retail
- Lifestyle
Temu Thailand review: Is it worth the hype?
Temu Thailand is making waves in the e-commerce industry, but what does it really offer? If you’re curious about this new player in the Southeast Asian market, you’re in the right place. In this article, we’ll investigate into the platform’s offerings, user experience, and whether it lives up to the hype. What is Temu Launched in July 2024, Temu is…
- Thailand News
Thailand new generation drive sales surge despite economic woes
Luxury retail has skyrocketed, with sales in the first half of this year soaring to four times the levels seen in 2019, before the Covid-19 pandemic hit, according to a market survey by The 1 Insight. This staggering growth comes despite a sluggish economy, thanks largely to the spending habits of new-generation shoppers. The 1 Insight report highlights the resurgence…
- Thailand News
Brewing trouble: Coffee brand percolates price hike due to costs
A popular coffee brand plans to increase its prices by 5% to 10% this month, citing rising production costs. This follows the recent price adjustment by Ajinomoto for its monosodium glutamate (MSG) products, which saw a 4% to 5% increase for packages of 250 grammes, 500 grammes, and 1,000 grammes. Somsak Pornratanacharoen, honorary advisor of the Thai Wholesale and Retail…
- Business News
Thailand’s retail sector expects double-digit growth driven by private consumption and online retail
Anticipating a robust year ahead, Thailand’s retail sector is poised for a double-digit expansion. The growth is primarily spurred by a surge in private consumption and the government’s stimulus measures, such as the Easy E-Receipt tax refund scheme and a boom in online retail. However, the rising cost of living is a cause for concern, as stated by the Economic…
- Business News
Thai Commerce Ministry plans new year mega sale
The Thai Commerce Ministry has unveiled plans for a new year mega sale, an extensive retail event, to alleviate living costs for the local population. The sale, which is being presented as a new year’s gift to the citizens, is set to take place at Muang Thong Thani from December 20 to December 24. The Commerce Minister, Phumtham Wechayachai, reported…
- Economy News
Commerce carnival: Ministry’s mega discount campaign aims to slash living costs for Thai citizens
In a grand gesture to ease the cost of living for Thai citizens, the Ministry of Commerce is joining forces with over 300 manufacturers, wholesalers, retailers, and convenience stores to roll out a colossal discount campaign. Scheduled to kick off on December 15 and last until January 15, 2024, this initiative is considered a new year present to the public…
- Thailand News
Carabao-Red Sun hops into the ring to challenge Thai beer titans
The beer market in Thailand has been invigorated by the introduction of a new player, Carabao-Red Sun, which aims to challenge renowned beer brands, Singha and Chang. The new entrant comes from the Carabao Group, led by Sathien Setthasit, and has already been launched across Thailand via Modern Trade stores. This new contender to the 2.6 hundred billion baht beer…
- Business News
Real estate giant Siam Piwat secures global partnerships to boost retail reputation
The Siam Piwat Group, a leading real estate and retail developer in Thailand, secured partnerships with seven global retail giants, boosting its reputation as a popular global destination. The group, which owns and operates several prominent shopping centres, including Siam Paragon, Siam Center, Siam Discovery, ICONSIAM, and Siam Premium Outlets Bangkok, has also been in talks with Hyundai Department Store…
- Pattaya News
Goodbye Family Mart, hello Tops: Thailand’s retail favorite gets a fresh aisle
The well-known Family Mart stores, a cornerstone of the local retail landscape for over 30 years, are set to be rebranded as Tops Daily in the heart of Thailand. The decision made by the Central Retail Corporation PLC (CRC) projected completion by the end of this year will bring an end to an era as it follows a decision to…
- Business News
Mall Group resumes Gourmet Market expansion as consumer spending rebounds
The Mall Group Co, a leading retail operator in Thailand, is set to resume the expansion of its Gourmet Market branches this year, as consumer spending shows signs of recovery in the wake of the pandemic. The company has invested 100 million baht in opening a stand-alone Gourmet Market branch at Design Village Bangna on May 7, after a three-year…
- Business News
China’s industrial output and retail sales miss forecasts, raising recovery concerns
China‘s industrial output and retail sales growth for April fell short of expectations, indicating the economy experienced a further slowdown at the beginning of the second quarter. This comes amid a series of recent data pointing to a shaky post-pandemic recovery. In April, China’s industrial output increased by 5.6% year-on-year, picking up pace from the 3.9% growth seen in March,…
- Business News
Thaifoods Group to invest billions in expansion and new retail outlets
Thaifoods Group Plc (TFG), a leading chicken and pig producer in Thailand, has announced plans to invest between 3 billion and 3.5 billion baht in expanding its business this year, with a particular focus on opening new retail outlets. Chief Operating Officer Phet Nantavisai stated that 2 billion baht of the investment will be allocated to the expansion of the…
- Property
Bangkok office owners face flood of new competition – CBRE
As the office sector experiences its lowest net take-up rate, Bangkok landlords should upgrade their existing properties and provide better and more flexible leases to lure renters, before a massive amount of new places start to open, stated consultancy firm CBRE Thailand. The pandemic has had the most significant impact on Bangkok office spaces since the 1997 financial crisis. “There…
- World News
Citi to sell consumer banking business in Southeast Asia to Singapore’s United Overseas Bank
Citigroup announced on Thursday its agreement to sell its consumer banking operations in Thailand, Malaysia, Indonesia and Vietnam to United Overseas Bank (UOB) for approximately US$2.97 billion. UOB stated that as part of the agreement, it will acquire Citi’s retail deposit divisions, loan portfolios and wealth management, in the four countries’ consumer banking sectors. “We are excited to announce this…
- Property
How the Covid-19 pandemic has changed the face of properties in demand
The Covid-19 pandemic has definitely changed the face of many things, including that of Thailand’s properties in demand. According to CBRE, a leading international property consultant, the resumption of real estate activities is in the near future. As Thailand is currently easing entry restrictions, the consultant says it is only a matter of time when the property market will pick…
- Covid-19 News
Bangkok’s shopping malls struggle under tourist ban, fierce competition
Suvarnabhumi, the name of Bangkok’s second international airport, means “realm of gold,” and was given by His Majesty the late King Rama IX to Bangkok’s eastern outskirts (technically in Samut Prakhan province), once a marshland called Nong Nguhao (Cobra Swamp). With its overtones of wealth, the name represents the hopes of developers, who are turning the area into a retail…
- Covid-19 News
Thai government urges the public to comply with contact-tracing system
The spokesman for Thailand’s Centre for Covid-19 Situation Administration, Taweeslip Wisanuyothin, says it’s vital the public complies with the government’s tracking and tracing system if the virus is to be suppressed. The country is currently recording daily new cases in single digits, most of them returnees and already in state quarantine. One of the 3 new cases today was a 25 year…
- Covid-19 News
Thailand’s Covid-19 numbers, 2 from Bangkok, one in Phuket
Today at his daily press conference, spokesperson Dr. Taweesilp Visanuyothin reported 3 new cases of the coronavirus in Thailand, bringing the total cases to 3,031. No additional deaths were recorded, leaving the accumulated toll at 56. Dr. Taweesilp reveals that of the new cases 3 cases reported, two were a man and a woman in Nonthaburi province (north west of capital)…
- Covid-19 News
Full list of businesses allowed to reopen this Sunday
Quick. Read it before it changes. The government has announced which types of businesses will be allowed to reopen on Sunday as it begins “Phase 2” of its 4 step plan to slowly unlock and reopen businesses closed across the country due Covid-19. Mind you this is the list published today. There’s a whole day tomorrow for everything to change…
- Covid-19 News
‘Thai Chana’ app to help track ‘safe’ retailers in a Covid era
The Ministry of Digital Economy and Society revealed the details of “Thai Chana”, (Thailand Wins) a smartphone application to facilitate safety for both customers and establishments during the Covid-19 era. The businesses must register for the QR code and place it in front of the shop on the website. Customers will log in by scanning their QR code. This can…
- Covid-19 News
May 17 target for shopping centres to re-open
The rumours have been flying since this week’s cabinet meeting about the next raft of re-openings as Thailand’s economy starts to plod back into gear. Now, after a meeting yesterday of the Centre for Covid-19 Situation Administration, there’s general consensus that shopping centres and retail stores will be able to re-open on Sunday, May 17. Of course the caveat is…
- Politics News
Thailand’s plastics industry wants the government’s help to keep afloat
There may be less plastic bags being handed out around Thailand, and that’s a good thing. But there’s been a down side – the failure of an entire industry and the people it employees. Now the Thai Labour Minister is being asked to step in and help the dozens of Thai plastic bag manufacturers which are at risk of closing…
- Bangkok News
The Suvarnabhumi shopping shambles
Retailers want ‘in’ at the world’s 21st busiest airport in the world. With through-traffic of 60 million+ each year, and growing, Thailand’s biggest retailers want a slice of the passenger spend. But if you can’t get a shop inside the airport, build your own shopping centre just outside to capture passengers, and some of their money, just before they arrive at the…
- Tourism News
Central opens first luxury outlet at Suvarnabhumi on August 31
Central Village, “Thailand’s first international luxury outlet”, located near Suvarnabhumi Airport in Bangkok, will officially open on August 31. The Nation reports that the design of the 5 billion baht facility, owned by the Central Pattana group, will “highlight Thai architecture and cultural identities” and shoppers will find at least 130 well known international luxury and lifestyle brands. “More than half…
