City Mart Holding

Stock performance

History

City Mart Holding was founded as a small Yangon supermarket and grew into Myanmar's largest retail chain, expanding significantly during the country's economic opening in the 2010s to become the dominant modern-format grocery and general-merchandise retailer in the country.

Business model

City Mart Holding operates a chain of supermarkets and department stores across Myanmar, serving as the country's leading modern-format retailer for groceries and general merchandise in Yangon and other major cities.

Market position

City Mart Holding is the largest modern retail chain in Myanmar, holding a dominant position in the country's still-developing modern grocery retail sector relative to traditional markets and smaller shops.

Country impact

City Mart Holding is one of the most recognized retail brands in Myanmar, and its growth has been an important part of the modernization of Myanmar's retail sector, even as broader economic conditions in the country have been significantly disrupted since 2021.