Lotte Shopping sets overseas record as Hanoi megamall crosses $720 mil. milestone
Lotte Mall West Lake Hanoi has reached 1 trillion won ($720 million) in cumulative sales, setting a milestone for an overseas shopping complex operated by the Korean retail giant just three years after its launch. The achievement underscores the success of parent company, Lotte Shopping, which has aggressively expanded its overseas footprint by tailoring tenant mixes and entertainment offerings…
Lotte Mall West Lake in Hanoi has achieved a remarkable milestone, reaching 1 trillion won ($720 million) in cumulative sales. This accomplishment marks a significant milestone for Lotte Shopping, the Korean retail giant's overseas shopping complex, just three years after its launch. In just 122 days since opening its doors in January 2024, the Hanoi complex had already crossed the 100 billion won sales mark.
By the end of last year, it had reached 600 billion won, maintaining an impressive average quarterly growth rate of 20 percent. As of last month, the cumulative visitor count surpassed 41 million, with an average of over 50,000 daily visitors, solidifying the mall's status as a prominent shopping and leisure destination in Hanoi.
Situated in the affluent Tay Ho District, the sprawling retail and leisure complex houses more than 230 stores, including 52 brands making their Hanoi debut at the mall's opening.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
