Thailand news & analysis

18 December 2020
Tesco has confirmed it has completed the divestment of its operations in Thailand and Malaysia to CP Group . The sale follows regulatory clearance from the Thai and Malaysian competition authorities . CP Group strengthened by Tesco deal CP Group operates across many industrial and service sectors. Its retail arm, CP Food combines vertically integrated agriculture and manufacturing of pr...
09 December 2020
Tesco expects to complete the divestment of its operations in Thailand and Malaysia to CP Group on or around 18 December. The confirmation follows regulatory clearance from the Thai and Malaysian competition authorities  and acceptance of the approval conditions by CP Group. Proceeds to shareholders and to improve pension fund The deal will allow Tesco to return c.£5 bn of net proceeds t...
18 November 2020
CJ Express Group is boosting its footprint to 1,500 stores, up from 530 stores it is currently operating. Three-year expansion before listing Founded in 2005 by Mr Sathien, CJ Express operates mainly convenience stores and some supermarkets in the central and the western provinces. The retailer plans to have 580 stores by the end of the year. "The retail business is not as easy as expected...
17 November 2020
Central Retail Corporation (CRC) has achieved V-shaped recovery in the third quarter of 2020, 87% Q1 sales level. The retailer reports Q3 revenue of THB47,573m (US$1,577m) and a net profit of THB746m (US$24.7m). Food segment sales supported by Vietnam growth Vietnam food business grew +0.4% for Q3 while Thailand registered -18% decline compared to last year. Overall, the food segment is -11...
09 November 2020
Thai legislators approve Charoen Pokphand Group (CP Group)'s acquisition of local retail business of Tesco with conditions. Ban on other modern trade merger for three years The Office of the Trade Competition Commission (OTCC) said that CP will not be allowed to enter another merger, except for ecommerce, for three years. It will also have to buy more products from local small and medium en...
14 October 2020
Big C launches a campaign to offer 10-40% discounts on 25% of essential goods at more than 1,600 Big C stores. Prices are top of shoppers’ minds Besides cutting prices on essential goods, the retailer will also cut prices of 14 food items on the menu at food courts by 50%. Pattaphong Iamsuro, Chief Commercial Officer of Big C Supercenter, said, "consumer spending power has not returned to p...
08 October 2020
Healthiful is a health-focused food store that first opened as a shop-in-shop in a Tops supermarket at CentralPlaza Chaengwattana. The retailer has just launched a new stand-alone store that includes a café under the Healthiful banner. Cafe designed to attract health-conscious group Source: Central Food Retail The cafe offers a wide range of health...
16 September 2020
Big C's sales declined by 6% year-on-year for the half of the year, as non-food retail areas were closed and hours were limited due to night-time curfew. The retailer is making plans for the future to return to growth and prevent further business disruptions. Strategies for adapting to new normal The retailer has listed four priorities for growth post the crisis: Product assortment: f...
18 August 2020
Central Retail Corporation reports a total Q2 revenue of THB41,376m (US$1,327m) and a net loss of THB2,519m (US$81m), driven mainly by government measures to control the COVID-19 pandemic. Store closures in non-food segment The main decline came from the fashion segment with revenues falling by 47.6% year-on-year due to government measures to close stores in Thailand and Italy. Revenue from...
18 August 2020
BJC’s consolidated revenue for Q2 2020 reached THB38,604 (US$1,239m), declining by 13.2% due to lower sales across most of its segments except healthcare. Grocery retail segment was also adversely impacted due to COVID-19 measures. Grocery retail sales decreased by 11.7% BJC recorded sales of THB25,698m for its grocery retail business, a drop of THB3,292m (US$106m) or -11.7%. Same-store-sal...