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CP Group news

25 November 2021
Thailand retail sales were hit by lockdown in July and August. Consumer Confidence Index declined to lowest in August 2021 and GDP growth revised down to -0.5% according to Thai Chamber of Commerce. Berli Jucker’s Big C reports -4.6% decline in Q3 2021 vs Q3 2020 Retail sales for Q3 declined to THB22,805m (US$683m), a decrease of THB 1,094m (US$32m) driven by negative same store sales. Non-...
08 November 2021
In recent years, Asian retailers have been stepping up their sustainability efforts. Many retailers have initiated programmes to protect the environment and support local charities. We highlight five retailers in Asia which driving sustainability in Asia in this report , covering the strategy and case studies for: A.S.Watsons AEON Central Retail CP Group FairPrice Group ...
24 September 2021
CP Group will reorganise and merge Makro and Lotus’s chain of stores to create a stronger entity for overseas expansion. A more efficient growth strategy The group operates mostly wholesale stores under Makro, and hypermarkets, supermarkets and convenience stores under Lotus’s. The merger will strengthen the group's business and support long-term strategies to become a leader in the retail ...
20 September 2021
Southeast Asia's convenience channel is expected to grow at a CAGR of 9.1% from 2020 to 2022. Southeast Asia is a convenience hotspot It has the highest concentration of convenience sales relative to other regions. Its total convenience sales value in 2020 is US$36bn.   Source: IGD Research Convenience is growing in importance It will widen its lead over other physical chan...
31 August 2021
The first 7-Eleven Cambodia store opened officially on 30 th August. Key representatives at opening ceremony Source: CP ALL The opening was officiated by Mr Chairote Thiwat Muncharoen, Senior Executive Vice President, International Unit, CP All Public Company Limited. A simple opening ceremony took place due to the current COVID-19 situation. Other guest include  Lokjum Tiaoto Pil...
30 August 2021
The retailer is in the process of renaming its stores from Tesco to Lotus’s in Asia. Besides improving its operations and product mix, it has recently shared its plans to expand the chain in Thailand. Improving fresh food quality CP Group is leveraging the group’s strengths to improve the quality and selection of fresh food at Lotus’s. A lot of effort has been put into sourcing directly fro...
16 August 2021
The COVID-19 situation in Thailand has deteriorated and impacted sales in Q2 2021. As the third wave is more difficult to control, retailers expect that further restrictions in July will dampen results in Q3 2021.  Consolidated revenue for Berli Jucker (BJC) dropped -3.9%, driven mainly by retail sales decline BJC has reported a drop of THB3,296m (US$98.7m) or -12.8% for its Q2 retail sales...
24 June 2021
Lotus’s launches its first “Lotus Smart City Supermarket” concept in The Market Bangkok mall. Right in the middle of the city The store is located in a trendy mall near the Ratchaprasong intersection. It is within walking distance of Big C Ratchdamri and Central Food Hall Central World. This is a popular tourist destination with many retail businesses where even locals will go for shopping ...
08 June 2021
Last September, the retailer shared plans to open its first flagship store in Thailand in 2021 with its joint-venture partner CP ALL. However, the plans have changed, and it will only sell products through its partner. Adjusting business strategy to fit demand The retailer’s planned to open stores between 200-300 sq. m., with 20% of the products under the Guardian brand. The company is focu...
08 June 2021
After the acquistion of Tesco Lotus, CP Group has been transforming its stores in Thailand and Malaysia. Tesco Lotus Express stores, rebranded as Lotus's Go Fresh, is more focused on focuses on fresh produce and meat than before. In this article, we focus on the key changes and what it means for the retailer. A new look Lotus's Go Fresh stores are between 300-500 sq.m. Its first flagship co...