Parkson
Parkson Holdings Berhad (doing business as Parkson; Chinese: 百盛; pinyin: Bǎishèng; Cantonese Yale: Baaksìhng; MYX: 5657) is an Asian-based department store operator with an extensive network of 131 stores as of 2017, spanning approximately 2.1 million m2 of retail space across cities in Malaysia, China, Vietnam, Indonesia and Myanmar.[1]
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| Publicly traded company | |
| Traded as | MYX: 5657 |
| ISIN | MYL5657OO001 |
| Industry | Department store |
| Founded | 1987 |
| Founder | William Cheng |
| Headquarters | , |
Number of locations | 131 department stores |
Area served | Malaysia China Vietnam Indonesia Myanmar |
| Revenue | RM 3,554 million (FY2014) |
| RM 325 million (FY2014) | |
| RM 240 million (FY2014) | |
| Parent | Lion Group |
| Website | Parkson Holdings Berhad Parkson Malaysia Parkson China Parkson Vietnam Parkson Indonesia Centro Indonesia Parkson Retail Asia Limited |
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 2018, Parkson has 47 stores in Malaysia. Parkson is on a consolidation journey, recently closing down its Maju Junction stall in Kuala Lumpur but opening the Parkson M Square Mall, a retail and lifestyle hub in Puchong. [2]
Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier. [3]
| State | Outlets | Total Outlets |
|---|---|---|
| Federal Territory of Kuala Lumpur | Parkson Elite Pavilion
Parkson MyTown Shopping Centre Parkson Nu Sentral Parkson OUG Plaza Parkson Setapak Central Parkson Sunway Velocity Shoes Gallery by Parkson Avenue K Shoes Gallery by Parkson fahrenheit88 |
8 |
| Federal Territory of Labuan | Parkson Financial Park Labuan Complex | 1 |
| Federal Territory of Putrajaya | Parkson Alamanda, Putrajaya | 1 |
| Johor | Parkson Kluang Parade
Parkson Paradigm Mall, JB Parkson Square One Mall, Batu Pahat Parkson Holiday Plaza, JB Parkson Angsana Mall JB |
5 |
| Kedah | Parkson Aman Central
Parkson Petani Parade |
2 |
| Kelantan | Parkson Kota Bharu Trade Centre | 1 |
| Malacca | Parkson Mahkota Parade | 1 |
| Negeri Sembilan | Parkson Seremban Prima
Parkson Terminal 1 |
2 |
| Pahang | Parkson East Coast Mall, Kuantan | 1 |
| Perak | Parkson Ipoh Parade | 1 |
| Perlis | - | 0 |
| Penang | Parkson 1st Avenue
Parkson Sunway Carnival Parkson Elite Gurney Plaza |
3 |
| Sabah | Parkson 1 Borneo, KK
Parkson Imago Mall, KK Times Square |
2 |
| Sarawak | Kuching: Parkson Plaza Merdeka Miri: Bintulu: Sibu: |
6 |
| Selangor | Home by Parkson DA MEN Mall
Parkson 1 Utama Parkson EVO Mall Parkson Klang Parade Parkson M Square Mall Parkson Plaza Metro, Kajang Parkson Selayang Mall Parkson Setia City Mall Parkson Subang Parade Parkson Sunway Pyramid Parkson Wisma Etonic, Rawang Shoes Gallery by Parkson DA MEN Mall Parkson IOI City Mall, Putrajaya |
13 |
| Terengganu | - | 0 |
Stores outside 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.[4]
As at June 2015, Parkson has an extensive network of 60 stores covering 37 major cities in China.[5]
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.[6]
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.[7]
As of 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. Due to the loss of revenue and profit in Vietnam, so at 16/5/2018 Parkson decrease the number of stores from 9 to 6.
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.[8]
References
- "Parkson Network on the company's web page". Parkson. 2015-12-31. Retrieved 2016-11-26.
- https://www.thestar.com.my/metro/metro-news/2018/01/25/new-mall-for-puchong-residents-retail-and-lifestyle-hub-boasts-spacious-layout-and-convenient-parkin/
- https://www.theedgemarkets.com/article/parkson-closes-store-18-months-after-opening/
- http://www.parksongroup.com.cn/html_en/about_parkson/Profile.php
- Parkson earnings up to RM63.29mil in Q1
- http://www.parkson.com.vn/en/about-parkson.html
- http://www.therakyatpost.com/business/2015/01/08/parkson-remains-positive-vietnam/
- http://www.liongroup.com.my/images/news_letter/News_Letter-PDF_20130819142313.pdf