Parkson

Parkson Holdings Berhad

Type	Publicly traded company
Traded as	MYX: 5657
ISIN	MYL5657OO001
Industry	Department store
Founded	1987
Founder	William Cheng
Headquarters	Kuala Lumpur , Malaysia
Number of locations	131 department stores
Area served	Malaysia China Vietnam Indonesia Myanmar
Revenue	RM 3,554 million (FY2014)
Operating income	RM 325 million (FY2014)
Net income	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

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, Laos, Indonesia and Myanmar.^[1]

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 of 3rd January 2021, Parkson has 42 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][3]

Stores outside Malaysia

China

In 1994, Parkson opened its 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 3rd January 2021, Parkson has 4 stores across 3 cities.

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 11 stores under Centro brand and 2 stores under Parkson brand, leading to total 14 stores (including Kem Chicks supermarket at Pacific Place Jakarta and Parkson Gourmet Market at Bintaro CBD, opened on 3 November 2016 but closed sometime in 2017) as of 1 December 2020.

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 (closed in 2020 due to low sales and COVID-19 pandemic). 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 the middle-class segment while Parkson brand focuses on the upper-middle-class.

Myanmar

Parkson entered the country with the opening of its first store at FMI Centre, Yangoon on 11 May 2013.^[8]

Laos

Parkson opened its first store in the Sisattanak district of Vientiane in February 2020.

References

External links

• Parkson Malaysia
• Parkson China
• Parkson Vietnam
• Centro Indonesia
• Parkson Indonesia
• Parkson Retail Asia Limited