar.
|Income before tax||-1,243.76B||-1,066.52M|
|Dividends Per Share||3,800||3.25|
|Operating cash flow||1,217.18B||1,043.73M|
|Currency in KRW||Currency in USD|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||-79,763.67M||319,533.38M||254,026.74M||-93,861.62M||-1,243.76B|
|Dividends Per Share||2,239.58||2,239.58||5,200||5,200||3,800|
|Operating cash flow||488,614.10M||1,330.64B||1,408.77B||61,672.33M||1,217.18B|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||-70.47M||275.41M||224.70M||-85.28M||-1,066.52M|
|Dividends Per Share||1.97||1.93||4.59||4.72||3.25|
|Operating cash flow||431.71M||1,146.92M||1,246.14M||56.03M||1,043.73M|
- Co-Chief Executive Officer & Director: Won-Jun Lee
- Co-President, Co-CEO & Director: Hee-Tae Gang
- Head-Compliance Support: Seol-Ah Lee
- Managing Director: Jong-Hwan Kim
- Head-Investor Relations: Jihwan Seol
- Lotte Corp. (40%)
- SHIN DONG-BIN (10.2%)
- HOTEL LOTTE Co., Ltd. (8.8%)
- National Pension Service of Korea (5.0%)
- The Vanguard Group, Inc. (1.2%)
- BlackRock Fund Advisors (1.0%)
- SHIN YOUNG-JA (1.0%)
- Hotel Lote Busan Co., Ltd. (0.7%)
- Dimensional Fund Advisors LP (0.7%)
- SHIN DONG-JU (0.7%)
- Address: 81 Namdaemun-ro, Jung-gu, Seoul, 04533, South Korea
- Phone: +82.2.771.2500
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Copyright © 2020 FactSet Research Systems Inc. All rights reserved.Last Updated on 30 Oct, 2020
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