Soaring rent is squeezing out retailers in Yangon

Retail space rents are increasing as much as 50 percent year-on-year, squeezing not only small and medium enterprises, but also big business, out of profitable areas in Yangon, local businesses and experts said last week. A fruit vender sorts through stock at his Yangon shop. Local shopkeepers admit they are in danger of losing their […]

Rents Hardly ‘Convenient’ for Rangoon’s Corner Stores

Rangoon’s skyrocketing property prices are putting the squeeze on a young convenience store sector that depends on already-thin profit margins as domestic operators try to establish a footing before the expected entrance of more foreign competition. In Rangoon, domestic convenience stores began popping up just two years ago, with City Mart Holdings, Myanmar Indo Best […]

Retail sector needs better loans to modernise, say industry sources

Retail shops and supermarkets are growing in popularity, but owners of traditional shops need capital to modernise, retailers said last week. “We can say that modern retail shops are becoming more common in Myanmar, even though they are still not that many in number,” said Daw Wai Thit Lwin, managing director of abc Convenience Stores, […]