Revenues drop for under pressure Lotte

South Korea's Lotte Group has suffered from sluggish growth in its retail business in China, analysts said.

Revenues of Lotte Group's hypermarKets sector slipped by 2 percent to 2,516 billion South Korean Won ($2.2 billion), as a result of its mediocre performance in China, according to its annual report released last month.

The group saw its same store sale growth in China decline by 14 percent in 2016 while its overall global sale growth slowed by 3.8 percent despite the growth in Indonesia and Vietnam.