Central Retail

Retail Asia17/08/2023

Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b. “The company achieved a 30% sales growth in the fashion category, 9% […]

Retail Asia20/04/2022

Central Retail has invested US$3 million to build Tops Market’s first standalone supermarket, on Bangkok’s Pattanakarn 30. Catering to the residential areas in Eastern Bangkok, the new standalone supermarket spans 3400sqm, housing more than 17,000 items across seven zones, including Healthiful, Snacker, Asian Flavours and Petster. Tops Market Pattanakarn 30 offers omnichannel with personal shopper […]

Retail Asia30/03/2022

Sports brand Reebok has appointed CRC Sports, a subsidiary of Central Retail, as its sole distributor in Thailand. According to CRC Sports, it will take responsibility for e-commerce operations and the wholesale distribution of Reebok, pushing growth opportunities and aims to make Reebok one of the top five sports brands in Thailand. CRC Sports plans […]

Retail Asia05/04/2021

Thailand’s Central Retail Corporation plans to invest $1.1 billion in Vietnam in the next five years to expand its stores network. It said Vietnam’s wholesale and retail sector grew 7 percent year-on-year in the last quarter of 2020, and growth is likely to be strong this year, making it one of the most attractive markets […]

Retail Asia04/03/2021

Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam. Thailand’s Central Retail, its owner, began the process on March 1 by changing the names of three Big C outlets in HCM City, in An Phu […]

Retail Asia21/09/2020

Thailand’s Central Retail group plans to merge its two department-store businesses – Central and Robinsons. According to CRC, the merger is part of the company’s strategy to be the first omnichannel department store in Thailand. However, the company will continue to operate Central and Robinson as independent banners. “The business synergy will give the combined […]

Retail Asia29/05/2020

Central Retail has taken full control of the FamilyMart Thailand business, a precursor to expanding the network in the country. Currently, FamilyMart has just 1000 convenience stores, largely centered in the capital city of Bangkok. That’s a fraction of the 14,000-odd stores under CP All-owned rival 7-Eleven. “The acquisition of all the shares of FamilyMart […]

Retail Asia03/03/2020

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Thailand’s Central Retail Corporation achieved 8 percent revenue growth last year to US$7.1 billion and an 11-per-cent boost in profit to $394.7 million. CEO Yol Phokasub said the improvement reflected “robust platforms” in every country in which it operated: Thailand, Vietnam and Italy. “We increased market share in every product category, including fashion, food and […]

Retail Asia21/01/2019

Central Retail Corporation has announced plans to to double its online sales to THB10 billion (US$315.76 million) this year. Central’s CEO Nicolo Galante said the firm intends to lead in the omni-channel e-commerce business, overtaking Shopee. “Non-food businesses globally have been disrupted by digital transformation and are struggling against the likes of Amazon and Alibaba. […]

Retail Asia24/05/2018

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Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer Centricity in a Data-Driven World. Industry leaders including Alibaba […]

Retail Asia10/11/2015

“Genuine revolutions in food retailing are rare, but we’re living through one now.” That’s the view of Joanne Denney-Finch, CEO of the food and grocery researcher IGD, speaking who addressed last week’s Asia Pacific Retailers Convention and Exhibition (APRCE) conference in Manila. She believes the drivers of change are based on increasing population growth, especially […]

Retail Asia04/11/2015

Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the border with Myanmar. It follows a similar store which opened in Mukdahan, on the […]

Tag: Central Retail

Central Retail posts growth in revenue, profit

Central Retail invests US$3 million for Tops Market’s new model

Central Retail becomes Reebok’s sole Thai distributor

Thai retail giant to invest $1.1 bln for expansion in Vietnam

Big C brand name to be fully replaced by Tops Market, GO!

Central Retail to merge Central with Robinson

Central Retail takes full control of FamilyMart Thailand

Central Retail to invest US$575 million on expansion this year

Central Retail to double online after Shopee acquisition

Who’s who of retail CEOs at Consumer Goods Forum

Four trends to shape food retailing future

Robinson Thailand plans more border stores