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How dated stores could be hurting Thai retail giant Big C’s sales rebound

A Big C supercentre in Bangkok. Photo by Supanut Arunoprayote
Big C, Thailand’s third-largest retail company, is rumoured to be laying the groundwork for an IPO, as reported by Inside Retail on 8 November. If it happens, a good slice of the funds needs to go into upgrading its store fleet, which is looking increasingly dated compared to some of its competitors. It is holding back growth at a time when sales should be rebounding strongly from the low bar set in 2020-21. There is some muted good news: in the first nine months of the year, the business enjo