CP All in USD433m drive to expand store operations
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Thailand’s retail company CP All Plc has earmarked THB14 billion (USD432.6 million) to expand its convenience and cash-and-carry store operations this year on the back of economic recovery and high consumer spending power.
Of the total budget, THB9 billion will go to its own 7-Eleven convenience store expansion and the remaining THB5 billion to its subsidiary Siam Makro Plc, which operates Makro cash-and-carry stores.
CP All plans to open 600 new convenience stores and improve its existing outlets, while Siam Makro will open 10 new Makro branches.
Questions & Answers
Q.What is the total investment CP All is making to expand its store operations this year?
What is the total investment CP All is making to expand its store operations this year?
CP All is investing THB14 billion, which is equivalent to USD432.6 million. This budget is allocated for expanding both convenience and cash-and-carry store operations during the current year.
Q.How will the allocated budget be distributed between CP All's different store formats?
How will the allocated budget be distributed between CP All's different store formats?
THB9 billion will be spent on expanding CP All's own 7-Eleven convenience stores. The remaining THB5 billion is designated for its subsidiary, Siam Makro Plc, to expand its Makro cash-and-carry stores.
Q.What specific expansion plans does CP All have for its 7-Eleven and Makro stores?
What specific expansion plans does CP All have for its 7-Eleven and Makro stores?
CP All plans to open 600 new 7-Eleven convenience stores and also improve existing outlets. Siam Makro will open 10 new Makro cash-and-carry branches as part of its expansion strategy.
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