Central Retail Corporation (CRC) has achieved V-shaped recovery in the third quarter of 2020, 87% Q1 sales level. The retailer reports Q3 revenue of THB47,573m (US$1,577m) and a net profit of THB746m (US$24.7m). Food segment sales supported by Vietnam growth Vietnam food business grew +0.4% for Q3 while Thailand registered -18% decline compared to last year. Overall, the food segment is -11...

Thai legislators approve Charoen Pokphand Group (CP Group)'s acquisition of local retail business of Tesco with conditions. Ban on other modern trade merger for three years The Office of the Trade Competition Commission (OTCC) said that CP will not be allowed to enter another merger, except for ecommerce, for three years. It will also have to buy more products from local small and medium en...

Big C launches a campaign to offer 10-40% discounts on 25% of essential goods at more than 1,600 Big C stores. Prices are top of shoppers’ minds Besides cutting prices on essential goods, the retailer will also cut prices of 14 food items on the menu at food courts by 50%. Pattaphong Iamsuro, Chief Commercial Officer of Big C Supercenter, said, "consumer spending power has not returned to p...