The Korea Herald

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[Graphic News] Top 3 retailers remain unchallenged

By Won Ho-jung

Published : March 24, 2015 - 19:22

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Lotte Department Store soared past the other big five local department stores in sales reported on Monday, while Galleria Department Store gave up its fourth-place slot to AK Plaza.

Lotte reported sales of 14.2 trillion won ($12.8 billion) last year, followed by Hyundai Department Store with 6.98 trillion won ($6.3 billion) and Shinsegae Department Store with 6.3 trillion won ($5.7 billion).

AK Plaza unseated Galleria Department Store for fourth place with 2.15 trillion won ($1.94 billion) in sales versus Galleria’s 2.05 trillion won ($1.85 billion).

Industry watchers said that while AK Plaza and Galleria have room for competition, Lotte, Hyundai and Shinsegae seem to be locking into their respective rankings.