On March 31, Mobile World has sent a dispatch to partners providing premises, requesting to adjust and reduce the cost of renting space for two phone and electronic phone chains, Mobile World. and Dien May Xanh, to match the real business situation due to the impact of the Covid-19 epidemic.
Specifically, The Gioi Di Dong said that because it operates in the retail sector with a nationwide network of stores, although it has been actively reducing operating costs, when the Government applied measures Strong to prevent disease, Mobile World will also be negatively affected to the business situation.
According to The Gioi Di Dong, up to now there has not been any clear information about the end of the epidemic as well as the time when the market recovers, meaning Mobile World and the entire population Members also face many difficulties ahead.
Therefore, The Gioi Di Dong has asked partners to reduce 50% of the rental price for 12 months and exempt the cost of renting of stores during the time of closing the business suspension as required. of State agencies. According to statistics, the company currently has 996 Mobile World stores and 1,028 Dien May Xanh stores.
Earlier, the Prime Minister issued Directive 16 / CT-TTg on the implementation of urgent measures to prevent and control Covid-19. Accordingly, the implementation of social isolation within 15 days from 0:00 on 1/4/2020 on a national scale. Non-essential businesses are forced to close to prevent disease.
At an online meeting with investors held a few days ago, Mr. Nguyen Duc Tai, President of Mobile World, said that this Covid-19 translation is an opportunity to screen and those businesses with background. good foundation will succumb to disease and continue to grow. Mr. Tai is confident that Mobile World will be the fastest rising business after the epidemic due to 5 reasons.
Firstly, the scripts were prepared and the company was not passive. When the disease is complicated, the company will activate the plan at that level.
Secondly, in terms of business plan, according to Mr. Tai, the company’s general orientation is not to stimulate demand, so this time the company will focus on controlling costs and getting ready for the foundation so that when the epidemic ends, MWG will be the first to rise first to run to the future.
Thirdly, in this period, priority is given to ensuring business cash flow, so long-term and expanded investment projects will be postponed.
Fourthly, this is an opportunity for Bach Hoa Xanh to develop and build consumer confidence in the retail sector. The company believes that the housewives used to go to traditional markets when they were sure that there were sufficient sources of goods near their homes, stable prices, and good service attitude. New but normally it will cost a lot of money to entice them from the familiar shopping to the Bach Hoa Xanh. “This is a natural opportunity,” Tai remarked.
Fifthly, this epidemic will certainly affect the income of the people, the total demand of the whole society will decline sharply but there will also be many sellers giving up, and the supply will also decline. decrease accordingly.
“The question of who stays in the end will win the market share that others leave, which is important. So far in the retail sector, many talented people have gone. , and their market share is the main driver of MWG, which is the reason why Mobile World has increased continuously over the past time, “Mr. Tai confidently shared with shareholders.
According to the business results in the first 2 months, Mobile World achieved a consolidated net revenue of VND 20,541 billion (up 18%) and profit after tax of VND 845 billion (up 16%) compared to the same period in 2019. .