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Lotte Mall Hanoi Hits 1 Trillion Won in 3 Years, a First for Korean Retailers

Lotte Shopping's Lotte Mall West Lake Hanoi in Vietnam has surpassed 1 trillion won ($720 million) in cumulative sales three years after opening, the first overseas store of a Korean department store to do so, Yonhap reports. The mall, which opened in September 2023, reached 100 billion won in January 2024, exceeded 600 billion won last year, and grew at an average of 20% per quarter before crossing the 1 trillion won mark last month, according to Lotte Department Store. Cumulative visitors have exceeded 41 million, with an average of over 50,000 per day, Dong-a Ilbo reports. Lotte Department Store said, "This is the first time a Korean department store's overseas store has achieved cumulative sales of 1 trillion won."

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