Central Retail earmarks Bt18 bn for expansion

[rooster59]

Central Retail earmarks Bt18 bn for expansion

By THE NATION

 

Chief executive Yol Phokasub

 

Central Retail Corp (CRC) will invest Bt18 billion in expanding its markets this year.

 

 

Its plans for each country are as follows:

 

• Thailand: Opening three Robinson Lifestyle branches, seven Thai Watsadu stores and three Baan and Beyond stores, as well as expanding its food and specialist outlets

 

• Vietnam: Opening another six Big C / Go stores, refreshing four others and expanding non-food businesses such as LookKool, Kubo and SuperSports

 

• Italy: Refurbishing stores in Florence and Rome, with the focus on leadership in the lifestyle luxury segment.

 

Chief executive Yol Phokasub said that, amid financial uncertainties posed by the global and Thai economic slowdown, the strong baht, the Covid-19 outbreak, reduced tourist arrivals and declining consumer confidence, CRC must exercise caution in its operations, closely monitor the issues and use technology to manage costs effectively.

 

CRC revenues grew 8 per cent last year to Bt222.7 billion and profits increased 11 per cent to Bt12.36 billion.

 

Source: https://www.nationthailand.com/business/30383037

 

-- © Copyright The Nation Thailand 2020-02-29

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[keith101]

20 minutes ago, rooster59 said:

• Thailand: Opening three Robinson Lifestyle branches, seven Thai Watsadu stores and three Baan and Beyond stores, as well as expanding its food and specialist outlets

We need all of these in Uttaradit but probably wont even come under consideration .

The closest to us is the next Province south Phitsanoluk 140 km away . Tesco Lotus is the only true supermarket we have and is now very expensive . 

Edited February 29, 2020 by keith101

[tonray]

Likely using the proceeeds from the IPO on the 20th....but IPO price at 42 and tradingt yesterday at 31.5....lots of <deleted> off investors who believe the IPO price was greatly exaggerated to generate excess capital....this one will not be forgotten. 27% loss in 8 days including staff who were encouraged to buy in at 42 pre IPO...lots of ticked off folks