Central Group closes Robins Vietnam online store
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Central Group has closed its Robins Vietnam online fashion store to concentrate on its physical stores. On its website, Robins Vietnam announced the end of online business from this week, referring customers to its two Robins department stores, at Vincom Royal City in Hanoi and Ho Chi Minh City’s Crescent Mall.
A Central Group representative said the group “plans to restructure its Vietnamese businesses”, including its fashion operation.
Central Group launched Robins.vn, which was merged with Rocket Internet’s Zalora.vn, in May 2017.
The Thai retail giant entered Vietnam in 2011, and now owns several businesses there, including Big C supermarkets, electronics chain Nguyen Kim, Lan Chi Mart, Robins Department Stores, and stationery chain LookKool.
Mobile World group recently closed its online grocer vuivui.com after two years of operation.
Vietnam’s e-commerce industry is expected to grow 30 per cent to reach US$13billion by 2020 by Vecom. The market is now dominated by Shopee, Lazada, and Tiki, with major investment from foreign firms including JD, Alibaba.
Questions & Answers
Q.Why did Central Group close the Robins Vietnam online store?
Why did Central Group close the Robins Vietnam online store?
Central Group closed the Robins Vietnam online store to focus its efforts on its physical stores. The group also plans to restructure its Vietnamese businesses, including its fashion operation.
Q.Which other online retail businesses has Central Group acquired in Vietnam?
Which other online retail businesses has Central Group acquired in Vietnam?
Central Group acquired Robins.vn, which was later merged with Rocket Internet's Zalora.vn. The group entered Vietnam in 2011 and owns several other retail chains.
Q.What is the expected growth of Vietnam's e-commerce market by 2020?
What is the expected growth of Vietnam's e-commerce market by 2020?
Vietnam's e-commerce industry is expected to grow by 30 per cent, reaching a total value of US$13 billion by 2020. This projection comes from Vecom.
Q.Which companies currently dominate the Vietnamese e-commerce market?
Which companies currently dominate the Vietnamese e-commerce market?
The Vietnamese e-commerce market is currently dominated by Shopee, Lazada, and Tiki. These platforms have received significant investment from foreign firms such as JD and Alibaba.
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