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Falling sales by Tesco Thailand impacted the UK parent company’s first half results released overnight. Like-for-like sales across Asia – which also includes the neighbouring Malaysia stores – fell by 4.8 per cent, explained by the company’s decision to exit…
Tesco Lotus plans a major marketing push for the remainder of this year as it tries to boost sluggish sales. A core plank of the plan is a four-day Tesco Lotus Expo to be held at Impact Muang Thong Thani from November 9-12, the first time the retailer has…
Tesco Asia’s sales growth stalled in the third quarter as Thais stopped spending during the mourning period for their late king. First quarter growth was 3.3 per cent and second quarter growth 3 per cent. But during the third quarter, according to results…
Tesco Thailand is not for sale, the parent company’s CEO Dave Lewis has committed during a visit to Bangkok. “I’m here to look at the expansion plans.” After Tesco UK sold off its Malaysian subsidiary in 2015 and its Turkish operation earlier this year, there…
Tesco Thailand aims to double its online shopping sales annually for the next three to five years. Local digital and online business director for the UK-owned Tesco Lotus business, Wanna Swuddigul, told The Nation newspaper Thai shoppers are looking for…
Thai retail chain Tesco Lotus plans to continue expanding with at least 65 new stores this year, despite the market being sluggish. “We saw a small improvement in the market in terms of local consumption, but we are optimistic the Thai market is still…
Jakarta-based HappyFresh is bringing its operations to the Philippine market by the second quarter of 2016. Manila is the online grocer’s fifth market in Asia, following Indonesia, Malaysia, Thailand and Taiwan. Isabel ‘Pao’ Barientos, former chief operating…
Embattled Tesco achieved a record market share in Thailand in the latest quarter – as Asia shined in a mixed set of financials. Analysts appeared in agreement that the UK’s largest supermarket operator delivered patchy results overnight, despite the solid…
Big C was at the centre of the previous shake-up when it bought the Thai arm of Carrefour, another French retailer, in 2011. Carrefour Thailand’s network of 42 stores helped make Big C the No 2 player in the hypermarket segment, second only to Tesco Lotus.…
There seems little prospect of the Tesco Thailand business – trading as tesco Lotus – being sold or scaled back in the wake of the British JV partner’s sale of its South Korean Homeplus business last week. Tesco PLC is under intense pressure to reduce debt…
Grocery delivery app HappyFresh has launched in Thailand, with further expansion into Taipei planned for this month. The app made its debut in Kuala Lumpur and Jakarta in March. Next on its expansion program are Manila in October, followed by Surabaya and…
Tesco Lotus Thailand is teaming up with CAT Telecom to offer a mobile virtual network service. The deal will see Tesco Thailand selling SIM cards to its 3 million Clubcard loyalty program members and other customers and marketing cellular network services…
Discount retailer Tesco Lotus said it saved a million plastic bags in the first day of a government campaign to stop use of disposable sacks on the 15th of every month. The Department of Environmental Quality Promotion has enrolled 15 retailers in the…
Regardless of the shortage of clear indicators of a restoration in shopper spending, The Mall Group expects 10% retail gross sales progress within the first half of this yr. Government vice-president Chamnarn Maytaprechakul stated the group’s retail gross…
