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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Reports have been circulating for more than a month now that Thailand’s Central Group is in talks with Vietnam’s Vincom Retail that could lead to the Thai company buying a majority stake. Total GFA is now 1.747 million sqm, up 6 per cent from a year ago, but vacancy across the portfolio outside of prime CBD locations remains a problem.

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Analysis: How Vietnam’s malls are riding the wave of recovery

Inside Retail

On 12 July, a rumour circulated on social media that the chairperson of Vingroup, which includes Vincom Retail, Vietnam’s largest mall operator, had been barred from leaving the country. The optimistic outlook has led retailers in the Vietnam region to dust off their pre-pandemic expansion plans and accelerate store openings.

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How Maccas, Domino’s and 7-Eleven are taking sustainability seriously

Inside Retail

million pieces of plastic from circulation each year. The brand’s use of electric delivery bicycles since 2015 has reduced its carbon footprint; the goal is to achieve 2 million e-bike deliveries in Australia each year. Domino’s has ended its reliance on single-use plastic straws and spoons in more than 710 stores across the country.

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From Cobblestones to Cyberspace: VMSD Celebrates Its 125th Year of Service to the Retail Industry

VMS

Within a few short months of its debut, circulation grew into the tens of thousands. In North Carolina, Belk’s maintained a healthy confidence in their downtown locations. Economic expansion was fueled by a new affluence. In 1948, Hudson-Belk decided to improve its Fayetteville Street store in Raleigh, N.C.,