Parkson stores, housed in a 72-storey skyscraper in Viet Nam, Ha Noi Keangnam Landmark, closed its doors suddenly on January 2. — Photo nguoiduatin

HA NOI (Biz Hub) — Parkson stores, housed in a 72-storey skyscraper in Viet Nam, Ha Noi Keangnam Landmark, closed its doors suddenly on January 2.

The management unit at Parkson had earlier issued an unexpected notification stating that the last trading day for the department store would be January 2 and that the counter's owners will have access to the building for the next two days, on January 3 and 4, to remove their fixtures and stocks.

According to the notification, the store's closure is a result of the company and its partners having suffered "huge losses" since the shopping mall's opening in 2011, which has led to the owner of the Parkson Landmark terminating tenancy for the counters.

Meanwhile, Nguyen The Cuong, the Head of the Market Management Unit in Nam Tu Liem district, was quoted by vietnamplus.vn as saying that the Parkson's closure was a result of a tenancy dispute between the Keangnam and Parkson.

The Parkson's five-floor department store opened its doors in the Ha Noi skyscraper on December 2, 2011, occupying retail space of up to 35,600 square metres.

Parkson has investment capital of US$10 million and is located near the Pham Hung boulevard in Nam Tu Liem district. — VNS