Parkson

Update news Parkson

Vietnamese retailers expand networks

By buying rivals and expanding networks, Vietnamese retailers are dominating the domestic retail market.

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.


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 Vietnam dogged by ill fortune

VietNamNet Bridge - Bad luck still clings to Parkson as the Malaysian group continues to report losses and unsatisfactory business results in Vietnam.

Will VN retailers be able to compete with 7-Eleven?

VietNamNet Bridge - The Vietnamese retail market is bustling with the expansion of existing brands and the appearance of newcomers, including 7-Eleven, the world's largest convenience chain. 

Shopping malls shut down in high season

VietNamNet Bridge - A number of shopping malls have shut down though it is now the peak sales season. 

How was Parkson ousted?

VietNamNet Bridge - Parkson, the Malaysian department store chain, was once compared to a haughty lady who was choosy in cooperating with partners. However, the lady has gone downhill.

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.

Malaysian retailer leaves Hanoi after two stormy years

VietNamNet Bridge - After closing some of its department stores in Hanoi within a two-year period, Parkson, a retail giant from Malaysia, has officially decided to leave the capital.

Parkson Paragon closure sparks concern about retail market

VietNamNet Bridge - The concern about the number of retail premises in HCM City became more intense after Parkson Paragon closed. 

Retailers advised to learn “Parkson lesson” before entering Vietnam

VietNamNet Bridge - The Vietnamese retail market, analysts say, is still being overestimatrd by investors. 

Will luxury shopping malls succeed in Vietnam?

VietNamNet Bridge – Although there are many well-off Vietnamese who are willing to spend money on expensive items, luxury malls may still not succeed in the market.

Retail premises unable to find customers, leases for free

VietNamNet Bridge – A property developer has decided to lease retail premises for free to help establish the “world of Vietnamese goods”.

Could Vietnamese goods be ousted from home market by foreign firms?

Once Vietnamese retail chains fall into the hands of “foreign sharks”, Vietnamese goods will be dislodged from the home market, while local production will become stagnant, experts have warned.

Shopping malls: small investments can bring big profits

VietNamNet Bridge – Big fortunes can be made through small investments, and this is  especially true in the distribution sector.

Shopping malls combine modern and traditional retail to attract customers

As high-end shopping malls continue to face difficulties attracting customers, some retailers are combining two business models, modern merchandising and traditional markets.

Shopping mall business falls, but oversupply may not be the cause

VietNamNet Bridge – Despite great efforts to attract customers, shopping malls in large cities continue to have problems attracting many customers.

BUSINESS IN BRIEF 14/1

Parkson opens first mall in Da Nang; Senior SHB executive arrested; Mobile World receives $2m in shares after bonus payout; State Treasury to issue G-bonds in Q1; Guidelines issued on selling public firms

Public condemns Malaysian retailer for shutting down Parkson Landmark

VietNamNet Bridge – The decision by Parkson to close Parkson Landmark, one of its nine shopping malls in Vietnam, has alarmed and angered the public.