Business · Companies · 1 hr ago
Fix Price closes all three stores in Mongolia
Fix Price closed all three of its stores in Mongolia by the end of September 2026.
The stores were in the country’s capital, Ulaanbaatar, and operated under a franchise.
Fix Price entered Mongolia in January 2023 with two stores, and the number later reached four before falling to three.
The company has not explained the closures or said whether it plans to return to the market.
Analysts suggest the stores may not have been profitable, but the reasons have not been confirmed.
Fix Price is still expanding in some other markets, including Uzbekistan and Serbia, while reducing its store count in Kyrgyzstan and the United Arab Emirates.
By the end of September, the retailer had 8,219 stores across 10 countries, including Russia.
Fix Price closed all three of its stores in Mongolia by the end of September 2026, according to the company’s operating results report.
The stores were listed as non-operating at the end of September, after the chain had three outlets in the country earlier in 2026.
Fix Price began operating in Mongolia in January 2023, opening two stores in the capital, Ulaanbaatar.
The chain had four stores in Mongolia by September 2025, and all of them operated under franchise.
The company did not comment on the reasons for the closures or its plans for Mongolia.
- Who
- Fix Price closed its stores in Mongolia.
- What
- All three stores were listed as non-operating. The company did not comment on the reason.
- When
- By the end of September 2026.
- Where
- Mongolia, including Ulaanbaatar, where the chain first opened stores.
- Why
- Not stated. Experts suggested that limited market potential or unprofitable operations may have contributed.
This story does not have two clearly opposing sides.
Fix Price opened its first two stores in Mongolia, in Ulaanbaatar.
The number of stores in Mongolia had grown to four.
Three Fix Price stores were operating in Mongolia.
All three stores were listed as non-operating.
- Stores closed
- 3
- First Mongolian stores
- 2, opened in January 2023
- Stores in September 2025
- 4
- Stores at end of September 2026
- 0
4 sources
What people are saying
This may mean there was no interest in its further development.
The stores in Mongolia may have been unprofitable, and the market’s size and potential may have been insufficient to continue the business.