Not only falling on the e-commerce map, Mobile World’s online revenue also continued to decline, down to the lowest of 14 months.

The Gioi Di Dong Investment Joint Stock Company has just announced the first 6 months of 2019 business results.

Accordingly, the company’s net revenue reached VND 51,727 billion, up 16% compared to the same period last year. Profit after tax increased by 38% to VND 2,121 billion.

Online revenue reached 7,720 billion VND, increased 39% and accounted for 15% of revenue structure. However, in fact, in the last 3 months, the company’s online revenue is continuously decreasing and the number achieved in June is only 775 billion VND. This is the Mobile World lowest result in the past 14 months, but compared to June 2018, online revenue decreased by about 20%.

Previously, according to iPrice’s data, traffic to Thegioididong.com website has decreased by 35% compared to the end of 2017. In the past year, traffic to Thegioididong.com has also continuously decreased in the context of the market. The evaluated phone field is saturated. The Gioi Di Dong itself is constantly closing down stores and revenue has almost gone flat.

For Dienmayxanh.com website, iPrice said that traffic has increased again in the last 3 quarters, has just returned to the 10 million access threshold in quarter 2/2019.

The World Mobile said that by the end of June 2019, the company had sold watches according to the shop-in-shop model at 34 stores. The total number of products sold is nearly 11,000 watches. The sale of additional watches helps stores increase an average of 10% of revenue.

At the end of June, The Gioi Di Dong had 2,449 stores, an increase of 78 stores compared to the end of May and an increase of 262 stores compared to the end of 2018. On average from the beginning of the year, the company has 1.5 new stores every day

At Bach Hoa Xanh, the chain currently has 100 large stores of 300m2 out of a total of 600 stores, accounting for about 17% of the chain stores.

Average revenue continued to increase to more than 1.5 billion VND / store / month, up 25% in the first half of 2019 from 1.2 billion at the end of 2018 and up nearly 70% from 900 million at the end of June / 2018.

Bach Hoa Xanh has started to upgrade the standard stores with revenue of 1.7 – 2.5 billion VND / month and is able to expand the area into a 300m2 big shop. The well-functioning 300m2 stores are transformed into Double Shop models (Bach Hoa Xanh combined with household appliances).

Accordingly, after successfully upgrading 12 standard stores to a large model of 300m2, these stores recorded revenue growth of about 20% compared to the previous business situation.

The Double Shop stores selling household products have a revenue growth of about 30% compared to before the conversion. After successfully testing this model in Tay Ninh province at the end of May, BHX converted 3 more 300m2 stores with high sales in Ho Chi Minh City in June 2019.