Lotte Mart
Lotte Mart is a South Korean hypermarket that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in South Korea. Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and Japan. Lotte Mart, part of the Korean conglomerate "Lotte", opened its first branch at Guui-dong, GangByeon, Seoul, Korea on April 1, 1998. In 2006, Lotte Mart opened its first overseas branch. As of August 8, 2011, Lotte Mart had 199 branches. Store brands include Herbon, Wiselect, Withone, Basicicon, Tasse Tasse, and Gerard Darel.
Operating divisions
International locations
China
In December 2007, Lotte Mart bought out Makro, an established supermarket chain from the Netherlands. By purchasing Makro, Lotte Mart was able to gain access to the Chinese market. This was the first time a Korean retailer had entered the Chinese market. There are now 82 branches of Lotte Mart in China.In April 2018, Lotte Mart confirmed to exit Beijing operations by selling its 21 Beijing stores to Chinese supermarket operator Wumei Holdings Inc.
Lotte Mart exited the Chinese market in 2022 to focus on its business in Southeast Asia.