Thailand Latest News - Inside Retail Asia

Tesco mum on Asia

Tesco investors have been left none the wiser on the retail giant’s plans for its Asian operations after the much anticipated quarterly briefing Thursday. But the news was not great overall for the Asian business in the 19 weeks to January 3. In Asia, total sales declined by 1.5 per cent at constant rates, with like-for-like sales declining by 4.6 per cent. Tesco CEO Dave Lewis said in a statement that market conditions across the region “remain challenging”. “In Thailand, sa…

Thai consumer confidence soars

Thai consumers are more confident than at any time in the last 18 months according to a new university survey. Long running political protests had sapped confidence before May’s military coup and for several months afterwards consumers were still spooked by a nighttime curfew and martial law, the latter of which remains in place to prevent political rallies. But the University of the Thai Chamber of Commerce reports this week the consumer confidence index reached 81.1 in December, well u…

New Mega Market near Thai border

A new hybrid hypermarket concept has opened on the Thai side of the border with Laos to cash in on the growing number of consumers shopping in Thailand. The store – MM Mega Market takes up 10,000sqm in the Asawann Shopping Complex II, which is just 4.4 km from the Thai-Lao friendship bridge in the Nong Khai province. It blends hypermarket and wholesale concepts with customers free to buy in bulk or a single unit. MM Mega Market was built by TCC Logistics and Warehouse Co, a division of …

LuLu plans SE Asian money shops

LuLu Group, the Emirates-based retail group, is looking to open a network of money exchanges in southeast Asian countries. According to media reports in the Gulf, Lulu Group plans money exchanges in Thailand, Vietnam and the Philippines, where it opened a liaison office late last year. The company had already announced plans to open hypermarkets in Malaysia and Indonesia and now, according to reports, Hong Kong is on its radar also. LuLu Group had earlier scheduled its first Malaysian h…

Thai TV shopping channel aims high

A Korean-Thai joint venture home shopping TV channel expects to break even within 26 months – faster than any sister joint ventures in other Asian markets. O Shopping Channel now boasts 450,000 customers across Thailand, mostly younger, cashed-up housewives in the 25 to 50 demographic – this despite a 10 day enforced shutdown after Thailand’s military dictatorship seized power in May. It expects revenue to increase by 50 per cent in 2015, to 1.5 billion Thai baht (US$45.4 million). O is …

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