Copperwired adding .Life stores next year
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Gadget retailer Copperwired is set to invest THB165 million (US$5.036 million) opening 30 new .Life stores by the end of next year. The new .Life stores include a new 310sqm flagship at CentralWorld, described as the “largest gadget lifestyle shop featuring Internet of Things (IoT) technology in Thailand”, which opened in September.
The brand’s public listing on the Thai exchange is expected next year.
“With the adoption of 5G, the number of connected devices will increase, and IoT in the form of connected toys, smart homes and smart transport and new demand for product categories will rise accordingly,” said Copperwired CEO Paramate Rienjaroensuk.
The company expects .Life stores to boost its income by more than 20 per cent in the current financial year to more than THB800 million (US$24.414 million).
Questions & Answers
Q.What is the total investment Copperwired plans for its new .Life stores?
What is the total investment Copperwired plans for its new .Life stores?
Copperwired plans to invest THB165 million (US$5.036 million) in opening the new .Life stores. This investment is intended to establish 30 new locations by the end of next year.
Q.When did the new flagship .Life store at CentralWorld open and what is its size?
When did the new flagship .Life store at CentralWorld open and what is its size?
The new flagship .Life store at CentralWorld opened in September. This particular store is 310 square metres and is described as Thailand's largest gadget lifestyle shop featuring Internet of Things technology.
Q.What is Copperwired's income target for the current financial year from .Life stores?
What is Copperwired's income target for the current financial year from .Life stores?
Copperwired expects its .Life stores to increase its income by over 20 per cent in the current financial year. This is projected to bring the total income to more than THB800 million (US$24.414 million).
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