Saigon Co.op aims to have 1,000 retail stores this year
Saigon Co.op aims to have 1,000 retail stores this year
The Saigon Union of Trading Cooperatives (Saigon Co.op), the nation’s leading retail store chain operator, aims to raise the number of its retail stores by half to 1,000 by the end of the year, from the current 650.
A Saigon Co.op leader announced the target at a meeting held on March 27 to review the 2018 operations and introduce the activities of the retailer for the year. As such, the number of retail stores under its key brands of Co.opmart, Co.opXtra, Co.opFood and Cheers will be multiplied, alongside introducing new shopping malls and facilities for high-end segments.
With this target, Saigon Co.op aims to secure a firm foothold in the competitive retail market, continue growing as the country’s leading retail store chain operator and become the leading retailer in Vietnam by 2025.
Last year, it put into service an additional 160 stores, despite the challenge of finding appropriate locations for these stores.
This period also marked a milestone in the retailer’s development history as it had opened more than 100 Co.opmart supermarkets, raising its total facilities to more than 650 and serving one million customers daily.
Owning the largest number of retail models in the country, the company’s operations cover most segments in the local retail space and its stores are found in 43 provinces and cities throughout Vietnam.
Further, Saigon Co.op hit record sales, at VND1 trillion per week for eight consecutive weeks during the last Tet holiday. This was attributed to its successful preparations for Tet, stocking up on goods well in advance.
