Makro (Uzbekistan)

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.[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]

Darvoza Savdo LLC
Trading as Makro
Founded2010 (2010) in Tashkent, Uzbekistan
Number of locations
108 stores (2021)
Key people
  • Roman Sayfulin (CEO)
Number of employees
3,500

History

Makro was founded on December 11, 2010.[8] In 2016, the company acquired Sunday, a local competitor that operated 26 stores.[9] The company has a reputation for technological innovation. In May 2020, Makro became the first supermarket chain in Uzbekistan to install self-checkout kiosks.[10] In October 2020, the company became the first retailer in Uzbekistan to install electric vehicle charging stations at select locations.[11] On December 11, 2020, Makro opened 10 stores in one day to mark the company’s 10-year anniversary.[12] 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.[13] 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.[14] In July 2021, Makro was named "Convenience Store of the Year" and "Domestic Retailer of the Year" in Uzbekistan at the Retail Asia Awards.[15]

Stores
Makro City
Makro Supermarket

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.[16]
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.

References
  1. "Uzbekistan's Makro positions itself for growth in a more competitive market | bne IntelliNews". www.intellinews.com. 2020-12-19. Retrieved 2020-12-29.
  2. "About Makro Supermarket". Retrieved 2020-12-29.{{cite web}}: CS1 maint: url-status (link)
  3. "MAKRO supermarket chain". The Tower MMG. Retrieved 2020-12-29.
  4. "A new era of expansion and competition in Uzbekistan's retail sector | bne IntelliNews". www.intellinews.com. 2019-11-28. Retrieved 2020-12-29.
  5. Mamatkulov, Mukhammadsharif (2020-04-30). "As pandemic empties traditional Uzbek bazaars, supermarkets step in". Reuters. Retrieved 2020-12-29.
  6. "The Makro Method | European Supermarket Magazine". 2021-02-15.
  7. "Here are the winners in the Retail Asia Awards 2021".
  8. Briggs, Fiona. "Uzbekistan grocery chain Makro marks 10-Year anniversary with 10 new stores". Retail Times. Retrieved 2020-12-29.
  9. akbaryusupov. "Makro buys Sunday supermarkets chain". tashkenttimes.uz. Retrieved 2020-12-29.
  10. "Makro запускает кассы самообслуживания (обновлено)". Spot – Бизнес, технологии и инновации в Узбекистане (in Russian). 2020-05-04. Retrieved 2020-12-29.
  11. "Фото: Makro установила первую станцию для электромобилей в Ташкенте". Spot – Бизнес, технологии и инновации в Узбекистане (in Russian). 2020-10-10. Retrieved 2020-12-29.
  12. Magazine, E. S. M. "Uzbek Retailer Makro Celebrates Tenth Anniversary With New Store Openings". ESM Magazine. Retrieved 2020-12-29.
  13. "Uzbekistan's Makro grocery chain to roll out 30 electric vehicle charging stations – Retail Times". Retail Times. Retrieved 2021-02-15.
  14. "Makro сотрудничает с аудиторской компанией Ernst & Young в рамках перехода на МСФО". Spot – Бизнес, технологии и инновации в Узбекистане. May 10, 2021.
  15. "Here are the winners in the Retail Asia Awards 2021". Retail Asia. Retrieved 2021-09-22.
  16. "В Ташкенте открылся супермаркет Makro нового формата". Repost (in Russian). Retrieved 2020-12-29.
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