New habits in health retail 08:00 | 22/04/2021
New habits in health retail. Source: cafef.vn
FPT Retail plans to expand its Long Chau Pharmacy chain from 200 to 350 outlets in 2021. The group expects to account for 30 per cent of the local pharmacy retail market in the next two years, contributing to 25 per cent of its total revenue worth $217.16 million.
A representative of FPT Retail said that the company will develop its logistics capabilities and workforce to reach this target. The retailer has also started to pilot its FBeauty chain, selling cosmetics and functional foods to capitalise on the market potential.
Meanwhile, Pharmacity plans to double its network to more than 1,000 stores across the nation this year. Apart from drugs, Pharmacity also sells cosmetics, beverages, and toothpaste, among others.
Retailers enduring mixed bag of results vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Retailers enduring mixed bag of results 08:00 | 17/03/2021
While a number of brands are fading away in the Vietnamese retail landscape, others have stepped up their game to expand their market share.
Despite last yearâs woes, retailers are pressing on with plans to grab more market share. Photo: Le Toan
After 22 years of operating in Vietnam, in early March, leading Thai retail group Central Retail officially announced the removal of the Big C brand, renaming its stores to GO! or Tops Market, which it uses across Thailand.
âThis is part of our rebranding plan,â confirmed a representative.
Five years ago, Central Group forked out more than $1 billion for the Big C chain. However, despite accelerating growth in the retail market, Central Retailâs performance in the country began to slip after the deal. Most of the key branches in big cities reported a decrease or no growth in revenue.
Retailers adapting to new behaviours 10:00 | 17/12/2020
Retailers adapting to new behaviours-illustration photo
At the end of November, South Korea-based convenience chain GS25 announced installation of facial payment Facepay into 25 of its 80 stores, before extending the service to the whole chain. Facepay has been developed by Wee Digital, a digital identity technology startup.
The installation of Facepay is part of GS25âs strategy to scale up its presence to open about 500 more stores by 2025, increasing its competitiveness with other convenience store operators in the country.
Both the founder of Wee Digital, Christian Nguyen, and Mai Thuy Nhan, CEO of GS25 Vietnam, believe that the payment technology of Wee Digital will bring an interesting experience for customers, especially young ones who use e-wallets such as ZaloPay, VNPAY, or MoMo.