Central Retail is pleased with the strongest Q2, earning 56,826 million baht, growing 23%, showing a plan to invest in the second half of the year. move forward to expand the business with a strong foundation
August 15, 2022 – Mr. Yon Phokasub, Chief Executive Officer of Central Retail Corporation Public Company Limited (CRC), said, “After opening the country in the third quarter of 2021, Central Retail has continued to grow strongly until the second quarter of this year. This is another time of challenge. Both inflation, energy prices and rising interest rates including the uncertainty of the COVID-19 situation that has come back to spread once more, but Central Retail is still steadily moving forward with its business and ready to grow by leaps and bounds. With a strong foundation and resilient corporate DNA and adjust quickly in every situation including having clear goals under the strategic framework of CRC Retailligence Thus, both short-term and long-term business operations are still in accordance with the plan. and is confident that it will be able to close this year 2022 with sales growth exceeding the target of 15-20%.
Recently, Central Retail is able to close the 2nd quarter results with revenue growth of 56,826 million baht (+23% YoY), EBITDA of 6,912 million baht (+69% YoY) and net profit of 1,605 million baht (+477% YoY). The proportion of sales by business segment is 39% food group, 36% hard line group and 25% fashion group. Still growing in double digits, accounting for 17% of total sales. Traffic back to department stores and shopping centers in the chain has seen a marked increase. and returned to have sales equivalent to before COVID-19 Although the number of foreign tourists will not return as before
for the growth picture at the national level It can be seen that Central Retail Vietnam is growing Continuous leap forward since 2012 when Central Retail began to do business in Vietnam. And this September will celebrate the 10th anniversary of Central Retail Vietnam, which is now the number 1 hypermarket. And the leader of lifestyle shopping centers under the brand GO! It is also the largest foreign retailer in Vietnam. From now on, we set a goal for 5 years to become the number 1 omni-channel platform in the food and property group of Vietnam, driving sales to 100 billion baht, increasing the proportion of Sales through Omni-Channel has doubled to 15% and expanded the business to cover 55 provinces across Vietnam from a total of 63 provinces with plans to carpet and expand the main business covering the country, such as increasing the number of stores in Food group, expand and upgrade the GO shopping center! modernize and develop mixed-use projects To increase the potential of the property business group and enhance the Omni-Channel platform to perfection. to meet the needs of all Vietnamese customers
For the second half of 2022, Central Retail aims for growth. and move forward to fully invest and expand the business as well as launching new business models covering all 3 countries in all business segments as follows:
Food Group launches Tops CLUB, a new business model for the first time in Thailand An empire that collects imported goods And more than 3,500 exclusive products from famous brands from around the world, sold only here. Meet the needs of high purchasing power customers Expanding Tops standalone model by adding 2 more branches following great success with Tops Market Pattanakarn 30 branch and Tops Food Hall Sukhumvit 39 branch, reinforcing its leadership in Urban Supermarket in Vietnam by opening Tops 2 additional markets in Ho Chi Minh City and opening 2 more go! Supermarkets, namely Baria and Binh Duong branches, resulting in 2022 Vietnam will have 10 Tops Market and 4 go! Supermarkets.
Fashion Group opens 2 more Robinson Department Stores, namely Thalang (opens 25 August) and Ratchapruek (opens October), resulting in 2022 totaling 51 Robinson Department Store branches, renovating 4 Central Department Stores, namely Rama 2, Ladprao, Chidlom. and Ramintra, the renovated Rinacente department store in Italy, 2 branches: Milan and Rome Fiume, the new Central Chidlom Department Store, the new Central Ladprao Department Store, the Robinson Department Store Thalang branch opened on 25 August and the Robinson Department Store Ratchaphruek branch to open this October. Renovate the Rinacente department store, the Milan branch and the Rome Fiume branch.
Hard Line Group opens Thai Wassadu and Thai Wassadu x BNB Home Hybrid Format, adding 8 branches, such as Bangsaen, Nan, Bang Bon branches, making this year 2022, there are all 67 branches of Thai Wassadu x Thai Watsadu x BN B Home Hybrid Format Bangsaen Branch opened on August 5th.
Launch go! lifestyle shopping mall A new model in the provinces First time in Thailand It is a shopping center for all the family. And respond to customers of all genders and ages. The center consists of hypermarkets that offer good quality, modern products at affordable prices. covering from fashion beauty products Consumer goods and fresh food, & Joy International restaurants and a new hangout place With affordable prices, great taste, and overpriced quality, Sunday, a large indoor playground. And with the most rides in the district for children to run with their imagination without limits, go! Wow.
Variety store selling miscellaneous goods household items and daily necessities and go! Power, the center of complete electrical appliances, low installments, quick approval by go! It will open its first branch in August. and aims to open a total of 4 branches in Nakhon Si Thammarat province by the end of 2022
