Hypermarket Giant to try its luck in Cambodia
Hypermarket Giant to try its luck in Cambodia
I suppose it was only a matter of time before the mega-retailers set up shop here. I thought the Thai conglomerate "Big C" would have entered the Cambodian market first. Giant dominates the market in parts of the Middle East as well. Such buyers-of-scale can always undercut local mom-and-pop type shophouses with low prices. All "progress" comes at a price.
http://www.phnompenhpost.com/business/h ... k-cambodiaHypermarket giant to try its luck in Cambodia
Fri, 18 March 2016
Sor Chandara
Giant, one of the biggest players of the retail industry in Malaysia, will open its first Cambodian outlet in Phnom Penh’s City Mall and is planning a second outlet in the Parkson shopping mall currently under construction, according to a source involved in the project.
The hypermarket chain, which operates over 145 stores in Malaysia and has a presence in six other countries, will establish its City Mall store in the space formerly occupied by Lucky Supermarket.
However, the new outlet, expected to be one of the chain’s smaller supermarkets, should not be seen as a competitor to the Lucky chain, the source said.
“Giant and Lucky Supermarket are in fact partners,” the source said. “Both of them will operate hand-in-hand to serve their target clients as they are both under the same company.”
Giant is a wholly owned subsidiary of pan-Asian retailer Dairy Farm International Holdings Ltd (DFI), which also holds a 70 per cent stake in Lucky Supermarket’s parent company, DFI Lucky Private Ltd.
“With the presence of Giant in Cambodia, there will be more variety of products available,” the source said.
Representatives of DFI Lucky and Dairy Farm International did not respond to interview requests yesterday.
¯\_(ツ)_/¯
-
- Expatriate
- Posts: 1263
- Joined: Sun Mar 29, 2015 6:12 pm
- Reputation: 12
Re: Hypermarket Giant to try its luck in Cambodia
Giant in the Middle East are awful. They may be the only supermarket chain in the world that makes Lucky look professional.
I doubt they're going to win huge market share in Cambodia.
I doubt they're going to win huge market share in Cambodia.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
Re: Hypermarket Giant to try its luck in Cambodia
Such mega-retailers typically peddle cheap Chinese-made products to undiscerning, budget minded buyers at discount prices. That appeal seems to be universal. The first entrant always takes the biggest risk, but it might pay off if they can stick through the initial investment and logistics phase. Giant seems to have an advantage due to their existing links with Lucky, so they have in-country experience.
¯\_(ツ)_/¯
Re: Hypermarket Giant to try its luck in Cambodia
Looking forward to it. Giant in Indonesia was great in comparison to other local chains. Lucky also seems to be stocked with Giant products (mops and stuff) at the minute.
Be good, or be good at it.
Re: Hypermarket Giant to try its luck in Cambodia
I thought the Giant stores in the Persian Gulf countries were adequate. It was a much better shopping experience than trying to haggle for reasonable prices for goods in a souk.Mister wrote:Looking forward to it. Giant in Indonesia was great in comparison to other local chains. Lucky also seems to be stocked with Giant products (mops and stuff) at the minute.
¯\_(ツ)_/¯
Re: Hypermarket Giant to try its luck in Cambodia
Please a big grocery store of some kind in Snookyville. Samadera keeps raising the prices on everything. Lucky was suppose to come to Snooky, but that never happened.
- Duncan
- Sir Duncan
- Posts: 8149
- Joined: Tue Jun 03, 2014 8:22 pm
- Reputation: 2357
- Location: Wonder Why Central
Re: Hypermarket Giant to try its luck in Cambodia
Sailorman wrote:Please a big grocery store of some kind in Snookyville. Samadera keeps raising the prices on everything. Lucky was suppose to come to Snooky, but that never happened.
Lucky's prices are not cheap. Of the several items that I buy which are the same size, same brand,, eg Flora margarine , Lucky's price is always higher than Bayon.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 4 Replies
- 1033 Views
-
Last post by Freightdog
-
- 6 Replies
- 1584 Views
-
Last post by AndyKK
-
- 14 Replies
- 9766 Views
-
Last post by Fridaywithmateo
-
- 0 Replies
- 1247 Views
-
Last post by MrB
-
- 5 Replies
- 1259 Views
-
Last post by John Bingham
-
- 2 Replies
- 1637 Views
-
Last post by CEOCambodiaNews
-
- 12 Replies
- 4071 Views
-
Last post by Bluenose
Who is online
Users browsing this forum: No registered users and 259 guests