WinMart Vietnam parent plans 720 new stores by Christmas
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Vietnamese supermarket and minimart operator, WinCommerce, says it will boost its WinMart store network by 720 more stores this year.
The plan includes 700 new WinMart+ stores – a hybrid minimart or convenience store format – and more than 20 WinMart supermarkets and hypermarkets. Deputy GM of operations at WinMart+, Nguyen Van Quy, told local media the company is on track with its expansion plan with more than 300 new stores opened already this year.
With the retail market now in a post-Covid era, the Masan Group-owned retailer is also shifting its focus on developing a multi-utility business model and franchised stores, which it expects to become a retail trend in the near future.
The company said it will work closely with local suppliers and producers to create a closed-loop supply chain and provide goods to customers quickly and affordably.
Questions & Answers
Q.What is the total number of new WinMart and WinMart+ stores WinCommerce plans to open this year?
What is the total number of new WinMart and WinMart+ stores WinCommerce plans to open this year?
WinCommerce aims to expand its network by 720 new stores this year. This includes 700 new WinMart+ convenience stores and more than 20 larger WinMart supermarkets and hypermarkets, as part of their significant expansion plan.
Q.What new business models is Masan Group-owned WinCommerce focusing on in the post-Covid retail market?
What new business models is Masan Group-owned WinCommerce focusing on in the post-Covid retail market?
The retailer is shifting its focus towards developing a multi-utility business model. Also, WinCommerce is exploring franchised stores, which it anticipates will emerge as a significant retail trend in the near future across the market.
Q.How will WinCommerce ensure it provides goods to customers quickly and affordably with its expansion?
How will WinCommerce ensure it provides goods to customers quickly and affordably with its expansion?
WinCommerce stated it will work in close collaboration with local suppliers and producers. This strategy aims to establish a closed-loop supply chain, designed to efficiently deliver goods to customers at competitive prices.
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