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, 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