Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Thailand retail sector.

 

Thailand Latest News - Inside Retail Asia

Hungry Foodpanda eats up rivals

Online food delivery service Foodpanda.com has gobbled up six rival services across Asia. The Rocket Internet subsidiary recently secured US$60 million in a capital funding round and his wasted little time investing in rivals to boost its market share. The businesses bought, with business descriptions provided by TechInAsia.com,  are: Just Eat in India – This deal pertains only to the Indian segment of UK-based Just Eat. Along with Foodpanda’s recent TastyKhana buy-up, Foodpanda n…

Marketing boost for Thai malls

Thailand’s Mall Group will invest more than 2 billion baht ($US61 million) this year to stimulate customer spending. In an interview with the Bangkok Post newspaper, executive VP Chamnarn Maytaprechakul said the company aims to boost sales to 53 billion baht ($1.6 billion) in 2015. The Mall Group owns Siam Paragon, the Emporium complex and The Mall, all in Bangkok. Adjacent to the Emporium, two new malls are under construction – EmQuarter and EmSphere, which will open during the next two…

Thais’ bold plan for Vietnam chain

Having bedded down its acquisition of 49 per cent of Vietnam’s Nguyen Kim electrical goods retailer, Thailand’s Central Group has now revealed the partnership has a five year business plan. The companies say they want Nguyen Kim to become “the top consumer electronics retailer in Vietnam and the Southeast Asian region”. That plan includes expanding the store network from the current 20 nationwide to 50 by 2019. The two did not reveal ambitions for the brand outside Vietnam, but Cen…

Line app gets into groceries

Social media and chat app Line is getting into the grocery retailing market with the launch of an online supermarket for Southeast Asia. Line, with 181 million monthly active users at the last count, will launch the supermarket service first in Thailand on February 4, reports TechInAsia.com. It promises discounts on some everyday groceries that people need to stock up on often, such as bottled water, coffee, and instant noodles. There will be free delivery for Thai shoppers. Thailand is on…

Aeon plans 500 Thai stores

Japanese retailer Aeon is planning to increase its supermarket network in Thailand to 500 outlets by 2020. But this year it has scaled back its expansion plans due to what it considers to be a subdued retail market. Aeon currently has 76 supermarkets in Thailand most trading under the MaxValu brand, shops which are larger than convenience stores but smaller than full scale supermarkets. Many trade 24 hours. The company had planned to open 30 new stores this year but now says it will ope…

Hooters in major Asian roll-out

Hooters of America has signed an extensive development agreement to open 30 new Hooters QSR restaurant locations throughout Southeast Asia over the next six years.

Marimekko to open two Asian flagships

Finnish homewares specialty retailer Marimekko is to open new flagship stores in Bangkok and Singapore. The move marks a continuation of a concerted push into the Asia-Pacific region. Over the last three years Marimekko has expanded into China, Hong Kong, Taiwan, Australia and New Zealand. In the first quarter of this calendar year the brand will open company-owned stores in Singapore’s new Capitol Piazza mall and in CentralWorld, Bangkok, which attracts as many as 150,000 shoppers per d…

Pizza Hut to double Thai network

Pizza Hut Thailand plans to double its store network within five years. In an exclusive interview with The Nation newspaper, the new GM of Pizza Hut Thailand, Sabina Rizvi, says the company has a five year strategic plan to double its current 97-strong network and to achieve double digit profit growth. “We want to more than double the number of our Pizza Hut stores in Thailand in the next five years. We will invest more than half a billion baht (US$15.3 million) in our five-year expansion.…

Thailand’s Central expands Vietnam footprint

Thailand electrical goods and home entertainment operator PowerBuy has made a strategic investment in Vietnam. PowerBuy’s parent Central Group, has bought a 49 per cent stake in Nguyen Kim, the highest profile electrical goods trader in Vietnam, which has 23 stores nationwide. Nguyen Kim is known for its high profile locations, noisy store-front promotions and generally high prices amongst Vietnamese consumers. But its brand strength has given it solid market share – as high as 40 per ce…

Thai chain plans 100 new cafes

Thai coffee chain Doi Chaang is to open about 100 new franchised cafes across the nation this year, cashing in on growing consumer demand for premium coffee. It also plans further expansion in the Asean region, where it currently has 10 branches in Malaysia, one in Myanmar and one in Indonesia. A second will open in Myanmar this year along with a first cafe in Laos. GM Jarern Wuiyue told the Bangkok Post newspaper the company wants to be operating in all Southeast Asian countries by 2020. …

Berli Jucker’s Vietnam Metro deal stalls

Thai company Berli Jucker’s plan to buy German Metro Group’s Vietnam unit has stalled after shareholders voted down the necessary resolution at an extraordinary meeting. BJ’s shareholders unanimously rejected the plan to spend  €655-million (25 billion baht), fearing the company would face high financial and litigation risks due to additional conditions relating to the settlement of the deal. Last August, BJ reached an agreement with the German business to buy its Vietnamese opera…

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…