Lotte ON-Lotte Duty Free, 4th Sale of Luxury Goods Inventory Conducted

[Asia Economy Reporter Seungjin Lee] Duty-free luxury goods in stock are being released again on Lotte ON.

Lotte ON and Lotte Duty Free will start the 4th round of the 'Mind Quarantine Luxury Sale' from 10 a.m. on the 14th. This event will run until the 23rd of this month, offering over 1,000 products from 44 duty-free luxury brands at prices up to 70% off.

For this 4th sale, Lotte ON and Lotte Duty Free have prepared about 7 billion KRW worth of inventory, roughly double the amount from the previous round. They will introduce products from 23 new brands and will also sell small home appliances and beauty devices that were not available before.

The performance of the previous three rounds of duty-free luxury stock sales has been good. More than 70% of the prepared inventory has been sold each time, and thanks to this, Lotte ON's luxury sales in July increased by 61.5% compared to the previous year.

The products sold this time will go through customs clearance and will be shipped sequentially starting from the 7th of next month. Lotte ON and Lotte Duty Free plan to complete customs clearance and delivery before Chuseok.

Kim Young-jun, head of the luxury team at Lotte e-commerce, said, "The three previous rounds of duty-free luxury stock sales conducted by Lotte ON and Lotte Duty Free received a good response, so this time we have prepared the largest inventory ever," adding, "We plan to strengthen luxury goods including parallel imports along with duty-free stock luxury goods in the future."

This content was produced with the assistance of AI translation services.