Foodland, plans to expand lots over the next five years
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Expats’ favorite supermarket, Foodland, plans to expand lots over the next five years. The chain has doubled its yearly investment budget to THB500 million to open four or five new grocery stores and add three new types of restaurants to their roster.
Some of the new locations are already open. There is now a Foodland at The Street community mall on Bangkok’s Ratchadaphisek Road. Another Foodland opened yesterday at Rama 3’s The INT Intersect community. A third is opening soon at the Terminal 21 in Nakhon Ratchasima. The other locations have not yet been announced.
Foodland’s new restaurants will include a Japanese ramen chain, a Hong Kong-style roasted-goose dining spot and a Singapore-style street food restaurant.
Chief executive officer Somsak Teerapattanakul said, “As I am getting older, I want to speed our expansion as much as possible. Starting from next year, we plan to open four or five new Foodland stores for five consecutive years,” Somsak said.
These expansion plans means that the company’s sales might reach THB10 billion in 2017, which would be 25 percent higher than the THB8 billion they should hit this year.
Questions & Answers
Q.What is Foodland's new annual investment budget for expansion?
What is Foodland's new annual investment budget for expansion?
Foodland has doubled its yearly investment budget to THB500 million. This funding will support the opening of new grocery stores and the addition of three new restaurant types over the next five years, according to the article.
Q.Where are the new Foodland locations that have already opened or will open soon?
Where are the new Foodland locations that have already opened or will open soon?
A new Foodland is now open at The Street community mall on Ratchadaphisek Road, and another opened yesterday at Rama 3’s The INT Intersect. A third location is opening soon at Terminal 21 in Nakhon Ratchasima.
Q.What types of new restaurants does Foodland plan to introduce?
What types of new restaurants does Foodland plan to introduce?
Foodland plans to add three new types of restaurants to its roster. These will include a Japanese ramen chain, a Hong Kong-style roasted-goose dining spot, and a Singapore-style street food restaurant, enhancing their offerings.
Q.What sales target is Foodland aiming for in 2017 due to its expansion plans?
What sales target is Foodland aiming for in 2017 due to its expansion plans?
Foodland's expansion plans aim for sales to reach THB10 billion in 2017. This would represent a 25 percent increase compared to the THB8 billion they expect to achieve this year.
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