Thailand news & analysis

09 December 2019
In a surprise development, Tesco has announced that it has put its businesses in Thailand and Malaysia into a strategic review, a move that could that result in their sale sale to another retailer or to private equity. Early stage of evaluation Tesco said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and M...
06 December 2019
The Mall Group, which operates Gourmet Market in Thailand, is spending more than THB1bn (US$32.9m) to expand its business in Bangkok and the suburban areas. Stand-alone premium supermarkets focus The retailer will invest THB350-500m (US$11.5m - US$16.5m) annually to build new Gourmet Markets outside the Mall complexes. Another THB200m (US$6.6m) will be spent on upgrading two Home Fresh Mart...
05 December 2019
Big C, operated by Berli Jucker, has set aside THB6.5bn (US$214m) to expand in Thailand and overseas. Confidence in domestic market The retailer will invest THB5.5bn (US$181.3m) in Thailand to open five to seven new Big C hypermarkets and 300 to 400 mini Big C stores in 2020. Another THB500m (US$16.5m) will be spent on IT facilities. It will also be studying the feasibility of opening “town...
13 November 2019
Berli Jucker (BJC), operator of Big C in Thailand, reports a decline in total consolidated revenue of 0.1% for Q3 2019. Decline attributed to lower retail sales Its retail division, which consists of Big C grocery stores and Pure drugstores, recorded total sales of THB27.3bn (US$900m) for Q3 2019, a decrease of -1.4% over the same period last year. Same store sales slowed down to -4.9% year...
07 October 2019
Tesco in Asia reports a 54.1% growth in profit to GBP171m. Positive sales in Asia Sales in Asia grew strongly, 8.4% year on year, to GBP2.56 bn, although the growth was registered as 1% on constant exchange rate. Like-for-like sales fell by 1.3% due to the reduced sales of general merchandise. Price investment in fresh food products and own brand expertise drove sales growth in Malaysia. In...
02 October 2019
Tesco has announced H1 results, with group sales rising by 0.1%, or by 0.4% at constant exchange rates. Like-for-like (LFL) sales fell by 0.4% at a group level. As part of the announcement, Tesco also said that its group chief executive, Dave Lewis, was to step down and would leave the business in summer 2020. Headline results Group sales: +0.1% to £28.3 bn (+0.4% at constant exchange ra...
16 September 2019
Tesco joins leading European retailers, including Marks & Spencer, Aldi and Carrefour, in selling only cage-free eggs in Asia. Taking the lead in Asia Since 2016, the retailer had already pledged to be cage-free by 2025 in the UK. This had been extended to Asia following investigations into Asian egg suppliers by animal protection organisation, Lever Foundation. Other food companies includi...
13 September 2019
Central Food Retail appoints new CEO to move company into a new era of borderless retail and digital technology. Changes to senior management at Central Food Retail Central Group has announced the appointment of Stephane Coum as Chief Executive Office of Central Food Retail Group, alongside his position as President of Central Food Retail Company Limited. Prior to joining the organisation, ...
30 August 2019
We visited Central Food Retail’s Farmers Market, called Jingjai Market, which is part of a Tops Market in Khon Kaen last week. Khon Kaen is a rural city in the northern region of Thailand. Source: IGD Research   Jingjai Market is a new social initiative by Central Group to build local communities and improve their quality of life. There are two parts to the market: a section with fres...
12 August 2019
Tesco Lotus has partnered Shopee to launch its shop on the online platform in Thailand. Another channel to better serve customers Launched on 8 th August, Shopee users can now buy more than 10,000 items supplied by Tesco Lotus in Thailand. The online store covers more than 10 categories, including electrical appliances, fresh food, household, dry grocery, bakery and health and beauty pro...