Groomers mall

The Hanoitimes - The capital will pay attention to developing outlet malls and promote investment in large-scale outlet centers. Developing large-scale outlet malls in Hanoi would boost manufacture and sale in the context of the stagnant economy and trade activities as the results of  Covid-19, according to Hanoi authority. Jockey outlet in Chua Boc street. Photo: Le Nam Though factory stores are popular to shoppers in the US, Europe and other countries. Hanoi, home to major garment and textile businesses, has still not seen any large outlet mall. Hanoi Party Secretary Vuong Dinh Hue recently asked the city’s authorities to consider developing factory stores and lure investment in large-scale outlet malls. Being of the same opinion, President of the Vietnam Association of Retailers Vu Thi Hau, said that factory stores would benefit both businesses and consumers. "Although the items sold at the point of sale are mainly outdated or with minor defects, they are from well-known fashion brands and could be sold at prices between 30% and 80% cheaper," she said. "Many customers still prefer defective items sold in factory stores because of their cheap price but good quality." In Hanoi, the first outlet stores were open in 2012 but then closed after the short time in operation. Mr. Nguyen Van Hai, owner of an outlet shop in Chua Boc street, Hanoi, who had given up selling defective branded fashion said that most of the items were 50% to 70% cheaper than the price of the fine items. However, he had to struggle to compete with other fashion stores by offering many promotion programs such as discounts and gifts, leading to no profit. An outlet in Vincom Royal City. Photo: Hoai Nam The reason why the outlet stores could not survive is the lack of diversification. The outlet shops only sell items of one or brands and such poor offer is not appealing to customers, Deputy Director of the Domestic Markets Department under the …

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The Hanoitimes - Hanoi’s retail sales of goods and services in 2020 valued at VND584.7 trillion (US$25.2 billion), up 2.7% on-year. Hanoi’s retail space showed high occupancy in the fourth quarter of 2020 thanks to increasing retail sales of goods and services, Savills Vietnam has said in a recent report. Hanoi's retail occupancy fueled by good purchasing demand Average occupancy increased by 1 percentage point (ppt) on-quarter supported by economic indicators including a rise of 5.6% on-quarter in the city’s total retail sales of goods and services at VND162.6 trillion (US$7 billion) in the fourth quarter (Q4). The retail sales of goods and services in 2020 valued at VND584.7 trillion (US$25.2 billion), up 2.7% on-year. Whilst high-end brands opened new flagship stores, numerous street stores remained vacant or were converted, most noticeably in the central business district (CBD) following the sharp drop in tourists. Occupancy and rent in Hanoi's retail space. Source: Savills Research & Consultancy During the quarter, average ground floor gross rent rose 3% on-quarter. Total stock increased by 1% on-quarter to approximately 1.6 million square meter (sq.m) after the launch of Vincom Mega Mall Ocean Park in the East. Footfall is recovering but yet to return to pre-pandemic levels due to limited impulse and extravagant spend to increase savings. Outlook of Hanoi's retail. Source: Savills Research & Consultancy Outlook Some 18 projects supplying over 158,000 sq.m are scheduled for launch by end 2022, including Vincom Mega Mall Smart City in 2021, the most significant. Continuous large supply expansion to the non-CBD might result to decreasing overall rent and occupancy. Noticeably, e-commerce has shown robust growth and continues to change shopping behaviors. While classic retail was deeply affected by Covid-19, it enabled online opportunities in production and business. …

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Flower growers look to online sales amid COVID-19 resurgence Workers at a flower farm in Da Lat City. Traditionally, city dwellers shop for flowers and botanicals at flower markets to fill their home with the most cheerful blooms to celebrate the new year. But many flower growers said that flower markets were not busy this year, leaving them with an oversupply. Nguyen Duy, a flower farm owner in Da Lat City, said that COVID-19 outbreaks in many localities would likely affect people's purchasing power for flowers ahead of Tet festival. Thuy Vu, director of the The Gioi Hoa Tuoi JSC, a wholesale supplier of flowers, said it would not focus on retail sales for the Tet festival this year due to market uncertainty. Nguyen Thi Ngoc Lan, a flower vendor at Ho Thi Ky flower market in HCM City, said flowers stockpiled for the Tet market this year were not as numerous as last year due to concerns over weak purchasing power. Purchasing orders with flower farms are expected to change in the next few days depending on the control of COVID-19, Lan said. Flower farms in Da Lat City have seen a 55 per cent drop in orders from wholesale markets in other cities and provinces, according to a survey of the Da Lat City People’s Committee. The committee, however, has reported a boom in online sales of agricultural produce, flowers and botanicals ahead of Tet. It advised farms to use bank transfer payments for retail orders and to sign contracts with merchants for wholesale orders to ensure the success of online deals. Livestreams Shoppers can find various types of flowers from flower farms and merchants on online shopping platforms. Nguyen Thi Bich Thuy from Biofresh Company in Da Lat City has hosted livestreams via Facebook to guide viewers through different types of flowers and plants available on the farm. Amid the pandemic, live commerce has helped promote and sell products, and engaged potential shoppers, Thuy said. Tran Van Tam, a flower grower in Da Lat …

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