Makro (Uzbekistan) Explained

Darvoza Savdo LLC
Trade Name:Trading as Makro
Founded: in Tashkent, Uzbekistan
Num Locations:108 stores
Num Locations Year:2021
Num Employees:3,500

Makro is an Uzbek supermarket chain headquartered in Tashkent. The company operates a network of 108 stores across 25 urban areas in Uzbekistan, making it the country's largest food retailer by store count.[1] [2] The company has 3,500 employees.[3] Makro claims to command 20% of market share in Tashkent and around 5% of market share nationally.[1] The company's main competitors are Korzinka.uz, another local supermarket chain, and foreign retailers that have recently entered the Uzbek market, including French multinational player Carrefour, and Kazakh company Magnum.[4] [5] Around 20% of Makro's merchandise is the chain's in-house brand, called “M,” while 53% of merchandise is produced in Uzbekistan.[1] [6] In July 2021, Retail Asia Awards announced Makro won the 2021 Domestic Retailer of the Year and Convenience Store of the Year for Uzbekistan.[7] Makro is owned by the Orient Group of companies.[8] In June 2022, the CEO Roman left the Group to pursue his own projects.[9]

History

Makro was founded on December 11, 2010.[10] In 2016, the company acquired Sunday, a local competitor that operated 26 stores.[11] In May 2020, Makro became the first supermarket chain in Uzbekistan to install self-checkout kiosks.[12] In October 2020, the company became the first retailer in Uzbekistan to install electric vehicle charging stations at select locations.[13] On December 11, 2020, Makro opened 10 stores in one day to mark the company's 10-year anniversary.[14] In February 2021, the company announced that it would install a network of 30 electric vehicles charging stations at stores in Tashkent and 10 other cities.[15] On May 13, 2021, Makro announced that it has partnered with accounting firm Ernst & Young to audit the company's financials and help implement its transition to International Financial Reporting Standards (IFRS) accounting.[16] In July 2021, Makro was named "Convenience Store of the Year" and "Domestic Retailer of the Year" in Uzbekistan at the Retail Asia Awards.[17]

Stores

Makro has three store formats:  

Makro City
  • Makro City are hypermarkets with a trading area of over 2,000 square meters. These stores are distinguished by a wider range of merchandise and counters selling prepared foods.[18]
    Makro Supermarket
  • Makro Supermarkets are standard format supermarkets with a trading area of between 600 and 1200 square meters.
    Makro Express 24
  • Makro Express are convenience stores with a trading area of less than 600 square meters.

    Makro in social media

    Notes and References

    1. Web site: 2020-12-19. Uzbekistan's Makro positions itself for growth in a more competitive market bne IntelliNews. 2020-12-29. www.intellinews.com. 2020-12-29. https://web.archive.org/web/20201229172433/https://www.intellinews.com/uzbekistan-s-makro-positions-itself-for-growth-in-a-more-competitive-market-199283/. live.
    2. Web site: About Makro Supermarket. live. https://web.archive.org/web/20201124012054/http://makromarket.uz/pages/o-nas. 2020-11-24. 2020-12-29.
    3. Web site: MAKRO supermarket chain. 2020-12-29. The Tower MMG. en-US. 2021-05-12. https://web.archive.org/web/20210512205345/https://thetowergroup.uz/en/p/orient-retail/makro/. live.
    4. Web site: 2019-11-28. A new era of expansion and competition in Uzbekistan's retail sector bne IntelliNews. 2020-12-29. www.intellinews.com. 2020-11-29. https://web.archive.org/web/20201129040845/https://www.intellinews.com/a-new-era-of-expansion-and-competition-in-uzbekistan-s-retail-sector-172449/. live.
    5. News: Mamatkulov. Mukhammadsharif. 2020-04-30. As pandemic empties traditional Uzbek bazaars, supermarkets step in. en. Reuters. 2020-12-29. 2020-06-06. https://web.archive.org/web/20200606053319/https://www.reuters.com/article/us-health-coronavirus-uzbekistan-retail-idUSKBN22C1SU. live.
    6. Web site: 2021-02-15. The Makro Method European Supermarket Magazine. 2021-02-15. 2021-03-06. https://web.archive.org/web/20210306055303/https://www.esmmagazine.com/features/esm-issue-1-2021-read-latest-issue-online-121907. live.
    7. Web site: Here are the winners in the Retail Asia Awards 2021. 20 July 2021. 6 August 2021. 6 August 2021. https://web.archive.org/web/20210806132518/https://retailasia.net/co-written-partner-e-commerce-stores-technology/event-news-news/here-are-winners-in-retail-asia-awards-2021. live.
    8. Web site: Ритейл/EN . 2022-11-29 . 2022-11-29 . https://web.archive.org/web/20221129121018/https://orientgroup.uz/en/retail . live .
    9. Web site: Роман Сайфулин ушёл с поста исполнительного директора Makro . 8 June 2022 . 29 November 2022 . 29 November 2022 . https://web.archive.org/web/20221129121355/https://retail-loyalty.org/news/roman-sayfulin-ushyel-s-posta-ispolnitelnogo-direktora-makro/ . live .
    10. Web site: Briggs. Fiona. Uzbekistan grocery chain Makro marks 10-Year anniversary with 10 new stores. 2020-12-29. Retail Times. en-US. 2020-12-14. https://web.archive.org/web/20201214125615/https://www.retailtimes.co.uk/uzbekistan-grocery-chain-makro-marks-10-year-anniversary-with-10-new-stores/. live.
    11. Web site: akbaryusupov. Makro buys Sunday supermarkets chain. 2020-12-29. tashkenttimes.uz. 2021-11-09. https://web.archive.org/web/20211109164809/https://tashkenttimes.uz/economy/269-makro-buys-sunday-supermarkets-chain. live.
    12. Web site: 2020-05-04. Makro запускает кассы самообслуживания (обновлено). 2020-12-29. Spot – Бизнес, технологии и инновации в Узбекистане. ru-UZ. 2020-05-05. https://web.archive.org/web/20200505234110/https://www.spot.uz/ru/2020/05/04/makro/. live.
    13. Web site: 2020-10-10. Фото: Makro установила первую станцию для электромобилей в Ташкенте. 2020-12-29. Spot – Бизнес, технологии и инновации в Узбекистане. ru-UZ. 2021-06-20. https://web.archive.org/web/20210620025223/https://www.spot.uz/ru/2020/10/10/electrocar/. live.
    14. Web site: Magazine. E. S. M.. Uzbek Retailer Makro Celebrates Tenth Anniversary With New Store Openings. 2020-12-29. ESM Magazine. 15 December 2020 . en. 2021-01-09. https://web.archive.org/web/20210109140512/https://www.esmmagazine.com/retail/uzbek-retailer-makro-celebrates-tenth-anniversary-new-store-openings-116950. live.
    15. Web site: Uzbekistan's Makro grocery chain to roll out 30 electric vehicle charging stations – Retail Times. 2021-02-15. Retail Times. en-US. 2021-02-15. https://web.archive.org/web/20210215131102/https://www.retailtimes.co.uk/uzbekistans-makro-grocery-chain-to-roll-out-30-electric-vehicle-charging-stations/. live.
    16. Web site: Makro сотрудничает с аудиторской компанией Ernst & Young в рамках перехода на МСФО. May 10, 2021. Spot – Бизнес, технологии и инновации в Узбекистане. May 17, 2021. June 20, 2021. https://web.archive.org/web/20210620042933/https://www.spot.uz/ru/2021/05/10/makro/. live.
    17. Web site: Here are the winners in the Retail Asia Awards 2021. 2021-09-22. Retail Asia. 20 July 2021. en. 2021-08-16. https://web.archive.org/web/20210816062046/https://retailasia.net/co-written-partner-e-commerce-stores-technology/event-news-news/here-are-winners-in-retail-asia-awards-2021. live.
    18. Web site: В Ташкенте открылся супермаркет Makro нового формата. 2020-12-29. Repost. ru. 2021-11-09. https://web.archive.org/web/20211109164810/https://repost.uz/new-makro. live.

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