Consumer China

Parkson Retail Group – Malaysian promise

  • Published 11 Feb 2010

High margin cosmetic sales are helping bolster Parkson's performance.

Background:Parkson Retail Group (3368:HKG), a unit of Malaysia's Parkson Holdings Berhad (ACB:KL), is a mid to upper end department store operator, offering products such as clothing, electronic goods and cosmetics. The company operates under the Parkson and Xtra brands and has 45 outlets in 28 cities across China, as well as 35 in Malaysia and five in Vietnam. It aims to open its first outlet in Cambodia in 2011. Non-proprietary brands account for almost 90% of Parkson's annual sales.

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