FPT Retail keeps strong growth

After the first 7 months of 2016, FPT Retail earned VND 5,554 billion and VNS 114 billion in profit before tax, up 33% and 39% respectively over the same period in 2015 thanks to the breakthrough of key products. The revenue growth rate is more than 24% on average in the market.

Selling products online - one of the important directions helping FPT Retail gain the strong growth in recent years continues to achieve the strong growth when customers’ traditional shopping habits have changed. After 7 months, online sales reached VND 561 billion, an increase of 60% over the same period last year, accounting for 10% of the total sales in the first 7 months of FPT Retail.

FPT Shop also continued to expand its operational area in 63/63 cities and provinces. As of July 20, 2016, FPT Retail has had 334 stores, exceeding plan by 34 shops. On average, FPT Shop earned more than VND 27 billion per day. FPT Retail was still the fastest growth member company in terms of revenue and profit before tax.

Especially in early August, FPT Retail achieved a series of records. More than 5,000 Samsung Galaxy Note 7 were pre-ordered and 6,000 Oppo F1s were sold on the first day.

Also in August 2016, FPT Shop announced that the firm was authorized to sell Apple Watch and Macbook while iPhone 6 and iPhone 6s had been previously authorized. Thus, this retail system officially became Apple Premium Reseller selling enough products including iPhone, iPad, Macbook and Apple Watch, opening up more opportunities to increase revenue and profit in the future.