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Retail Asia15/09/2017

Conglomerate Central Group has taken a step toward an omnichannel strategy by launching a cross-border e-commerce luxury brand experience it claims is a world first. It has introduced access to its luxury-brand websites through messaging app WhatsApp as part of its vision of integrating online and offline shopping channels, says Central Group chairman/CEO Tos Chirathivat. […]

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Retail Asia10/04/2017

Bangkok luxury mall Central Embassy has unveiled a new space, Open House, where customers can eat, work, study or just relax – even take a nap. Covering the entire top floor, Central Embassy Open House offers 7000 sqm of open-concept “co-living space” beneath high ceilings, with glass panels all around offering city views. As well […]

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Retail Asia20/03/2017

Thai ambassador to Cambodia Nuttavudh Photisaro says Central representatives have already studied the proposed site, not yet revealed publicly. “By investing in a shopping mall, they hope the trade volume between the two countries will increase,” says Nuttavudh. CBRE Cambodia associate director Ann Sothida says shopping malls still have a chance to grow in Cambodia […]

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Retail Asia13/03/2017

hai retail giant Central Group aims to raise the share of its e-commerce sales to 15 per cent over five years, up from the present 1 per cent. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion in the digital realm this year. About 10 per cent of […]

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Retail Asia21/11/2016

Thailand’s Central Group plans a $30 million investment for its Vietnam expansion in the next five years. Central Group Vietnam will double the number of supermarkets as well as develop 13 commercial complexes by 2021. The Thai-based retailer has been expanding rapidly in Vietnam since 2013 targeting middle class customers. Since then, the group has […]

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Retail Asia31/10/2016

Big C Vietnam says it will close its eCommerce site Cdiscount by the end of December. The closure appears to be part of a policy change from Thailand’s Central Group after it bought the supermarket chain in April in a US$1.14 billion deal. The company will soon change the chain’s name and it has other […]

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Retail Asia19/10/2016

Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in Southeast Asia, says CEO Tos Chirathivat, citing Cambodia, Laos, Myanmar and Vietnam. He expects overseas revenue to […]

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Retail Asia26/09/2016

The Lazada and Zalora parent is paring back its losses after divesting operations in two markets. With operating losses nearly halved and excluding disposals in India and Southeast Asia, Global Fashion Group (GFG) has reported a 36.3 per cent rise in net revenue. Backed by Rocket Internet and comprising online fashion retail businesses in emerging […]

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Retail Asia06/08/2016

Vietnamese eCommerce site Lingo.vn closed suddenly yesterday, without a word of goodbye to its legion of Vietnamese fans. The closing of Lingo.vn was clearly a sudden decision, especially as it had been running a promotion on its Facebook page, which was supposed to last until today, (August 3). According to an inside source, the company […]

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Retail Asia15/07/2016

Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020. This was revealed in the latest market study by global technology research and advisory company Technavio. Its research report, Thailand Retail Market 2016-2020, offers an analysis of the market in terms of […]

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Retail Asia28/06/2016

Former Rocket Internet subsidiary Zalora Thailand is to morph into an omnichannel retail business under its new owner Central Group. Zalora Thailand CEO Ali Fancy said in an interview with eThailand the online store plans to become Thailand’s largest fashion retailer after its merger with Central Group subsidiary COL, a process expected to take about […]

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Retail Asia28/06/2016

Tops Thailand parent Central Food Retail has committed Bt6.5 billion (US$183 million) to open new stores during the next five years. At a function marking the Central Group’s supermarket subsidiary’s 20th anniversary this week, president Alistair Taylor said the company plans to add about 70 new stores annually to reach 600 by the end of […]

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Retail Asia06/06/2016

A Central Department Store app has been launched to keep customers informed about in-store promotions, aiming to drive traffic in the lacklustre market in Thailand. In the Thai language, Central Smart Shopper lets users key in such factors as date, store branch and budget. It then shows a list of available promotions from about 20 […]

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Retail Asia26/05/2016

Thai retailer Central Group said it will put a hold on its acquisition spree in Vietnam, after the recent aggressive expansion in the country, to focus on making profit over the next three years, according to different media reports. The recent forays in Vietnam include the establishment of three Robins Department Stores, the acquisition of a […]

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Retail Asia23/05/2016

After acquiring supermarket chains in Vietnam, Thai retail groups have started strengthening the distribution of products from Thailand to the detriment of Vietnamese labels. Central Group and BCJ Group now have more than 50 supermarkets and convenience stores in Vietnam, and VietnamNet reports that more than half of the retail market share in Vietnam is […]

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Retail Asia18/05/2016

Thailand’s Central Group is a step nearer to settling on Big C Vietnam after selling its stake in Big C Thailand to a rival retailer. Central has accepted an offer from rival TCC Group for its 25 per cent holding of Big C Supercenter, reported to be worth at least 50 billion baht (US$1.4 billion). […]

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Retail Asia02/05/2016

Thai retail conglomerate Central Group has won the bidding battle for Groupe Casino’s Big C Vietnam business. Groupe Casino has confirmed Central paid €1 billion (US$1.14 billion), which will be used to pay down debt. That price is as much as $300 million more than the French retailer reportedly expected to get for the business […]

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Retail Asia28/04/2016

Central Group is set to buy Zalora’s businesses in Thailand and Vietnam, according to reports. Zalora is a fashion-focused e-commerce site. Central Group’s assets, which include multiple shopping malls and national department store chains, are worth close to $10 billion and it employs some 70,000 people. The deal to buy the country businesses from Zalora […]

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Retail Asia13/04/2016

One of Vietnam’s largest private tech firms, FPT Corporation is planning to sell a large stake in its retail and distribution units, providing an opportunity for regional players to buy into the fast-growing Vietnamese market. Funds from the sale will be used to help with mergers and acquisitions (M&A) in the information technology area. At […]

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Retail Asia28/03/2016

Thailand’s Robinson Department Store aims to invest about 16.8 billion baht (US$479 million) on opening stores over the next five years with the aim of boosting average sales growth by 5 to 7 per cent a year. Majority-owned by Central Group, Thailand’s largest retail conglomerate, Robinson plans to boost store numbers to 56 by 2020 […]

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