department store

Update news department store

Groceries upgrade to exist in 4.0 era

The hot development of modern retail channels are threatening variety stores and traditional markets.

Is the sun setting on department stores?

The continued closure of Parkson stores shows that the time of the department store may be over. Shopping malls are the growing tendency in large cities.

Vietnam’s retail market cutthroat, big player falls

VietNamNet Bridge - Parkson recently shut down its shopping center at Cantavil An Phu in district 2, HCM City. To date, the big retailer from Malaysia has closed five malls in Vietnam.


What is the future for Vietnam’s retail industry?

VietNamNet Bridge - The Vietnamese retail market is undergoing a restructuring with new trends expected in the next three years, especially changes in investors’ strategies.

Parkson’s department store model over in Vietnam

Parkson, which was once the leading distributor of branded goods in Vietnam, has had shut down four department stores in recent years, including all of their stores in Hanoi.

Parkson’s departure from Hanoi - will other retailers follow?

VietNamNet Bridge - The closing of a series of Parkson trade centers in Hanoi indicates that luxury shopping malls are facing pressure from the economic crisis.

Department store expansion slows in big cities

 VietNamNet Bridge – While the network of large-scale shopping malls has been expanding rapidly, the department store development has slowed down, attributed to the changes in the consumers’ tastes.