Fast-Expanding Lotte Shopping Posts Strong 2009

Leading South Korean retailer Lotte Shopping has announced strong fourth quarter and full-year 2009 financial results. Achieved against a backdrop of a sharp domestic economic slowdown, which negatively impacted consumer confidence and spending, the results are especially notable. Nonetheless, with close rival Shinsegae also achieving solid growth in 2009 and targeting more of the same in 2010, Lotte will need to replicate its performance this calendar year if it is to retain market dominance; the firm's recent acquisitions suggest it is well on course to do just

To read the full article, please sign in or take a free trial.