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 significant milestone by surpassing 1 trillion won ($720 million) in cumulative sales, marking a historic moment for an overseas shopping complex managed by the Korean retail giant only three years after its opening. This remarkable feat highlights the strategic expansion efforts of Lotte Shopping, which has customized tenant selections and entertainment options to suit local consumer preferences.
The Hanoi location reached the 100 billion won sales mark just 122 days post its January 2024 inauguration, crossed 600 billion won last year, and maintained an average quarterly growth rate of 20 percent prior to breaking the 1 trillion won threshold last month. The complex has also attracted over 41 million visitors, with an average of more than 50,000 daily visitors, solidifying its status as a prominent shopping and leisure destination in Hanoi.
Situated in Tay Ho District, a high-income neighborhood within the city, the mall offers a diverse array of retail, cultural, and entertainment experiences spanning a vast retail and leisure complex. At its initial launch, 52 of the mall's approximately 230 stores were debut brands for Hanoi, contributing to its diverse offerings.
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.
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