Thailand news & analysis

05 July 2016
Uni-President Enterprises, one of the largest conglomerates in Taiwan, has set a target to significantly boost its sales in Southeast Asia within the next few years. Double or triple the sales in the region Uni-President currently operates the 7-Eleven convenience store chain in Taiwan, the Philippines, and China. The company recognises the exciting opportunities backed by the large po...
28 June 2016
Tesco’s Thai operator Ek-chai Distribution System has revealed that it will expand its online shopping channel and aim to double internet sales this year. Robust online sales performance Tesco Lotus has seen sales and orders of fresh food via its online channel increase significantly and the company expects its online sales to at least double from last year. Wanna Swuddigul, the company'...
24 June 2016
Thailand’s leading food retailer Central Food Retail has announced that it will allocate Bt.6.5bn (US$183.8m) to expand its store network over the next five years. Aim to reach 600 stores by 2021 Central Food Retail, which is part of Thailand’s conglomerate Central Group and is celebrating its 20th anniversary this year, has committed the investment capital to opening new stores. It’s aimin...
23 June 2016
Tesco has reported total group like-for-like sales up 0.9% for the 13 weeks to 28 May 2016, including a second quarter of positive growth in its core UK operation.  Boosted by clear volume growth of +2.2% and transactions up 1.7%, UK like-for-likes were +0.3%, though slightly down on the +0.9% seen in the previous quarter.  Meantime international sales were solidly ahead with like-for-likes of 3....
30 May 2016
Central Watson, the operator of Watsons Thailand, has allocated THB1bn (US$28m) to open 250 new stores over the next five years.  Investment split across both new and existing operations  Central Watson will increase its investment budget to THB480m to expand its retail business this year. About THB200m will be used to open new stores in Bangkok, key tourist destinations, and other major ...
18 May 2016
Big C unveils its expansion plan of USD140-160m. The retailer is going to open 6 hypermarkets, mainly in the Northeast and South of Thailand, three Big C Market stores upcountry, including in the Northeast and about 75 Mini Big C stores, of which 50 will be through franchising. More investment in hypermarkets Though the company is keeping the current speed of expansion, more hypermarkets wi...
11 May 2016
Thailand's Central Group is to sell its 25% stake in Big C Supercenter to TCC Group. Will help fund Vietnamese acquisition Central Group is selling its stake for a reported THB50bn (c.USD1.4bn) to TCC Group, which acquired Big C Thailand from Casino in March this year. The transaction will help fund Central Group's own purchase of Big C Vietnam , which was revealed at the end of Apri...
10 May 2016
Leading Asian retailer AEON has revealed its full year 2015 results, reporting that operating revenue increased by 15.5% to JPY 8.2tn, while operating profit increased by 25.2% to JPY 177.9bn. Growth in all segments Supermarkets and discount stores operating revenue rose by 20.9% to JPY 3.1tn. Here, the priority has been on restructuring stores and developing new store formats, whi...
04 May 2016
Big C has reported Q1 2016 revenues of THB 32,890m, down 1.1% compared to the same period last year. However, underlying performance appears to be gaining momentum. Second successive quarter of LFL sales improvements Despite posting a 2.9% decline in LFL store sales, Big C recorded a second sequential improvement in quarterly LFL sales. On top of this, food sales returned to positive LF...
26 April 2016
Casino's e-commerce business, Cnova, has reported a 6.6% fall in net sales for Q1 (at constant currency) to EUR742m. Focus is on largest markets Net sales were up 15.3% at Cdiscount France to EUR465m, but fell at Cnova Brazil to EUR274m. In March, Cnova completed the disposal of Cdiscount Vietnam to Big C Vietnam, and of Cdiscount Thailand to the Thai conglomerate TCC Group. Cnova's fo...