Latest News about retailers
Experts have forecast a tough time ahead for the domestic retail, with many store owners struggling to pay rent after being hit hard by the COVID-19 pandemic.
Nguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand.
Many retailers in phone and electronics segments focus on developing online channels to survive the coronavirus pandemic.
Supermarkets in HCM City have worked with suppliers to ensure there is sufficient supply of goods at steady prices for the next two to three months, diminishing public fear of shortages.
During the year-end period, retailers have been displaying many kinds of Tet (Lunar New Year) gift hampers to serve the shopping and gifting needs of consumers.
Large retailers and convenience stores in Thailand have pledged to stop giving plastic bags to customers from next year to reduce plastic waste, the country’s environment minister announced.
Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.
For a long time, Vietnam has been considered as a potential retail market thanks to crowded population and strong purchasing power but not every retailer is able to succeed in doing business here.
More foreign investors have had to leave Vietnam after taking losses for a long time, though Vietnam is considered an attractive market with increasingly high purchasing power.
Some retail chains are seeking hundreds of workers as they plan to open more shops to scale up their business.