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Jakarta Post
The Jakarta Post
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Lotte plans to open five department stores

  • The Jakarta Post

Jakarta | Wed, July 13 2011 | 07:00 am

PREMIUM South Korea’s leading retailer, Lotte Department Store, will open four new department stores outside Jakarta within the next few years to take advantage of the country’s growing economy, a senior company executive said.

If the plan is realized, the company will have five stores in Indonesia by 2018.

“With a population of more than 200 million and high economic growth, Indonesi...