convenience stores facing target hurdles

Convenience stores facing target hurdles

In contrast to expectations, owners of many foreign convenience stores in Vietnam may not be able to meet their ambitious targets in carving a firm niche in the domestic market, due in part to fierce competition from the biggest players. Kim Oanh reports.
convenience stores have strong development in the future

Convenience stores have strong development in the future

Convenience stores with many advantages are expected to dominate the local retail market, according to experts.
117 vinmart stores to be launched per day

117 VinMart+ stores to be launched per day

Vingroup expectes to open additional 117 VinMart+ convenience stores in the last day of 2018, further surpassing other competitors in retail segment. 
will qr code stores become the new craze in hanoi

Will QR code stores become the new craze in Hanoi?

After the launch of Vietnam’s first QR code store in Ho Chi Minh City, Hanoi is also planning to pilot similar stores in 2018, aiming to boost the development of e-commerce in the capital. However, with only five million Vietnamese people using QR codes to pay, it remains a question whether these new stores will become popular in Hanoi.
lotte considers opening more stores in vietnam

Lotte considers opening more stores in Vietnam

Korean retail giant Lotte is considering whether to open more stores in major Vietnamese cities, including the capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City.
vietnam in golden period for convenience stores

Vietnam in "Golden Period" for convenience stores

Vietnam in "Golden Period" for convenience stores
vietnam convenience stores enjoy boom

Vietnam convenience stores enjoy boom

Convenience stores and minimarts have become increasingly popular in the country, with more than one third of households shopping there regularly, according to some analysts’ estimates.
parkson closes one of eight department stores in vietnam

Parkson closes one of eight department stores in Vietnam

On January 2, department store Parkson Landmark 72 suddenly closed after three years of opening.
microsoft to sell surface at retail stores

Microsoft to sell Surface at retail stores

Microsoft said Tuesday it would make its Surface tablet computer available to outside sellers as soon as mid-December, citing interest from retailers as well as consumers.
7 eleven announces closure of 444 stores

7-Eleven announces closure of 444 stores

The world's largest convenience store chain and a Japanese icon, 7-Eleven, has decided to close 444 stores and shift its business model due to poor performance and inflationary pressures, following a $47 billion acquisition offer last week.
convenience stores seek survival opportunities

Convenience stores seek survival opportunities

Despite continuously opening new stores, global convenience store giants consistently report losses each year. Dr. Nguyen Minh Phuc, lecturer at the Department of Logistics and Supply Chain Management at the Foreign Trade University, shared insights with VIR’s Hazy Tran regarding the future direction for foreign convenience store chains in Vietnam and the ASEAN region.
global brands allow retail stores to flourish

Global brands allow retail stores to flourish

Many domestic businesses are opening more store chains to retain market positioning in the face of mounting competition of foreign retailers.
vinfast plans to open more than 50 stores in europe

VinFast plans to open more than 50 stores in Europe

VinFast has announced its plan to open more than 50 VinFast Stores across Germany, France, and the Netherlands. The reveal came at the European premiere of its VF 8 and VF 9 smart electric vehicles at EVS35 – the world's largest EV event this year.
facebook launches shops to showcase online stores

Facebook launches 'Shops' to showcase online stores

SAN FRANCISCO: Facebook on Tuesday (May 19) reached out to businesses struggling to survive the pandemic with free tools for creating online "Shops" at the social network and Instagram.
nearly 16200 online stores sanctioned for profiting from covid 19

Nearly 16,200 online stores sanctioned for profiting from COVID-19

The Ministry of Industry and Trade has been cracking down on profiteers for selling face masks, hand sanitisers and other items for inflating prices due to the high demand caused by the ravaging COVID-19 epidemic.