100 Billion KRW Worth of Luxury Stock Released on Lotte ON

[Asia Economy Reporter Seungjin Lee] Lotte ON and Lotte Duty Free are set to actively sell luxury brand inventory.

Starting at 10 a.m. on the 23rd, Lotte ON will sell inventory from over 50 overseas luxury brands from Lotte Duty Free. Under the theme "Mind Quarantine Luxury Sale," this event offers duty-free products at prices up to 60% cheaper than market prices.

Recently, due to the difficulty of overseas travel caused by the novel coronavirus disease (COVID-19), more people have been purchasing luxury goods through overseas direct purchase websites. In such cases, it is difficult to verify authenticity, and customers must handle customs clearance procedures themselves, which is inconvenient.

However, the luxury inventory sold on Lotte ON this time consists of genuine products directly imported by Lotte Duty Free, and Lotte Duty Free manages the customs clearance process before delivery, providing reliability and convenience for customers.

Considering the recent strong interest in luxury inventory sales, Lotte ON and Lotte Duty Free plan to sequentially sell approximately 10 billion KRW worth of products on Lotte ON.

Additionally, Lotte Duty Free will donate 0.5% of the sales amount from Lotte ON to medical staff working to overcome the COVID-19 crisis.

Meanwhile, Lotte Department Store will sell luxury goods prepared for the Korea Together Sale at eight offline stores, including department stores and outlets, starting from the 26th, marking its first offline sale.