Thailand news & analysis

Tesco Lotus plans to keep expanding new stores and spaces, adding around 55,740 sq m in retail space, according to a speech by Sompong Rungnirattisai, the newly appointed chief executive. Expansion in secondary districts This year the retailer plans to add around 55,740 sq m in retail space, an increase of 40% from around 40,000 sq m it added last year. The new spaces will be from opening n...

CP All, the operator of more than 10,000 7-Eleven stores in Thailand, will engage Remark Holdings to implement data and artificial intelligence support for the business. Widespread impact on various functions CP All will use the technology company's AI-based facial recognition and behaviour analysis tools to enhance customer support, business analysis, employee management and security. The ...

CP All, the operator of 7-Eleven stores in Thailand, posted a net profit of THB19.9bn (US$631.55m) for 2017, growing 19% over last year. Growth driven by store expansion and product mix Revenue from sales and services reached THB278.7bn, gaining 8.7% year-on-year. This is helped by the addition of 726 7-Eleven stores, reaching 10,238 in total.  However, gross profit margin declined from 28....

Saha Lawson, operator of Lawson 108 and 108Shop in Thailand, has announced plans to double the number of Lawson 108 outlets to more than 200 by 2020. 2020 target lowered... In 2017, Saha Lawson awarded franchise rights to Susco Plc to open Lawson stores at the oil retailer's petrol stations. The agreement was signed to help accelerate the expansion of Lawson's store network to 500 by 2020. ...

Thailand’s CP Group is planning to invest US$156m over the next five years to open a total of 15 outlets. A new banner created for India Charoen Pokphand Group (CP Group), through its retail subsidiary Siam Makro PCL, has announced its entry into the wholesale cash and carry business in India. It will create a new banner called Lots Wholesale Solutions for launch into this market. The in...

Tesco has reported encouraging Q3 and Christmas trading figures, particularly in the UK, as customers responded to a much improved fresh food offer. Christmas trading was however impacted by challenges in the tobacco category caused by the collapse of wholesaler P&H. Headline LFL results   Q3: 13 weeks to 25 Nov Christmas: 6 weeks to 6 Jan ...

Sompong Rungnirattisai will become the first Tesco Lotus CEO with Thai nationality. His most recent role was Chief Product Officer, looking after product development, quality control, buying, merchandising and supply chain. John Christie, who has led the group since 2012, will leave the group in February 2018, after a long career of 36 years with Tesco. Wide experience and strong track record ...

JD.com and Central Group have reached an agreement to set up a US$500m joint venture and plan to launch an online marketplace in Thailand next April. Central: Increasing ecommerce contribution to 15 per cent The partnership will enhance strategic co-operation in areas such as technology,  e-commerce, logistics, fintech, and international trade. The joint venture is in line with Central Grou...

Tesco has reported a highly encouraging set of interim results, with significant gains in sales and profits enabling the group to resume paying a dividend to shareholders for the first time in three years. Strong headline results Group sales: +3.3% to £25.2bn - seventh consecutive quarter of growth. LFL +0.8% UK LFL: +2.2% with volumes +0.3% and fresh food volumes +1.5% Group opera...

Tesco Lotus and Central Pattana Plc (CPN), the retail developer under Central Group, have set up a joint venture to co-develop property in the Thai market.  The 50-50 joint venture CPN told the Stock Exchange of Thailand that the company will set up a new joint venture company called Synergistic Property Development to support the business expansion. CPN holds a 50% stake in the joint ventu...