Tag Archives: Thailand

Thailand’s biggest shopping mall set to open in Bangkok

Photo from: https://www.iconsiammandarinoriental.com/

(Source: Asian Nikkei Review | October 4, 2018) The biggest commercial complex yet in Thailand will soon open on November 9, dubbed as Iconsiam—featuring a department store operated by Japan’s Takashimaya serving as the core tenant. The total floor space of about 520,000 sq. meters surpasses even retail giant Central Group’s CentralWorld mall in the Thai capital. Two luxury condo ...

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Thai 7-Eleven hits headwinds

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(Source: Inside Retail Asia | August 13, 2018) Thai 7-Eleven operator CP All has reported slowing profit growth, despite increased revenue. Net profit growth of 2.8 per cent was its weakest quarterly result in years, according to Thomson Reuters. Its net surplus was 4.78 billion baht (US$144.2 million). In the same period a year ago, growth reached 10.8 per cent. ...

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3rd-Gen Member of Thai Family That Owns ASEAN’s Biggest Mall to Address PH Retail Summit

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(Source: Entrepreneur.com.ph | July 30, 2018) A visit to Bangkok in Thailand is incomplete without dropping by two shopping destinations: Chatuchak weekend market and Central World shopping mall. While the former is well-known for its bargain finds, Central World has become a crowd-magnet for housing the largest flagship branches of some of the world’s most renowned retail brands such as ...

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Thailand’s Central Group mulls spinning off retail arm in IPO

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(Source: Inside Retail Asia | July 18, 2018) Thailand’s Central Group is considering a potential IPO of its retail assets, according to an anonymous leak. The private details, provided by more than one informant to local Thai media, suggest that the potential listing could include Central-owned department store businesses. They also revealed that a possible share sale could raise more ...

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Thailand’s Central Pattana invests US$3.1 billion in shopping centres

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(Source: Inside Retail Asia | June 11, 2018) Thai shopping centre owner Central Pattana says it is revitalising its premium malls to “pioneer future trends of retail and tackle the digital era”. Under a “five-year vision” it calls ‘Co-creating Center for Life” – a name which appears to have lost its actual meaning in translation from Thai – it will ...

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Chinese e-commerce giant Alibaba sets plans for Thailand

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(Source: Business Insider UK, AP | April 19, 2018) The Chinese e-comm shopping giant, Jack Ma, met with Thailand’s prime minister, Prayuth Chan-ocha, on Thursday and signed an agreement to help set up a “smart digital hub” to facilitate trade between Thailand, China, Laos, Myanmar, Cambodia and Vietnam. Reports said the hub, due to be completed next year, would also ...

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First Uniqlo Roadside Store opens in Southeast Asia

(Photo from: The Nation)

(Source: Business Mirror| April 3, 2018) The fashion trend has greatly evolved over the years. It is clear that today, the casual wear or prêt-à-porter (ready-to-wear) market has taken over the high-fashion couture labels. Obviously, people want clothes that are comfortable, practical, and can be mixed-and-matched. Consumers even have the power to shop online because these brick and mortar retailers ...

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Central Group pegs $6 billion for expansion

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(Source: Inside Retail Asia | March 6, 2018) Thailand’s Central Group plans to invest more than THB200 billion (US$6.3 billion) over the next five years on expanding its retail and hotel properties in Thailand and abroad. It is especially targeting Vietnam, where it expects its retail business to grow by four times over the period. The group aims for total ...

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TripAdvisor China partners with Thai retailers

07-16 TripAdvisor China partners with Thai retailers

(Source: Inside Retail Asia | July 7, 2017) Travel site TripAdvisor China has partnered with five retail groups in Thailand to further enhance the shopping experience for Chinese tourists in Bangkok. TripAdvisor says Chinese travelers show more interest in visiting Thailand than any other inbound market. Chinese users of its website continue to grow year-on-year by 56 percent. During the ...

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Central Group turns focus to e-commerc

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(Source: Inside Retail Asia | 7 March 2017) Thai retail giant Central Group aims to raise the share of its e-commerce sales to 15 percent (%) over five years, up from the present 1%. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion in the digital realm this year. About 10 % of ...

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