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Parkson

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Parkson Holdings Berhad
Company typePublic limited company
MYX: 5657
ISINMYL5657OO001
IndustryDepartment store
Founded1987; 37 years ago (1987)
FounderWilliam Cheng
Headquarters
Kuala Lumpur
,
Malaysia
Number of locations
131 department stores
Area served
Malaysia
China
Vietnam
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

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 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 two stores per annum over the past 27 years. The flagship store, Parkson Pavilion, was opened in 2007.

As of 29 July 2021, Parkson has 41 stores in Malaysia (38 Parkson, 3 Parkson Elite). 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, which is closed 18 months of operating.[2][3]

State Outlet Location
Johor Parkson Angsana Mall Johor Bahru
Parkson Kluang Parade Kluang
Parkson Paradigm Mall Johor Bahru
Parkson Square One Mall Batu Pahat
Kedah Parkson Aman Central Mall Alor Setar
Parkson Petani Parade Sungai Petani
Kelantan Parkson Kota Bharu Trade Centre Kota Bharu
Kuala Lumpur Parkson Elite Pavilion Kuala Lumpur Bukit Bintang
Parkson Nu Sentral Brickfields
Parkson OUG Plaza Old Klang Road
Parkson Pavilion Bukit Jalil Bukit Jalil
Parkson Setapak Central Setapak
Parkson Sunway Velocity Mall Cheras
Labuan Parkson Financial Park Labuan Complex Labuan
Malacca Parkson Mahkota Parade Malacca City
Negeri Sembilan Parkson Seremban Prima Mall Seremban
Pahang Parkson East Coast Mall Kuantan
Parkson Kuantan City Mall
Penang Parkson 1st Avenue Georgetown
Parkson Elite Gurney Plaza
Parkson Sunway Carnival Mall Seberang Jaya
Perak Parkson Ipoh Parade Ipoh
Putrajaya Parkson Alamanda Putrajaya
Parkson IOI City Mall
Sabah Parkson 1Borneo Hypermall Kota Kinabalu
Parkson Imago Mall
Sarawak Parkson Bintang Megamall Miri
Parkson Plaza Merdeka Kuching
Parkson The Spring Bintulu
Parkson The Spring Kuching
Parkson Vivacity Megamall
Parkson Wisma Sanyan Sibu
Selangor Parkson Elite 1 Utama Petaling Jaya
Parkson EVO Mall Bandar Baru Bangi
Parkson Klang Parade Klang
Parkson Metro Plaza Kajang
Parkson Selayang Mall Selayang
Parkson Setia City Mall Setia Alam
Parkson Subang Parade Subang Jaya
Parkson Sunway Pyramid Petaling Jaya
Parkson Wisma Etonic Rawang

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 of June 2015, Parkson has an extensive network of 60 stores covering 37 major cities in China.[5]

Province Outlet Location
Anhui Parkson Hefei Hefei
Beijing Parkson Beijing Beijing
Gansu Parkson Lanzhou Lanzhou
Guangxi Parkson Incity Nanning
Parkson MixC
Parkson Nanning Xinan Shangdu
Guizhou Parkson Guiyang Guiyang
Parkson Liupanshui Liupanshui
Parkson Tongren Tongren
Parkson Guizhou Zunyi Zunyi
Hebei Parkson Zhangjiakou Zhangjiakou
Hunan Parkson Beauty Changsha Changsha
Parkson Yueyang Yueyang
Jiangsu Parkson Wuxi Wuxi
Parkson Wuxi New District
Jiangxi Parkson Nanchang (A) Nanchang
Parkson Nanchang (B)
Parkson Newcore Mall
Liaoning Parkson Anshan Anshan
Parkson Shenyang Shenyang
Shaanxi Parkson Xi'an East Ring Road Xi'an
Shandong Parkson Parkson Beauty MixC Qingdao
Parkson Lion Mall
Parkson Qingdao
Shanghai Parkson Newcore City Mall Shanghai
Parkson Shanghai
Parkson Shanghai Xinzhuang
Parkson Supermarket Shanghai
Shanxi Parkson Datong Datong
Parkson Taiyuan Taiyuan
Parkson Taiyuang Changfeng
Sichuan Parkson Sichuan Shidai Chengdu
Parkson Sichuang Shishang
Parkson Mianyang Mianyang
Parkson Mianyang Metropolis
Parkson Supermarket Sanjiang
Parkson Panzhihua Panzhihua
Parkson Zigong Zigong
Xinjiang Parkson Xianjiang Urumqi
Yunnan Parkson Brilliant Plaza Kunming
Zhejiang Parkson Shaoxing Shaoxing

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 opening a new store in Danang on 11 January 2015.[7] As of 3 January 2021, Parkson has 4 stores across 3 cities.

Outlet Location
Parkson TD Plaza Haiphong
Parkson Vinh Trung Plaza Da Nang
Parkson Saigon Tourist Plaza Ho Chi Minh City
Parkson Hung Vuong Plaza

Indonesia (formerly)

Parkson entered the country by acquiring PT. Tozy Sentosa, the operator of Centro Department Store in 2011. Centro Department Store itself was developed by Suzy Darmawan Hutomo, master licensor holder for The Body Shop in Indonesia and sole daughter of Matahari founder, Hari Darmawan.[8] Prior to the acquisition, Centro opened its first store at Plaza Semanggi, Jakarta in November 2003, followed by opening stores at Discovery Shopping Mall Bali, Plaza Ambarrukmo Jogjakarta, Margo City Depok, Mall of Indonesia Jakarta, and Summarecon Mall Serpong Tangerang.

After the acquisition, the department store network has since expanded to a total of 11 stores under the Centro brand and two stores under the Parkson brand, leading to a total of 14 stores (including Kem Chicks supermarket at Pacific Place Jakarta. 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, the Centro brand will be focused on the middle-class segment while the Parkson brand focuses on the upper-middle-class.

In March 2021, PT. Tozy Sentosa were sued to bankruptcy due to failed payments to various vendors.[9][10][11] Centro stores at Plaza Ambarrukmo, Jogjakarta and Bintaro Jaya Xchange Mall, Tangerang closed down following the lawsuit.[12] Before that, however, two Centro branches at Mall of Indonesia[13] and Plaza Semanggi, Jakarta[14] were closed in 2018, followed by the Summarecon Mall Serpong branch on 3 January 2021.[15] In April 2021, Parkson Hartono Mall and Centro Solo Paragon Mall closed its doors, and finally, on 17 May 2021, the company was officially declared bankrupt by court.[16]

Brand Outlet before liquidation Location
Parkson Centre Point Mall Medan
Centro Discovery Shopping Mall Bali
Galaxy Mall Surabaya Surabaya
Grand Metropolitan Mall Bekasi
Icon Mall Gresik Gresik
Manado Town Square Manado
Margo City Depok
Pesona Square Depok Depok
Resinda Park Mall Karawang

Myanmar

Parkson entered the country with the opening of its first store at FMI Centre, Yangoon, on 11 May 2013.[17]

Laos

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

References

  1. ^ "Parkson Network on the company's web page". Parkson. 2015-12-31. Archived from the original on 2014-12-17. Retrieved 2016-11-26.
  2. ^ "Parkson opens new mall in Puchong".
  3. ^ "Parkson closes store 18 months after opening". 6 August 2019.
  4. ^ "Parkson".
  5. ^ Parkson earnings up to RM63.29mil in Q1
  6. ^ "About Parkson | Parkson". Archived from the original on 2013-12-03. Retrieved 2013-12-02.
  7. ^ "Parkson remains positive on Vietnam - the Rakyat Post - the Rakyat Post". Archived from the original on 2016-08-29. Retrieved 2015-02-11.
  8. ^ "Kisah Putri Sulung Pendiri Matahari Department Store Tanggalkan Nama Darmawan". Tribun Jabar (in Indonesian). Retrieved 2021-04-05.
  9. ^ Kusumawardhani, Amanda (10 March 2021). "Pengelola Centro dan Parkson Digugat Pailit". Bisnis Indonesia. Retrieved 12 March 2021.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "SIPP". sipp.pn-jakartapusat.go.id. Retrieved 2021-03-12.
  11. ^ Liputan6.com (2021-03-16). "Asosiasi Pemasok Tanggapi Kasus PKPU Centro dan Parkson Departemen Store". liputan6.com (in Indonesian). Retrieved 2021-03-16.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ^ Sandi, Ferry. "Centro Plaza Ambarrukmo Tutup, Rupanya Sudah Diprediksi". news (in Indonesian). Retrieved 2021-03-23.
  13. ^ "Tak Hanya di Plaza Semanggi, Centro di Mall of Indonesia Juga Tutup". kumparan (in Indonesian). Retrieved 2021-03-31.
  14. ^ Hasibuan, Lynda. "15 Tahun Eksis, Begini Sepak Terjang Centro Department Store". news (in Indonesian). Retrieved 2021-03-31.
  15. ^ "Summarecon Mall Serpong (@sms_serpong) posted on Instagram: "Pemberitahuan Terimkasih #SMSLovers telah menjadi pelanggan Centro Department Store Summarecon Mall Serpong. Kami Informasikan mulai 03…" • Jan 4, 2021 at 12:37pm UTC". Instagram. Archived from the original on 2021-12-24. Retrieved 2021-03-31.
  16. ^ Novika, Soraya. "Perjalanan Centro Tutup Gerai hingga Dinyatakan Pailit". detikfinance (in Indonesian). Retrieved 2021-05-18.
  17. ^ http://www.liongroup.com.my/images/news_letter/News_Letter-PDF_20130819142313.pdf [bare URL PDF]
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