Thailand news & analysis

07 October 2019
Tesco in Asia reports a 54.1% growth in profit to GBP171m. Positive sales in Asia Sales in Asia grew strongly, 8.4% year on year, to GBP2.56 bn, although the growth was registered as 1% on constant exchange rate. Like-for-like sales fell by 1.3% due to the reduced sales of general merchandise. Price investment in fresh food products and own brand expertise drove sales growth in Malaysia. In...
02 October 2019
Tesco has announced H1 results, with group sales rising by 0.1%, or by 0.4% at constant exchange rates. Like-for-like (LFL) sales fell by 0.4% at a group level. As part of the announcement, Tesco also said that its group chief executive, Dave Lewis, was to step down and would leave the business in summer 2020. Headline results Group sales: +0.1% to £28.3 bn (+0.4% at constant exchange ra...
16 September 2019
Tesco joins leading European retailers, including Marks & Spencer, Aldi and Carrefour, in selling only cage-free eggs in Asia. Taking the lead in Asia Since 2016, the retailer had already pledged to be cage-free by 2025 in the UK. This had been extended to Asia following investigations into Asian egg suppliers by animal protection organisation, Lever Foundation. Other food companies includi...
13 September 2019
Central Food Retail appoints new CEO to move company into a new era of borderless retail and digital technology. Changes to senior management at Central Food Retail Central Group has announced the appointment of Stephane Coum as Chief Executive Office of Central Food Retail Group, alongside his position as President of Central Food Retail Company Limited. Prior to joining the organisation, ...
30 August 2019
We visited Central Food Retail’s Farmers Market, called Jingjai Market, which is part of a Tops Market in Khon Kaen last week. Khon Kaen is a rural city in the northern region of Thailand. Source: IGD Research   Jingjai Market is a new social initiative by Central Group to build local communities and improve their quality of life. There are two parts to the market: a section with fres...
12 August 2019
Tesco Lotus has partnered Shopee to launch its shop on the online platform in Thailand. Another channel to better serve customers Launched on 8 th August, Shopee users can now buy more than 10,000 items supplied by Tesco Lotus in Thailand. The online store covers more than 10 categories, including electrical appliances, fresh food, household, dry grocery, bakery and health and beauty pro...
17 July 2019
Saha Group, which operates in consumer goods (Lawson convenience stores), fashion, textiles and services, will launch its first unmanned store in Thailand within three months. Technology-led store Saha’s first unmanned store under the banner “His & Her” is 100 sq m. It uses facial recognition, QR code reading and radio frequency identification technologies invested by the company. The store...
08 July 2019
Alison Horner, CEO of Tesco Asia, shared the region’s plan to maximise the mix in a meeting for investors and analysts at its head office in the UK. Reset for growth in Asia: max the mix According to Alison Horner, Thailand’s urban population of 43.9% in 2010 will rise to 58.4% by 2030. Tesco Asia has reached 69% of the population in Thailand and Malaysia, representing significant growth op...
08 July 2019
Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...
27 June 2019
Saha Group, which operates Lawson convenience stores in Thailand, will collaborate with Thai advertising firm VGI Global Media to expand into subway stations and airports. Cooperative will launch this week Saha Lawson will own 60% of the venture, VGI will own 30% and the remaining 10% will be held by Saha Group. The partnership will be registered with a capital of THB20m (US$645,000). Fo...