Mobile World: First store closes, negative growth of 11% in the first month of 2018

Mobile World: First store closes, negative growth of 11% in the first month of 2018 In 2017, although the phone market is considered satura...

Mobile World: First store closes, negative growth of 11% in the first month of 2018
In 2017, although the phone market is considered saturated, the chain TheGioiDiDong.com still open 121 more stores. However, to January 2018, the first Mobile World has to close down the phone shop.Mobile World has released a summary report of its business results for January of this year with sales of VND7,861 billion, fulfilling 9% of the 2018 target and growing 15% y / y.After tax profit of 300 billion dong, completing 12% of the plan and 12% growth over the same period.January 1, 1818's World Mobile Report has released the first business case of BigPhone in Cambodia. Accordingly, the chain has four stores and reached a revenue of 3.5 billion in January.Tran Anh Group achieved revenue of 308 billion dong with 35 stores. Tran Anh officially handed over to Mobile World with a stake of over 95%.The notable feature in this Mobile World report is that the number of TheGioiDiDong.com stores has dropped from 1,072 stores to 1,071.Over the past few years, TheGioiDiDong.com stores have grown but never dropped. In 2017, although the market has saturated, the chain TheGioiDiDong.com still open up to 121 stores.

January 1, 1818 is the first time Mobile World closed stores
In terms of sales, the chain TheGioiDiDong.com reached VND3,248 billion in January, down 11% over the same period last year. In the last 4 months, there were up to 3 months of negative growth, in October, 1977, November 1977 and January.
With bad data in the beginning of the new year, 2018 could be a difficult year for Nguyen Duc Tai's phone chain.

While the chain is down, the two chains of electronics and beverage continue to grow impressively. Green Machine with 668 stores has the second consecutive month reached over 4,000 billion revenue. Green Electronics has officially surpassed The Mobile World to become the largest revenue contributor chain.
Green Department Store has 316 stores, revenue more than 200 billion in the past month.
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High Tech Brain: Mobile World: First store closes, negative growth of 11% in the first month of 2018
Mobile World: First store closes, negative growth of 11% in the first month of 2018
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