Supermarkets do big trade during holiday

Supermarkets in HCM City reported a rise in sales during the long holiday weekend but traditional markets saw sales dip since regular customers were apparently away vacationing.

Nguyen Thanh Nhan, general director of the Co.opMart supermarket chain, said sales doubled during the holidays from last Saturday to Tuesday.

Lotte Mart, Zen Plaza, Vincom and other shopping malls also reported higher sales, Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported.

Most supermarkets launched promotions during the holiday period, including 5-50 per cent cuts in the prices of many goods.

They also had higher stocks compared to normal days.

Big C, for instance, increased stocks by 30 per cent.

Electronics shops like Thien Hoa, Cho Lon, Nguyen Kim and Hoan Long also saw sales increase by 30-50 per cent.

Many of them unveiled promotional programmes that will go on for a couple more weeks.

However, at Ben Thanh Market in District 1, sales remained normal, even slightly lower, with the market management board attributing this to regular customers going away on tours.

An Dong Market in District 5 and Binh Tay Market in District 6 also reported low sales.

A shopkeeper in An Dong said in fact, she had never seen sales so low during the Reunification Day and Labour Day holidays. — VNS

Tags: Vietnam retail market, Vietnam Retail Sales