Thailand news & analysis

Big C's total revenue from retail sales, rental and service income for Q1 drops to THB 28bn (USD 811mn), -14.9% over the same quarter last year. This is largely driven by a 20% decline in same store sales. Trend for same store sales improved from H2 2016 Big C has been cutting out unprofitable sales due to deep discounting via cash vouchers and bulk volumes. The focus on quality of sales ha...

Tesco remains fully committed to supporting the growth of its businesses in Southeast Asia, identified as strategic locations for the Group. Investment reflects confidence in Thai economy Tesco Lotus operates more than 1,900 stores in 73 provinces, with an online presence in Thailand. The retailer has planned 100 stores in various formats, including hypermarket, supermarket and convenience....

After Berli Jucker became Big C's majority shareholder in March 2016, a series of changes were introduced. Some of these included discontinuation of unprofitable categories, investment in fresh food and the testing of new formats. After a period of consolidation, the retailer is ready to expand its network. Expansion to focus on revamped mini Big C and hypermarket Big C revamped the mini Bi...

Charoen Pokphand (CP) will acquire Modern Sevel, the controlling company of the 7-Eleven Indonesia convenience store outlets for IDR one trillion (US$75 million). CP Indonesia, a division of Thai conglomerate CP Group expects to complete the purchase by June this year. Indonesia's retail regulation driving key decisions Indonesia's retail landscape is highly completive, but heavily shaped...

Tesco's preliminary results for its FY2016/17 show that its Asian operations grew 4.0% at constant exchange rates and 1.8% on a LFL basis - a positive result, when compared to total group sales, which increased 1.1% at constant exchange rates and 1.0% on a LFL comparison. However, performance was mixed and slowed in H2, signalling that there is more work to do. Thailand: strong growth and port...

Tesco has made two significant changes to its leadership team, with the appointment of new CEO's for both its Asian and European businesses. Tony Hoggett to become CEO of Tesco Asia Tony Hoggett, the existing chief operating officer for Tesco in the UK, has been promoted to CEO for the retailer's Asian business. Hoggett joined Tesco in 1990 and has extensive operational experience in both t...

Honestbee has been rolling out its on-demand grocery delivery service in rapid succession around Southeast Asia. After launching in Indonesia and Malaysia last month, it has just added Thailand to the fold. Villa market is key grocery partner All of Villa market outlets including its bistro and cooking studio will offer delivery service through Honestbee. The service provider has been tr...

Big C reports a lower total revenue of THB121bn (US$366m) for FY2016, while profit margin increase Significant change in operations With Berli Jucker Company (BJC) on board as a major shareholder last year, Big C introduced a fundamental change in the way they operate. They decentralised their store operations team to become the “Thai retailer with a heart”. By localising their offer, ...

Tesco has reported impressive figures for its third quarter and Christmas trading periods, with strengthening growth in the UK and underlying improvements in many international territories. The results mean that Tesco now expects it could deliver full year operating profits slightly ahead of the consensus forecast of £1.2bn. Headline LFL results   Q3: 13 week...

Lawson, Japan’s leading convenience store operator, has reported a 6.1% increase in consolidated operating revenues, while its operating income has dropped 7% in the third quarter of 2016. Sales increase while income dips For the third quarter of 2016, Lawson has seen net sales of its c-store business grow by 4.4% to JPY 1,617,505m (US$ 14,149m). Its gross operating revenue has also increased...