Tops Market Archives - Inside Retail Asia

Tops Thailand parent plans aggressive expansion

Tops Thailand parent Central Food Retail has committed Bt6.5 billion (US$183 million) to open new stores during the next five years.  

Central Retail in aggressive expansion

Thai retail group Central Retail is plotting a massive expansion with 260 new stores to open by 2014. Central plans to open 60 new Tops, Tops Market and Tops Daily stores and 200 FamilyMart convenience stores next year. The company is optimistic about its outlook for 2014 as more and more consumers attach greater importance to quality and safety and less importance to price, which, according to Central Food Retail president Alistair Taylor, benefits food retailers. Taylor says the compa…