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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, Indonesia and Myanmar.[1]

Parkson Holdings Berhad
Publicly traded company
Traded asMYX: 5657
ISINMYL5657OO001
IndustryDepartment store
Founded1987
FounderWilliam Cheng
Headquarters,
Number of locations
131 department stores
Area served
Malaysia
China
Vietnam
Indonesia
Myanmar
RevenueRM 3,554 million (FY2014)
RM 325 million (FY2014)
RM 240 million (FY2014)
ParentLion Group
WebsiteParkson Holdings Berhad
Parkson Malaysia
Parkson China
Parkson Vietnam
Parkson Indonesia
Centro Indonesia
Parkson Retail Asia Limited

Contents

Stores in MalaysiaEdit

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 2018, Parkson has 47 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]


Flag State Outlets Total Outlets
Federal Territory of Kuala Lumpur Parkson Elite Pavilion

Parkson KLCC

Parkson MyTown Shopping Centre

Parkson Nu Sentral

Parkson OUG Plaza

Parkson Setapak Central

Parkson Sunway Velocity

Shoes Gallery by Parkson Avenue K

Shoes Gallery by Parkson fahrenheit88

9
Federal Territory of Labuan Parkson Financial Park Labuan Complex 1
Federal Territory of Putrajaya Parkson Alamanda, Putrajaya 1
Johor Parkson Kluang Parade

Parkson Paradigm Mall, JB

Parkson Square One Mall, Batu Pahat

Parkson Holiday Plaza, JB

4
Kedah Parkson Aman Central

Parkson Petani Parade

2
Kelantan Parkson Kota Bharu Trade Centre 1
Malacca Parkson Mahkota Parade 1
Negeri Sembilan Parkson Seremban Prima

Parkson Terminal 1

2
Pahang Parkson East Coast Mall, Kuantan 1
Perak Parkson Ipoh Parade 1
Perlis - 0
Penang Parkson 1st Avenue

Parkson Sunway Carnival

Parkson Elite Gurney Plaza

3
Sabah Parkson 1 Borneo, KK

Parkson Imago Mall, KK Times Square

2
Sarawak Parkson Bintang Megamall, Miri

Parkson Riverside Complex, Kuching

Parkson Plaza Merdeka

Parkson The Spring, Kuching

Parkson Vivacity Megamall

Parkson Wisma Sanyan, Sibu

6
Selangor Home by Parkson DA MEN Mall

Parkson 1 Utama

Parkson EVO Mall

Parkson Klang Parade

Parkson M Square Mall

Parkson Plaza Metro, Kajang

Parkson Selayang Mall

Parkson Setia City Mall

Parkson Subang Parade

Parkson Sunway Pyramid

Parkson Wisma Etonic, Rawang

Shoes Gallery by Parkson DA MEN Mall

Parkson IOI City Mall, Putrajaya

13
Terengganu - 0

Stores outside MalaysiaEdit

ChinaEdit

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.[3]

As at June 2015, Parkson has an extensive network of 60 stores covering 37 major cities in China.[4]

VietnamEdit

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.[5]

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.[6]

As of 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. Due to the loss of revenue and profit in Vietnam, so at 16/5/2018 Parkson decrease the number of stores from 9 to 6.

IndonesiaEdit

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.

MyanmarEdit

Parkson entered the country with the opening of its first store at FMI Centre, Yangoon on 11 May 2013.[7]

ReferencesEdit

  1. ^ "Parkson Network on the company's web page". Parkson. 2015-12-31. Retrieved 2016-11-26.
  2. ^ https://www.thestar.com.my/metro/metro-news/2018/01/25/new-mall-for-puchong-residents-retail-and-lifestyle-hub-boasts-spacious-layout-and-convenient-parkin/
  3. ^ http://www.parksongroup.com.cn/html_en/about_parkson/Profile.php
  4. ^ Parkson earnings up to RM63.29mil in Q1
  5. ^ http://www.parkson.com.vn/en/about-parkson.html
  6. ^ http://www.therakyatpost.com/business/2015/01/08/parkson-remains-positive-vietnam/
  7. ^ http://www.liongroup.com.my/images/news_letter/News_Letter-PDF_20130819142313.pdf

External linksEdit