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Retail Asia21/02/2023

Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and provinces with the new investment over the next five years. Central Retail […]

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Retail Asia12/05/2022

Mr. Yol Phokasub, Chief Executive Officer of Central Retail Corporation PCL (CRC), announced “Central Retail has achieved success hitting record-high in Q4/2021 performance, with a revenue of THB 58,765 million +15%. EBITDA THB 8,031 million +42% and a net profit of THB 2,464 million +124%. We ended 2021 on a high note with profit of […]

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Retail Asia09/02/2022

Thailand’s Central Retail Corp. plans to invest 100 billion baht ($3 billion) over the next five years in a bid to become a top Asian retailer and more than double its revenue and profit. The new investment will help Central Retail grow its revenue by 2.5 times, earnings before interest, taxes, depreciation and amortization by […]

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Retail Asia17/05/2021

Thai group Central Retail says it achieved 90 percent of its pre-Covid sales performance in the March quarter, the result of what CEO Yol Phokasub described as “thriving on steadily regaining balance” during a time of challenges and uncertainties”. First-quarter sales were down 9.7 percent to US$1.56 billion, however, net profit was down 48.4 percent […]

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Retail Asia16/07/2020

Thai retail conglomerate Central Group plans to cover 90 percent of Vietnam’s provinces within five years via subsidiary Central Retail. Central launched in Vietnam in 2012, initially with fashion merchandising before taking stakes in local electrical appliance chain Nguyen Kim (which it now owns 81.5 percent of) and Lanchi Mart supermarket in 2015. As of […]

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Retail Asia03/04/2020

Thai supermarket Central Food Hall has begun using UV-C Disinfection Robots to sterilize stores in a move to combat coronavirus transmission. The firm is the first supermarket in the region to implement disinfection robots, certified by the WHO and CDC to sanitize areas around 360 degrees to destroy more than 99.99 percent of all pathogens […]

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Retail Asia31/03/2020

Thai retail property developer Central Pattana is to waive rent for tenants affected by the government’s shutdown order. The company said in a statement that it will waive the rent for tenants who have been ordered to shut by authorities and offer rent reductions ranging from 10 percent to 50 percent for stores that remain […]

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Retail Asia02/01/2020

Central Group subsidiary Central Retail Corporation, aims to raise up to THB81.1 billion (US$2.7 billion) in an initial public offering (IPO), which will be Thailand’s largest yet. Central Retail’s IPO price will range between THB40 to 48 per share. The company will sell up to 22.1 per cent of its stock or 1.69 billion shares […]

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Retail Asia15/04/2019

Makeup superstore Sephora has confirmed its widely anticipated return to Hong Kong in physical store form. The LVMH-owned cosmetics retailer will sublease a 4000sqft space in the Zara store at IFC Mall in Central, nine years after it closed its last store in the territory. Despite its physical absence in the market, Sephora Hong Kong […]

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Retail Asia13/02/2019

YSL launched a limited store for Valentine’s Day 2019 in Central, Hong Kong, featuring on WhatsApp sticker, photo booth, and games. Obviously, pink and cosmetics are many girls’ favourite. So pink lovers will fall in love with YSL latest limited pop-up store in Central as the store is fully decorated in pink. Not only visitors will have […]

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Retail Asia31/01/2019

Central, Hong Kong’s frenetic business and retail heart, crammed with skyscrapers, swanky malls and luxury hotels, is the most expensive district for renting office around the world. Although the office rent in Hong Kong’s Central district is already the world’s most expensive, and there are more and more companies moving out of the city centre […]

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Retail Asia02/10/2018

The JD Thai JV with Central Group has been formally launched this week under the brand JD Central. “Our partnership with Central Group – a one-of-a-kind union between China’s biggest retailer and Thailand’s strongest retail player – will provide Thai customers with a truly world-class e-commerce experience and guarantee 100 per cent product authenticity,” said […]

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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 […]

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Retail Asia23/03/2018

Hermes Asia sales grew 11.3 per cent last year to €1.946 billion (US$2.4 billion) as the luxury retailer set a new record for gross retail margin. The company said the retail market was improving in Hong Kong and Macau, with the Asian market “pursuing its upward curve” and positive outlooks in Mainland China and South […]

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Retail Asia12/01/2018

Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real estate company, Vingroup, starting expanding its Vinmart Plus convenience store chain in 2016 and […]

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Retail Asia10/01/2018

After forming an e-commerce partnership with China’s JD.com, Thai retail giant Central Group expects online sales to account for as much as 15 per cent of its revenue in five years’ time, from 2 per cent now. CEO Tos Chirathivat says the $500 million JV, announced in September, will help it compete in Southeast Asia’s […]

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Retail Asia02/11/2017

Online retailer The Garnered, which offers mainly handmade fashion, craft and design products, is showcasing its wares at a pop-up in Landmark in Central. In a first for Hong Kong, the London-based venture will have its creations on show until November 12. Former Selfridges head of fashion Anna Gardner launched the e-commerce site last year […]

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Retail Asia04/10/2017

Thailand’s Central Group is set to acquire the Dean & Deluca chain of deli-cafes outside the US from Thai luxury property developer Pace Development for US$50 million. The deal is in the due diligence process, says Pace, which acquired the chain through its subsidiary Pace Food Retail for $140 million in 2014. Dean & Deluca […]

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Retail Asia22/08/2017

Thailand’s Central Group has revealed plans to invest US$512 million in Vietnam over the next five years, to expand its retail operations. The company, which has acquired local businesses and is introducing its own Thai retail banners into the fast-growing market, is aiming to achieve sales growth of between 20 and 30 per cent annually […]

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Retail Asia16/08/2017

Central Pattana Public Company (CPN) had a second-quarter consolidated net profit of THB2.4 billion (US$74.6 million), up 8 per cent year on year. Total revenues grew by 6 per cent to THB7.62 billion. CPN, which manages 30 shopping malls, says its performance was resilient as its has continually placed great emphasis on effective revenue generation […]

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