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Thailand’s Central Retail Corporation plans to invest $1.1 billion in Vietnam in the next five years to expand its stores network. It said Vietnam’s wholesale and retail sector grew 7 percent year-on-year in the last quarter of 2020, and growth is likely to…
Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b.…
Central Retail has invested US$3 million to build Tops Market’s first standalone supermarket, on Bangkok’s Pattanakarn 30. Catering to the residential areas in Eastern Bangkok, the new standalone supermarket spans 3400sqm, housing more than 17,000 items…
Sports brand Reebok has appointed CRC Sports, a subsidiary of Central Retail, as its sole distributor in Thailand. According to CRC Sports, it will take responsibility for e-commerce operations and the wholesale distribution of Reebok, pushing growth…
Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam. Thailand’s Central Retail, its owner, began the process on March 1 by changing the names of three Big C outlets in…
Thailand’s Central Retail group plans to merge its two department-store businesses – Central and Robinsons. According to CRC, the merger is part of the company’s strategy to be the first omnichannel department store in Thailand. However, the company will…
Central Retail has taken full control of the FamilyMart Thailand business, a precursor to expanding the network in the country. Currently, FamilyMart has just 1000 convenience stores, largely centered in the capital city of Bangkok. That’s a fraction of the…
Thailand’s Central Retail Corporation achieved 8 percent revenue growth last year to US$7.1 billion and an 11-per-cent boost in profit to $394.7 million. CEO Yol Phokasub said the improvement reflected “robust platforms” in every country in which it operated:…
Central Retail Corporation has announced plans to to double its online sales to THB10 billion (US$315.76 million) this year. Central’s CEO Nicolo Galante said the firm intends to lead in the omni-channel e-commerce business, overtaking Shopee. “Non-food…
Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer…
“Genuine revolutions in food retailing are rare, but we’re living through one now.” That’s the view of Joanne Denney-Finch, CEO of the food and grocery researcher IGD, speaking who addressed last week’s Asia Pacific Retailers Convention and Exhibition (APRCE)…
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the…
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