Mega stores to offer big discounts as New Year gift

BANGKOK, 28 Nov 2014 (NNT) – The Ministry of Commerce has given a New Year gift to Thai people today by managing to convince retail stores to offer discounts during the New Year season.

Fifteen suppliers and retail store operators with more than 12,000 branches have agreed to provide customers with discounts of 20-70 percent for consumer products, stationeries, kitchenware and electrical appliances. The convenience stores, super stores, and hypermarkets joining the campaign include Central, the Mall, Robinson, Food Land, Tops Super Market, Big C, Tesco Lotus, Family Mart and Seven Eleven.

Commerce Minister General Chatchai Sirikalya admitted he himself was also happy with the result of today’s meeting, since it meant that the Ministry had succeeded in giving a New Year gift to Thai people.

Nonetheless, he asked consumers not to take the opportunity to stockpile the discounted goods for price speculation, saying that they’d better buy the products for consumption purposes or as gifts for their special ones.

A press conference will be held on December 17th. The campaign will start from December 24th to 30th. General Chatchai disclosed that there were many other things the Ministry of Commerce was planning to realize as New Year gifts for Thai people.


-- NNT 2014-11-28

the present no one really wants........... ...this could have been done with some real integrity like NO VAT for 6 months etc etc etc but why bother; these elite numptys want the people beggin for 50 satang discount on mama noodles

also regarding the electrical items etc ..IT HAPPENS EVERY YEAR its called the end of Year Sale

At the point of a NCPO gun. If I remember correctly, they were ordered encouraged to make the discounts.

Even 7/11 which probably makes about 5% margin.

Non of that populist stuff with these guys then!

Discounts at the end of the year to get rid of last year's stuff is standard procedure.

It will all be Chinese made crap,where the profit margins are very high,

discounts on stuff nobody really wants.another great idea.

regards Worgeordie

I wonder how they "Convinced" them to do so ?

I'm sure that'll impress foreign investors

I wonder how they "Convinced" them to do so ?

I'm sure that'll impress foreign investors

Foreign visitors will be used to it since stores in other countries always offer discounts during the holiday season.

Some discount, raise the price 50%, then

give the fools a 30% discount.

So the same discounts that appear to be on offer every other day of the year?

Yay!!

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

I wonder how they "Convinced" them to do so ?

I'm sure that'll impress foreign investors

Foreign visitors will be used to it since stores in other countries always offer discounts during the holiday season.

Agreed but not at the suggestion of the Government

Actually I see the up to 70% discounts flyer everyday

Khun Government,

Give me a break...do I look stupid (don't answer that) as I see discount signs for 20%, 70%, even 80% off all the time. Easy to offer such discounts on overpriced items or on fantasy full retail prices ...and the merchant is probably still making a profit on even a supposedly 80% off sale or he so hopelessly overstocked on a certain item he willing to let it go at the price he paid for it.

Considering most goods have 100-120% markup from cost price there's no such thing as a bargain and the retailer is never the loser.

Discounts at the end of the year to get rid of last year's stuff is standard procedure.

...not in Thailand...here it's a gift...and the economy works different...as many other things ...

the outcome is the same...though be grateful.

by managing to convince retail stores to offer discounts during the New Year season.

Maybe it should read, by making the retail stores an offer they couldn't refuse.

Lucky the Thai people are that the current government announced some time ago that a populist regime is a bad thing, and that they would not go that way.

We were told back in August that something similar was going to happen then but there was no evidence of it when the time came.

Bullshit baffles brains in Thailand and as long as you've got plenty of the former to spout at people who lack much of the latter, then you're on a winner !

Translation;

Retail sales have slumped.

Mega retailers always do sales for Xmas and New Year Period

Since sales have slumped, ministry and mega rich have come with marketing campaign to make it look like this year is different.

Discounts at the end of the year to get rid of last year's stuff is standard procedure.

Spot on !!! New Year sales have been taking place all over the world for many years, including in Thailand. But this year the government is taking the credit. Yes, they may be trying to promote the sales to stimulate the economy, but does any thinking person actually believe that the Commerce Ministry had to "convince" retailers to offer them?

I feel like I need a shower after reading that.

A nonsense trolling post has been removed.

same as in the west, bring in low quality items just for the sale ?

Despite all of the neopolitico responses...should I buy my washing machine today or is next tomorrow the way to go?

The fact that laundering of the closes is eminent what can a poor consumer do (aside from hand washing)?

Simply bullsh*t

We'll become the.....

HUB of DOOR BUSTER SALES!

It's vote buying and if others were doing it, people would be screaming corruption because political parties are organising gifts and freebies to get people to love them.

Discount for XXXXXpired goods with this years labels.....

Go to most of the stores websites, your greeted with 'SHOCK SALE' up to 70% off, looking at a number of them yesterday...

Some may have already gone shopping to Big C as from 6 AM this morning was/is a Shock Sale for 1 day..

At the point of a NCPO gun. If I remember correctly, they were ordered encouraged to make the discounts.

Even 7/11 which probably makes about 5% margin.

7/11 makes 100% margin.

It even has distributors (like coke/pepsi) print special high prices on the bottles they sell.

The gift of consumerism that just keeps on giving .. until you finally run out of credit.