Berli Jucker news

Big C’s new strategy of focusing on the quality of sales is showing evidence of progress. Focusing on quality of sales and margin Big C’s total revenue for the quarter reached Bht25.9bn (US$739m), a decline of 18.3% over the same period last year. This decrease was driven by a retail sales decline of 20.0%, due to negative like-for-like of 22.6% for Q3. Meanwhile, its total expenses decre...

Chairman of TCC Thailand, Charoen Sirivadhanabhakdi has reportedly revealed a plan to merge Metro Vietnam to Big C Thailand. Maga Market to expand in Thailand Mega Market Vietnam (new name of Metro Vietnam as from July 2016) is planning to invest in Thailand to expand its wholesale network. Mega Market Vietnam has 19 wholesale centres throughout the country as well as two depots for fresh v...

Big C Thailand has reported a revenue decline in H1 caused by decrease in retail sales of 1.3%. Like-for-like growth was a negative 2.9% and 4.0% in Q1 and Q2 respectively. Re-launching price commitment and pursuing quality of sales In Q1, the retailer re-launched its price commitment to strengthen its price perception. It consists of 5 price commitments: Price guaranteed promotions P...

Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. More investment in hypermarkets Though the company is keeping the current speed of expansion, more hypermarkets wi...

Big C has reported Q1 2016 revenues of THB 32,890m, down 1.1% compared to the same period last year. However, underlying performance appears to be gaining momentum. Second successive quarter of LFL sales improvements Despite posting a 2.9% decline in LFL store sales, Big C recorded a second sequential improvement in quarterly LFL sales. On top of this, food sales returned to positive LF...

Big C Thailand announced that Q4 sales declined 3.1% to THB 31.0bn (US$0.85bn), an improved performance on the previous quarter. Food volume grew but challenges to regain growth persist Big C saw an improving sales trend throughout the fourth quarter owing to its continued focus on products and price. Maintaining a steady performance in its core food business, despite food price deflati...

Big C in Thailand opens its new cost-efficient TBH1.7bn (US$47m) fresh distribution centre in Chachonengsao to complete its logistics and supply chain system whilst creating more than 1,000 local jobs, reports the Bangkok post. Strategic location The 20,000 sq m DC, opened in April, can help reduce truck journeys for suppliers as it is strategically located close to busy roads and most ...

Big C in Thailand has reported Q1 sales for the three month period ending 31 March, with sales up 1.9% to THB 29.8bn (US$888m). New stores drive growth with economic headwinds persisting During Q1 Big C opened four Mini Big C stores in Bangkok and five Pure Drugstores, with all of the growth arising from these new store openings. Despite a successful Chinese New Year trading period in Febru...

Big C Thailand has released results for its financial year to 31 December 2014 with sales up 3.1% to THB 121,845m (US$3,733.5m) and net profit up 3.7% to THB 7,235m (US$222.0m). Political unrest and new leadership Big C Thailand has driven what it described as a 'satisfactory' sales performance in its 2014 financial year, despite a challenging trading environment. Political unrest in the fi...