Industry Department store Founder William Cheng | Headquarters Klang, Malaysia Founded 1987 | |
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Area served Malaysia
China
Vietnam
Indonesia
Myanmar Revenue RM 3,554 million (FY2014) Website Parkson Malaysia
Parkson China
Parkson Vietnam
Parkson Indonesia
Centro Indonesia
Parkson Retail Asia Limited Stock price 3368 (HKG) HK$ 0.99 0.00 (0.00%)23 Mar, 4:00 PM GMT+8 - Disclaimer CEO Sui Hiong Chong (16 May 2014–) Parent organizations Lion Group, Parkson Holdings Bhd, Parkson Corporation Sdn. Bhd. Subsidiaries Lanzhou Parkson Co., Ltd Profiles | ||
Parkson department store
Parkson (Chinese: 百盛; pinyin: Bǎishèng) is an Asian-based department store operator with an extensive network of 130 stores as at 31 December 2015, spanning approximately 2.1 million m2 of retail space across cities in Malaysia, China, Vietnam, Indonesia and Myanmar.
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Stores in Malaysia
Parkson opened its first store at Sungei Wang Plaza in 1987. Since then, new stores have been rolled out across the country at approximately 2 stores per annum over the past 27 years. The flagship store, Parkson Pavilion, was opened in 2007.
As at 31 January 2015, Parkson has 42 stores in Malaysia.
China
In 1994, Parkson opened it first department store in Beijing. Parkson is one of the first foreign department store chains to establish a presence in China.
As at June 2015, Parkson has an extensive network of 60 stores covering 37 major cities in China.
Vietnam
The opening of Parkson Saigon Tourist Plaza on 29 June 2005 marked the entrance of Parkson as the first truly international department store to be opened in Ho Chi Minh City.
On 2 January 2015, Parkson closed its store at Keangnam Landmark Tower, Hanoi as the store has been loss-making since its opening in December 2011. Nevertheless, Parkson remains positive on the retail market in Vietnam, as evidenced by the opening of a new store in Danang on 11 January 2015.
As at 31 January 2015, Parkson has 9 stores in Vietnam across 4 cities, i.e., 6 stores in Ho Chi Minh City, 1 store in Hai Phong, 1 store in Danang and 1 store in Hanoi.
Indonesia
Parkson entered the country by acquiring Centro department store network of 6 stores in 2011 under PT. Tozy Sentosa. The department store network has since expanded to a total of 12 stores under Centro brand and 3 stores under Parkson brand, leading to total 17 stores (including Kem Chicks supermarket at Pacific Place Jakarta and Parkson Gourmet Market at Bintaro CBD, opened on 3 November 2016) as of 1 December 2016.
The country's first Parkson store opened its door at Centre Point Mall, Medan on 28 November 2013. The second Parkson store at Lippo Mall Puri, Jakarta commenced operation on 27 June 2014. The third Parkson store at Hartono Mall, Yogyakarta commenced operation on 22 December 2015.
According to the company website, Centro brand will be focused on middle-class segment while Parkson brand focused on middle-ups.
Myanmar
Parkson entered the country with the opening of its first store at FMI Centre, Yangoon on 11 May 2013.