Marks & Spencer Vietnam opens second store
In this article (5)
UK-based department store retailer Marks & Spencer has opened a second store in Vietnam’s largest city, Ho Chi Minh.
Marks & Spencer Vietnam plans to have 20 stores trading in the country by 2020, focused on selling womenswear and menswear.
The new store is at Crescent Mall in Ho Chi Minh City’s District 7, a four year old mall which also hosts a newly opened Robins Department store.
It is operated by Marks & Spencer’s long-term franchise partner, Thailand-based Central Retail Corporation, a member of Central Group, which also owns Robins.
The first Marks & Spencer Vietnam store opened in a 1200 sqm space in the Vincom Center in downtown Ho Chi Minh City last year, the site previously occupied by UK rival Debenhams.
M&S now has over 800 stores in the UK and more than 460 international stores across 56 markets in Europe, the Middle East and Asia.
Questions & Answers
Q.Which company operates the Marks & Spencer stores in Vietnam?
Which company operates the Marks & Spencer stores in Vietnam?
Marks & Spencer's long-term franchise partner, Thailand-based Central Retail Corporation, operates the stores. This company is also a member of Central Group.
Q.What kind of products does Marks & Spencer plan to sell in its Vietnamese stores?
What kind of products does Marks & Spencer plan to sell in its Vietnamese stores?
The company plans to focus on selling womenswear and menswear in its stores in Vietnam. This product strategy aligns with its expansion plans in the country.
Q.What is the targeted number of Marks & Spencer stores in Vietnam by 2020?
What is the targeted number of Marks & Spencer stores in Vietnam by 2020?
Marks & Spencer Vietnam aims to have 20 stores trading across the country by 2020. This indicates an ambitious expansion strategy for the region.
Q.Where is the first Marks & Spencer store located in Ho Chi Minh City?
Where is the first Marks & Spencer store located in Ho Chi Minh City?
The first Marks & Spencer Vietnam store is located in a 1200 square metre space within the Vincom Center, in downtown Ho Chi Minh City. This site was previously occupied by Debenhams.
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