Thailand news & analysis

In this round up we look at expansion plans, online market size prediction as well as partnership news from three online retailers in Asia. RedMart: raising US$100m for expansion RedMart, a Singapore-based online grocery retailer, is reported to be in the advanced stage of discussions related to closing a US$100m investment which will fuel its expansion in Asia. Established in 2011, ...

Casino saw broadly flat organic growth in the fourth quarter of 2015 – at -0.3% – as total sales contracted by 11.2%, dragged down by strong negative currency effects in relation to its Latin America-based operations, to reach €11.79 bn. France: performance remains positive and stable In its home market Casino maintained the positive growth that it saw in the third quarter, with total sales...

Tesco has released a highly encouraging set of Christmas and Q3 results which demonstrate the rapid and far reaching turnaround of the business in both the UK and international markets.  1.3% UK LFL Christmas growth Tesco's UK LFL result (for the six weeks to January 9th) is the strongest of the major players of this reporting season, providing clear proof that Tesco's complete overhaul of...

Big C Thailand announced that Q4 sales declined 3.1% to THB 31.0bn (US$0.85bn), an improved performance on the previous quarter. Food volume grew but challenges to regain growth persist Big C saw an improving sales trend throughout the fourth quarter owing to its continued focus on products and price. Maintaining a steady performance in its core food business, despite food price deflati...

Big C in Thailand has revealed plans for how it plans to reinvigorate and fund growth in the business next year. Strong focus to remain on expansion and price The retailer is aiming to continue expanding its network in 2016, opening six hypermarkets, three Big C Markets and 75 Mini Big C stores. The development will mark a slight slowdown in store openings, but most likely at least maint...

Casino and DIA have created a joint venture, called ICDC Services, to improve buying terms with major suppliers of national branded food products. Boosting competitiveness Casino and DIA will offer suppliers access to a portfolio of global services, such as data sharing and country development assistance, as well as combining their expertise and links between geographic locations and store ...

AEON plans to increase the number of products in its private label ranges by around 2,300 items by fiscal 2017, as it seeks to grow in southeast Asia. New products in Thailand and Malaysia AEON will work with local manufacturers to develop and introduce products under its Topvalu label over the next two years. In Thailand, AEON intends to increase the range to 800 products from the curr...

CP Group has announced plans to expand both its Siam Makro Cash & Carry and CP Fresh Mart banners internationally and domestically. Siam Makro targeting Myanmar, Vietnam and Indonesia CP Group-owned wholesaler Siam Makro has confirmed that it is exploring expansion into three key priority ASEAN markets, with feasibility studies on Myanmar already completed and market entry now reliant on...

Tesco in Thailand is looking to strengthen its balance sheet, as well as the destination status of its hypermarkets, by investing THB 1.6bn (US$450m) to reshuffle retail space over the next two years. Up to 36 hypermarkets upgraded over the next two years Tesco Lotus' strategy is to develop more mall space around its hypermarkets to generate both new revenue through rental income, as wel...

E-commerce retailer Lazada is planning a one month sale in six South East Asian countries as part of its annual 'Online Revolution' event. Over 10 million products to half a billion customers The promotion will run from November 11 until December 12 and will reach 550m customers in Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. It will feature flash sales, exclusi...