CP Group news

Thailand multi-format retailer CP Group has opened a new premium hypermarket called Lotus's Prive. This is in line with our global retail forecasts 2023, where we expect that retailers will bring back the magic of stores. Read the full report for the other trends  here . New store, new look The new design reflects a premium hypermarket to feature the unique elements of the store with a focu...

Lotus’s has opened a new hypermarket as part of a community mall in North Ratchapruek. It is a new concept that brings people together with lots of open spaces. New hypermarket with more imports The 4,500 sq. m store cater to the needs of affluent shoppers in the area. The store will carry imported beef and lamb from Australia, US, Japan as well as salmon and trout from Norway. Home electro...

We visited Lotus’s Ampang and caught up with the senior team at Lotus’s Malaysia to learn about the behind-the-scenes developments that have occured since the acquisition of Tesco Malaysia by Thailand's Charoen Pokphand Group (C.P. Group). 1. Lotus’s overall strategy Lotus’s will continue with the expansion plan, adding stores between 1,000 to 4,000 sq. m, in compliance with the Government'...

Lotus's has announced a sustainability policy called "Vision 2030. Actions every day". Part of its priorities as New SMART Retail leader Sustainability planning is in all dimensions of retail business as a leader of New SMART Retail, focusing on driving sustainable daily operations covering environmental, social and Corporate Governance (ESG) towards the United Nations Sustainable Developme...

With better tourism sentiment, higher spending power boosted by government stimulus, more private investment and rising consumer confidence, retailers are expecting growth to return to grocery retail from H2 2022. Lotus’s plans store openings in H2 Sompong Rungnirattisai, CEO of Lotus’s, said an investment of THB13bn (US$368m) is planned for the opening new Lotus's stores and refreshing exi...

Lotus’s has recently rolled out the second phase of their “ImbasBalik” campaign which translates to “flashback” to support their shoppers with the rising costs of inflation. The #ImbasBalik campaign The campaign was originally launched during Hari Raya this year, where the prices of 20 grocery products were rolled back to pre-pandemic levels for a six-week period. The campaign was well re...

Thailand retail sales were hit by lockdown in July and August. Consumer Confidence Index declined to lowest in August 2021 and GDP growth revised down to -0.5% according to Thai Chamber of Commerce. Berli Jucker’s Big C reports -4.6% decline in Q3 2021 vs Q3 2020 Retail sales for Q3 declined to THB22,805m (US$683m), a decrease of THB 1,094m (US$32m) driven by negative same store sales. Non-...

In recent years, Asian retailers have been stepping up their sustainability efforts. Many retailers have initiated programmes to protect the environment and support local charities. We highlight five retailers in Asia which driving sustainability in Asia in this report , covering the strategy and case studies for: A.S.Watsons AEON Central Retail CP Group FairPrice Group ...

CP Group will reorganise and merge Makro and Lotus’s chain of stores to create a stronger entity for overseas expansion. A more efficient growth strategy The group operates mostly wholesale stores under Makro, and hypermarkets, supermarkets and convenience stores under Lotus’s. The merger will strengthen the group's business and support long-term strategies to become a leader in the retail ...

Southeast Asia's convenience channel is expected to grow at a CAGR of 9.1% from 2020 to 2022. Southeast Asia is a convenience hotspot It has the highest concentration of convenience sales relative to other regions. Its total convenience sales value in 2020 is US$36bn.   Source: IGD Research Convenience is growing in importance It will widen its lead over other physical chan...