Why Vietnam remains a drag on Central Retail’s performance

A Go! mall in Vietnam
Despite opening two new GO! malls, Central’s Vietnam business continues to struggle.
Central Retail reported a solid but unspectacular third quarter, with revenue growth becalmed and same-store sales continuing their weak trend across all retail segments. The company’s operations in Vietnam are problematic, and despite some weeding out of the hardlines portfolio, there is a good case for doing still more gardening there. Even as marginal stores in the hardlines category come under scrutiny, though, the company’s portfolio continues to grow. In the third quarter, it opened a

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