DataDepartment Store & Outlet Earnings
General Retail
Department Store & Outlet Earnings
Confirmed revenue and operating profit for five department store operators and outlet operators. Covers Q1 and Q2 2026 segment results together with 2025 total store sales; Lotte, Shinsegae, Hyundai, and Galleria are updated through Q2 (Galleria on a consolidated basis). AK Plaza remains undisclosed.
Source — DART/company IR · industry compilations (Lotte, Shinsegae, Hyundai, Galleria, AK)
2026 Q1 Department Store Segment Revenue
Unit: KRW billion · AK Plaza's Q1 segment figures were not disclosed
Lotte Department Store
₩872.3B
Shinsegae Department Store
₩2,025.7B
Hyundai Department Store
₩632.5B
Galleria Department Store
₩126.1B
| Company | Revenue | Operating Profit | Operating Margin | Revenue YoY | Operating Profit YoY |
|---|---|---|---|---|---|
| Lotte Department Store | ₩872.3B | ₩191.2B | 21.9% | +8.2% | +47.1% |
| Shinsegae Department Store | ₩2,025.7B | ₩141B | 7.0% | +13.0% | +30.7% |
| Hyundai Department Store | ₩632.5B | ₩135.8B | 21.5% | +7.4% | +39.7% |
| Galleria Department Store | ₩126.1B | ₩12.3B | 9.8% | -2.4% | +550.8% |
| AK Plaza | N/A | N/A | — | — | — |
Galleria Department Store's operating profit YoY (+550.8%) looks huge only because the prior-year base was low — don't read it as a typical growth rate.
2026 Q2 Department Store Segment Revenue
Unit: KRW billion · Lotte, Shinsegae, Hyundai, and Galleria have disclosed · Galleria is on a consolidated basis (not department-store-segment-only) · AK Plaza's Q2 segment figures remain undisclosed
Lotte Department Store
₩891.2B
Shinsegae Department Store
₩2,017B
Hyundai Department Store
₩643.8B
Galleria Department Store
₩150.9B
| Company | Revenue | Operating Profit | Operating Margin | Revenue YoY | Operating Profit YoY |
|---|---|---|---|---|---|
| Lotte Department Store | ₩891.2B | ₩119.7B | 13.4% | +9.2% | +84.1% |
| Shinsegae Department Store | ₩2,017B | ₩108.8B | 5.4% | +15.5% | +53.5% |
| Hyundai Department Store | ₩643.8B | ₩110.1B | 17.1% | +9.1% | +58.6% |
| Galleria Department Store | ₩150.9B | ₩15.1B | 10.0% | +18.9% | — |
| AK Plaza | N/A | N/A | — | — | — |
- Lotte Department Store — Domestic: revenue KRW 855.6B (+8.8%), operating profit KRW 112.3B (+77.6%); Overseas: revenue KRW 35.6B (+20.6%), operating profit KRW 7.4B (+309.7%, strong Vietnam sales) — combined domestic+overseas figures
- Shinsegae Department Store — Facility investment and content upgrades at flagship stores (Main Store, Gangnam) drove revenue and profitability · Luxury +35%, fashion +10.1%, living +16.6%, food +13.7% · H1 foreign-customer revenue KRW 580.0B (+120%)
- Hyundai Department Store — Highest quarterly revenue on record · H1 cumulative revenue KRW 1,276.4B (+8.3%), operating profit KRW 246.0B (+47.7%, highest H1 on record) · The Hyundai Seoul and Trade Center store foreign-customer revenue up +134%/+131% respectively (about 20% of sales)
- Galleria Department Store — ⚠️ Consolidated basis (Hanwha Galleria company-wide) — the department store segment alone is not separately disclosed · Swung from a KRW 4.8B loss a year earlier to profit (net income also swung to a KRW 5.1B profit)
- AK Plaza — An unlisted company — Q2 department store segment figures were not separately disclosed
2025 Total Store Sales & Market Share
Unit: KRW billion · based on an industry compilation (Apparel News ranking of 65 stores)
Lotte Department Store
₩14,252.5B
Shinsegae Department Store
₩13,343.5B
Hyundai Department Store
₩9,104.9B
Galleria Department Store
₩2,709.9B
AK Plaza
₩1,012B
| Company | Store Count | Total Store Sales | YoY | Market Share |
|---|---|---|---|---|
| Lotte Department Store | 31 stores | ₩14,252.5B | +3.0% | 35.2% |
| Shinsegae Department Store | 13 stores | ₩13,343.5B | +5.7% | 33.0% |
| Hyundai Department Store | 12 stores | ₩9,104.9B | +4.0% | 22.5% |
| Galleria Department Store | 5 stores | ₩2,709.9B | +0.2% | 6.7% |
| AK Plaza | 4 stores | ₩1,012B | -8.0% | 2.5% |
Outlet Disclosures (2025)
Scope (Corporate Revenue / Total Store Sales) differs by operator — be sure to check it
| Operator/Brand | Scope | Revenue | Operating Profit | Store Count | Market Share |
|---|---|---|---|---|---|
| Lotte Outlets/Lotte Mall | Total Store Sales | ₩4,389.5B | — | 22 | 46.5% |
| Shinsegae Simon Premium Outlets (corporate) | Corporate Revenue | ₩235.5B | ₩101.4B | 5 | — |
| Shinsegae Premium Outlets (total store sales) | Total Store Sales | ₩2,164.6B | — | 5 | 22.9% |
| Hyundai Premium Outlets/Hyundai City Outlets | Total Store Sales | ₩2,882.7B | — | 8 | 30.6% |
| AK Plaza NSC/Shopping Malls | Corporate Revenue | ₩271.7B | -₩6.1B | — | — |
| NC Department Store/E-Land Retail Outlets | Total Store Sales | N/A | — | — | — |
- Lotte Outlets/Lotte Mall — Folded into Lotte Shopping's department store/mall segment disclosure — standalone outlet profit/loss is not disclosed
- Shinsegae Simon Premium Outlets (corporate) — Revenue and operating profit of the operating company Shinsegae Simon itself. Because the structure is rent-fee-centric, the operating margin (43%) is far above the retail-industry average — a different concept from 'total store sales' below
- Shinsegae Premium Outlets (total store sales) — Industry-compiled figure that sums in tenant-brand sales too — do not add this to the Shinsegae Simon corporate revenue above
- Hyundai Premium Outlets/Hyundai City Outlets — Folded into Hyundai Department Store's segment disclosure — standalone outlet profit/loss is not broken out
- AK Plaza NSC/Shopping Malls — Retail revenue from NSC/mall-format outlets, distinct in character from a typical premium outlet. Currently operating at a loss
- NC Department Store/E-Land Retail Outlets — An unlisted company with limited access to regular DART disclosures — no confirmed figures
Data notes — please read
- This table is not a complete annual time series. Most of 2018–2024 is still blank because segment-level department store figures haven't yet been extracted from the original annual reports; only values confirmed in public disclosures, IR materials, or industry compilations are included.
- For outlets, Corporate Revenue (the operating company's own revenue, rent-fee-centric so margins run high) and Total Store Sales (an industry compilation that sums in tenant-brand sales) are different concepts. Where both figures exist for the same brand — as with Shinsegae Premium Outlets — never add them together or compare them on the same basis.
- Lotte's and Hyundai's outlets are folded into their department store segment disclosures, so standalone profit/loss isn't published. Only total store sales (industry compilation) can be confirmed.
- AK Plaza is an unlisted company, so its 2026 Q1 department store segment figures were not separately disclosed.
Apparel News — 2025 sales ranking of 65 stores across Korea's top 5 department store chainsApparel News — 2025 sales ranking of 35 stores across Korea's top 3 outlet chainsDART (Korea's electronic disclosure system)Lotte Shopping IR archiveShinsegae IR archiveHyundai Department Store Group IR archiveHanwha Galleria WiseReport company overviewHyundai Department Store 2026 Q2 earnings — Electronic TimesLotte Shopping 2026 Q2 department store earnings — BusinesspostShinsegae Department Store 2026 Q2 earnings — BusinesspostHanwha Galleria 2026 Q2 earnings — Businesspost