Yonhap Infomax NewsLotte Shopping is expected to show strong Q1 revival with 43.37% operating profit growth driven by department store division's momentum from domestic consumption recovery and surging foreign visitor sales, particularly in Seoul's Myeongdong, Jamsil, and Busan locations where foreign sales jumped 84-115%.
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'Department Store Traffic Surges' - Lotte Shopping Poised for Q1 Revival
Lotte Shopping is expected to show strong Q1 revival with 43.37% operating profit growth driven by department store division's momentum from domestic consumption recovery and surging foreign visitor sales, particularly in Seoul's Myeongdong, Jamsil, and Busan locations where foreign sales jumped 84-115%.