Thailand news & analysis

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...
21 April 2016
Wholesaler Siam Makro has announced plans to open new stores in Thailand, as well as invest in overseas expansion in 2016. New stores in Thailand, Cambodia, Laos and Vietnam Siam Makro, owned by Thai conglomerate CP ALL, will invest 9 billion baht (US$258 million) in opening 20 stores in Thailand this year, as well as expanding in South East Asia. Approximately a third of the money ...
21 April 2016
Tesco Lotus in Thailand has set out plans to open 65 stores this year, refresh existing stores and invest in its online operations. Thailand is now Tesco's largest market outside the UK The new store openings will span both small and large format stores and see the company employ an addition 3,000 people. As well as the new store openings, Tesco Lotus will refresh 18 stores and expand it...
14 April 2016
Groupe Casino has reported a fall of 11% in first quarter revenue, to EUR9.7bn, affected by exchange rate fluctuations in Latin American markets. Excluding the exchange rate effect, group sales were up 1.5%. Asia treated as discontinued Given that the Thai business has been divested and Vietnam is under negotiation, Casino has treated the Asia segment as a whole as discontinued. Consol...
12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
29 March 2016
The pan-Asian retail group Aeon Mall plans to expands its footprint in Asia by opening new shopping malls in Indonesia and Vietnam, and evaluating potential opportunities in Laos, Myanmar and Thailand. Plans to open nine new stores by 2020 Aeon Mall opened its first store in Indonesia in 2015 and the group is planning to open five new malls in Jakarta under its 2020 strategy. It will al...
09 March 2016
Casino has reported a 1.6% increase (at constant exchange rates) to EUR46.1bn in group consolidated net sales for 2015.  France: "marked recovery" in H2 Recovery in France in the second half, particularly from Géant Casino, Leader Price, and new concepts at Franprix and Supermarchés Casino, drove organic growth. Chief executive Jean-Charles Naouri said competitive price positioning and ...
03 March 2016
Central Group, the parent of Central Food Retail, Thailand's fourth largest grocery retailer, is to invest US$1.1bn in expanding its business. Expansion of Tops and FamilyMart banners The investment will help Central Group open new shopping malls, department stores, hotels and supermarkets in the year ahead. The company plans to open 420 new retail stores in total, including the expansio...
02 March 2016
7-Eleven’s Thai operator CP ALL and 7-Eleven Malaysia have revealed FY2015 results, with their revenue growing by 9.3% and 3.9% respectively. CP ALL strong performance and further expansion plans CP ALL, the 7-Eleven franchise holder in Thailand, sees FY2015 consolidated revenue up 9.3% to THB406bn (US$11.4bn) and net profit increasing by 34.3% to THB13.7bn (US$380m). The group curr...
16 February 2016
Japanese e-commerce giant Rakuten will shut down its marketplace in Singapore on 1 March 2016, which will be followed by further closures of its operations in Malaysia and Indonesia. South east Asia strategic overhaul The closures across three ASEAN countries are part of Rakuten’s new transformation strategy. The company is planning to shift its operations in the region from a business...