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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

Just two new openings are planned for this year: VMM Grand Park, a Mega Mall in District 9, Ho Chi Minh City; and a Vincom Plaza in Ha Giang in the far north, near the Chinese border. More significantly, sales are now 27 per cent above the level of the first quarter in 2019. Both are expected to open in the fourth quarter.

Expansion 130
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How HomePro aims to grow in Thailand’s fragmented DIY market 

Inside Retail

Seven more stores are planned for opening this year. The company believes sales are now on a sustainable pathway, following 7.5 per cent growth in 2022, bringing total retail sales to 65.1 This was a significant milestone because, after a slump lasting two years, it finally brought sales above the level of 2019.

Marketing 130
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2022 Retail Predictions

Tusco Display

The Covid pandemic continues to loom over retail but very differently from its impact in both 2020 and 2021. 2020 saw closures and bankruptcies, while many retailers were buoyed in 2021 - with bankruptcies down and plans for expansion. We’ve written on the topic before and will continue to talk about it.

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