Central Group has closed its Robins Vietnam online fashion store to concentrate on its physical stores.
On its website, Robins Vietnam announced the end of online business from this week, referring customers to its two Robins department stores, at Vincom Royal City in Hanoi and Ho Chi Minh City’s Crescent Mall.
A Central Group representative said the group “plans to restructure its Vietnamese businesses”, including its fashion operation.
Central Group launched Robins.vn, which was merged with Rocket Internet’s Zalora.vn, in May 2017.
The Thai retail giant entered Vietnam in 2011, and now owns several businesses there, including Big C supermarkets, electronics chain Nguyen Kim, Lan Chi Mart, Robins Department Stores, and stationery chain LookKool.
Mobile World group recently closed its online grocer vuivui.com after two years of operation.
Vietnam’s e-commerce industry is expected to grow 30 per cent to reach US$13billion by 2020 by Vecom. The market is now dominated by Shopee, Lazada, and Tiki, with major investment from foreign firms including JD, Alibaba.