Parkson

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Parkson Holdings Berhad
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)
RM 325 million (FY2014)
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: 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, Indonesia and Myanmar.[1]

Stores in Malaysia[edit]

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 at 31 January 2015, Parkson has 42 stores in Malaysia.

Flag State Total Outlets
Flag of Kuala Lumpur
Federal Territory of Kuala Lumpur 6
Flag of Labuan
Federal Territory of Labuan 1
Flag of Putrajaya
Federal Territory of Putrajaya 2
Flag of Johor
Johor 3
Flag of Kedah
Kedah 2
Flag of Kelantan
Kelantan 1
Flag of Malacca
Malacca 2
Flag of Negeri Sembilan
Negeri Sembilan 2
Flag of Pahang
Pahang 2
Flag of Perak
Perak 1
Flag of Perlis
Perlis 0
Flag of Penang
Penang 5
Flag of Sabah
Sabah 3
Flag of Sarawak
Sarawak 7
Flag of Selangor
Selangor 7
Flag of Terengganu
Terengganu 0

Stores outside Malaysia[edit]

China[edit]

In 1994, Parkson opened it first department store in Beijing. Parkson is one of the first foreign department store chains to establish a presence in China.[2]

As at June 2015, Parkson has an extensive network of 60 stores covering 37 major cities in China.[3]

Vietnam[edit]

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.[4]

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.[5]

As at 31 January 2015, Parkson has 9 stores in Vietnam across 4 cities, i.e., 6 stores in Ho Chi Minh City, 1 store in Hai Phong, 1 store in Danang and 1 store in Hanoi.

Indonesia[edit]

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 12 stores under Centro brand and 3 stores under Parkson brand, leading to total 17 stores (including Kem Chicks supermarket at Pacific Place Jakarta and Parkson Gourmet Market at Bintaro CBD, opened on 3 November 2016) as of 1 December 2016.

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. 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 middle-class segment while Parkson brand focused on middle-ups.

Myanmar[edit]

Parkson entered the country with the opening of its first store at FMI Centre, Yangoon on 11 May 2013.[6]

References[edit]

External links[edit]