Thailand news & analysis

09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
03 January 2020
Central Retail Corporation aims to raise up to THB81.1bn (US$2.7bn) in an initial public offering (IPO) at THB40-48 per share. 3 years in the making Yol Phokasub, CEO of Central Retail Corp, said the company had been preparing for three years to list by restructuring to fit with regulations, strengthening its core business and creating a new platform. Central Retail Corp will include Robins...
02 January 2020
Thailand has banned the use of plastic bags at major supermarket chains. The government aims to move towards a complete ban of plastic bags at all retailers from 2021. Increased public cooperation 75 department stores, convenience stores and other shops with more than 24,500 branches nationwide have agreed to stop giving plastic bags away for free. "Thailand was ranked sixth among the worl...
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 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 Malays...
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...