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
Festive hamper market heats up as retailers vie for consumer spend
The festive hamper and gift market is witnessing a surge in competition, with major supermarket chains and beauty brands leveraging aggressive campaigns and attractive offers to boost consumer spending during the Christmas holiday season. Following a full recovery from the pandemic’s impact on the retail sector, a substantial budget has been set aside this year to mark the inauguration of…
- 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…
- 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…
- Business News
Foot Locker kicks off its Thai journey, stepping into youth-driven sneaker scene
Foot Locker, the renowned speciality athletic retailer based in New York, launched its first store in Thailand, targeting the youth demographic and aiming to invigorate the sports shoe/sneaker market. The announcement came from Deepak Tomar, country general manager and director of MAP Active Adiperkasa, the official licensee for Foot Locker in Thailand, who revealed the store’s opening in the Siam…
- 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
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…
- Thailand News
Thailand’s Central Group finalises acquisition of luxury retail chain Selfridges
Thailand’s Central Group and Signa Holding have finalised their deal to acquire luxury retailer Selfridges Group from the Canadian Weston family. Selfridges is famous for its iconic luxury department store on London’s Oxford Street. The Central Group has been operating for 75 years and is owned by the billionaire Chirathivat family, who sits at No.5 on Forbes Thailand’s 50 Richest…
- 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…
- 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…
- Economy News
Finance ministry to consider incentives to stimulate shopping, retail sector
Thailand’s finance minister says his ministry is ready to consider retailers’ proposals for tax breaks on shopping to stimulate domestic spending. The ministry has assigned related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, Uttama Savanayana said yesterday. His remarks come after retailers asked the government to apply a shopping tax break…
- 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
‘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
The next batch of reopenings in Thailand, coming this Sunday
We should find out more today about the next raft of re-opening for Thailand’s businesses. The Centre for Covid-19 Situation Administration has been consulting with the private and public sector to make the next move as Thailand reboots its economy in a second phase of re-openings. The Thai cabinet will meet today to discuss the proposals. Dr. Taweesin Visanuyothin says…
- 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…
- 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…
- Bangkok News
Central’s new Suvarnabhumi lifestyle centre set to open late August
PHOTO: Central Pattana Central Village, a new luxury retail outlet situated near Suvarnabhumi International Airport, is 70% finished. Wallaya Chirathivat, deputy chief executive of Central Pattana, says the new lifestyle shopping precinct is scheduled to open on August 31. Central says that retail space in Phase 2 have now opened after Phase 1 of the retail development was totally booked. They report…
