Thailand news & analysis

17 November 2020
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...
09 November 2020
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...
14 October 2020
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...
08 October 2020
Healthiful is a health-focused food store that first opened as a shop-in-shop in a Tops supermarket at CentralPlaza Chaengwattana. The retailer has just launched a new stand-alone store that includes a café under the Healthiful banner. Cafe designed to attract health-conscious group Source: Central Food Retail The cafe offers a wide range of health...
16 September 2020
Big C's sales declined by 6% year-on-year for the half of the year, as non-food retail areas were closed and hours were limited due to night-time curfew. The retailer is making plans for the future to return to growth and prevent further business disruptions. Strategies for adapting to new normal The retailer has listed four priorities for growth post the crisis: Product assortment: f...
18 August 2020
Central Retail Corporation reports a total Q2 revenue of THB41,376m (US$1,327m) and a net loss of THB2,519m (US$81m), driven mainly by government measures to control the COVID-19 pandemic. Store closures in non-food segment The main decline came from the fashion segment with revenues falling by 47.6% year-on-year due to government measures to close stores in Thailand and Italy. Revenue from...
18 August 2020
BJC’s consolidated revenue for Q2 2020 reached THB38,604 (US$1,239m), declining by 13.2% due to lower sales across most of its segments except healthcare. Grocery retail segment was also adversely impacted due to COVID-19 measures. Grocery retail sales decreased by 11.7% BJC recorded sales of THB25,698m for its grocery retail business, a drop of THB3,292m (US$106m) or -11.7%. Same-store-sal...
17 August 2020
The vending machine is launched inside a gaming studio in a neighbourhood mall, Samyan Mitrtown, on 16 th August 2020. First and only self-service vending machine from Starbucks The machine provides classic drinks like Espresso, Americano, Latte and Caramel Macchiato in hot or cold versions. Non-coffee drinkers have the options for hot or iced chocolate. Shoppers can customize their drinks...
12 August 2020
For the first time, ASEAN Day will include the launch of the inaugural ASEAN Online Sale Day on 8 August. An initiative for retailers to showcase their products The new initiative is supported by many retailers across the Southeast Asian markets. It is a way to encourage retailers to embrace digitalisation to reach more consumers and access new markets. Source:...
27 July 2020
Central Food Retail Group, which operates Central Food Hall and Tops supermarket in Thailand, has unveiled a new concept at Central Plaza Westgate. Premium lifestyle supermarket Tops market Westgate has gone through a major renovation to become the retailer’s latest model for a premium lifestyle supermarket. It is in line with Central Plaza Westgate’s strategy to expand its customer base an...