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Thai retailers bullish

Thailand may now be ruled by a self-appointed military dictator, but easing political tensions are reviving retailers’ confidence.

Foodland Supermarket plans to open four new stores beginning next year to seize on the raised purchasing power when the Asean Economic Community takes effect in 2015, reports Bangkok Post.

Foodland Supermarket’s next opening is planned for Victoria Garden community mall on Phetkasem Soi 69 in November.

Robinson Department Store also plans to open another six new stores over the second half this year in Chachoengsao, Roi Et, Samut Prakan, Prachin Buri and Mukdahan provinces.

Central Group is also pinning hope on ongoing political stability, targeting sales of 267 billion baht ($8.4 billion) this year.

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