convenience stores

Convenience stores seek survival opportunities

October 25, 2024 | 20:00

Despite continuously opening new stores, global convenience store giants consistently report losses each year.

Convenience stores remain aggressive

October 25, 2024 | 17:00

The convenience store market in Vietnam is highly competitive, with renowned chains expanding aggressively despite facing financial challenges.

7-Eleven announces closure of 444 stores

October 16, 2024 | 09:55

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.

Locals step up M&A retail strategy with foreign players

May 21, 2021 | 14:00

More local players are shaking hands with foreign companies to develop their retail arm in Vietnam, especially through the M&A channel.

Hundreds of VinMart+ stores will be closed

June 24, 2020 | 12:06

Under the management of Masan, hundreds of VinMart+ convenience stores will be closed this year.

Convenience stores facing target hurdles

August 01, 2019 | 10:32

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.

FMCG sales in Vietnamese convenience stores grow strongly

May 30, 2019 | 08:12

As consumer demand for convenience soars across Southeast Asia, Vietnam saw 13 per cent FMCG sales growth in convenience stores in the past year.

Vietnamese supermarkets replacing plastic bags with banana leaves

April 03, 2019 | 17:11

Supermarkets in Vietnam have been wrapping food in environmentally friendly products like fresh banana leaves, beginning a new trend.

Vingroup to acquire Shop & Go grocery store chain for $1

April 03, 2019 | 10:52

Due to the fierce competition and poor business results, the Shop & Go grocery store system decided to withdraw and "donate" its system to Vingroup.

Vingroup and its VND-trillion M&A transactions

April 02, 2019 | 11:13

Besides M&A deals in the real estate sector, Vingroup also acquired potential companies in retail, pharmaceuticals, technology, and automobile production.