Lotte Department Store announced that the premium shopping mall ‘Time Villas Suwon,’ which opened in October 2024, will hold the largest customer appreciation event ever to mark the 1st anniversary of the grand opening. Time Villas Suwon combines the strengths of department stores and shopping malls. In particular, it has strengthened its premium product line such as luxury and beauty, and introduced a large number of MZ generation preference contents such as the largest global sports store in the commercial district and Musinsa Standard. Premium food hall 'Dining ABNEW' was also introduced. As a result, Time Villas Suwon has achieved remarkable growth, with sales increasing and customer base increasing within the highly competitive regional business district.
New or renewed brands are making a leap to the ‘top-ranked stores in the country,’ and partners are also receiving favorable reviews. Golden Goose and Hoka ranked in the top three sales rankings among stores nationwide. In the case of New Balance, it was renewed and opened as the largest flagship store in the commercial district, rising from the top 20 to the top 10. The world-recognized 'design competitiveness' is also a great achievement. Time Villas Suwon has won two world-renowned design awards this year alone. In March this year, Time Villas' design concept, which contains the philosophy of a space where a new time opens, was awarded the main prize of the ‘IF Design Award,’ and the official website of Time Villas, which was designed to reflect this direction, won the main prize of the ‘Red Dot Design Award’ in August this year.
Time Villas Suwon will hold a one-year anniversary thank-you event for 18 days from the 23rd to the 9th of next month in return for customer support. Popular pop-ups for each product group, from popular fashion brands to exotic food and beverages (F&B), will be displayed. On the 2nd Fl., an exclusive pop-up will be held to commemorate the launch of the new product of ‘Aquadiparma,’ famous for Italian Niche perfume, and on the 3rd Fl., a ‘Haha House’ pop-up will be held to meet Mathen Kim and DePound, who have established themselves as leading global K-fashion brands. It will also hold a ‘Food Festa’ where you can meet popular menus at a discounted price at food and beverage (F&B) stores. Dining ABNEW, which carefully selected famous restaurants across the country, has attracted 2.5mn customers within a year of its opening, establishing itself as a ‘gourmet shrine where you can experience the best taste, atmosphere and service at the same time.’
The Food Festa will feature 32 F&B brands in Time Villas Suwon, including Dining ABNEW. It will also intensively expand specialized experience contents unique to shopping malls. By introducing cultural spaces such as large bookstores and IP content stores. Meanwhile, Lotte Department Store plans to expand its ‘shopping mall business’ based on the success of Time Villas Suwon to grow it as a future growth engine. In particular, new 'large complex shopping malls' are under construction in Suseong, Sangam, and Songdo, reflecting the direction of Time Villas.