Central Retail closes budget for 9 months with profits soaring 26%, sending CRC Celebration of Happiness to stimulate the trend, creating new highs in the 4th quarter.

2023-11-13 13:33:15

Mr. Yon Phoksap, Chief Executive Officer of Central Retail Corporation Public Company Limited or CRC, said, “Central Retail reinforces our confidence as a leader in the retail and wholesale business in Thailand and abroad. Showing success in business operations from results for 9 months of 2023 with total income of 182,784 million baht, growing 7%, net profit 5,257 million baht, growing 26%.

Meanwhile, in the third quarter of the past, Thailand continued to generate sales growth of 6%, while the fashion group generated growth of up to 8% and Thai Watsadu had new high sales growth of 12%. As for business in Vietnam, We have adjusted our operating plans to cope with short-term economic fluctuations. Therefore, the overall third quarter of Central Retail closed with total revenue of 59,576 million baht, an increase of 3%, and net profit of 1,254 million baht, a decrease of 0.3%.”

Summary of Central Retail’s business highlights include:

Launching ‘GO Wholesale’, a complete food wholesale center, totaling 4 branches, in the 4th quarter, kicking off the first branch at Srinakarin on October 27, 2023, followed by the Chiang Mai branch, Amata Nakorn branch, Chonburi province, and Pattaya branch, which will be New Growth. An important engine of CRC, ready to be a new alternative and deliver a different experience that meets the needs of all groups of customers, including HORECA group operators (hotels, restaurants, catering businesses), retail stores, grocery stores. and groups of customers who like food After opening the first branch in Srinakarin, we received a good response from all entrepreneurs and customers. Central Department Store, Chidlom branch has undergone a facelift to become the number 1 luxury department store in Southeast Asia. Including the Mega Bangna branch with an investment of over 500 million baht in building a new building and expanded the area to 23,000 sq m. to support the expansion of customer groups in the Bangna zone. It also rebranded the department store. The Fashion Island branch is central and has added new brands such as YSL, Sisley, Jo Malone, Dyson, Hermes Beauty, etc. to comprehensively meet the needs of customers. Opening Central Westville Department Store in the western Bangkok zone on November 29, bringing the total number of department stores to 76 branches throughout Thailand. Celebrate the Grand Opening of Robinson Lifestyle Shopping Center, Chalong Branch, Phuket Province on November 25, which is CRC Shopping Center, 2nd Branch in Phuket Province To accommodate both Thai and foreign tourists. This is the 28th shopping center in the Central Retail group. Thai Watsadu reinforces its position as the number 1 DIY Home Retailer and the leader in the Hybrid format by combining Thai Watsadu and BnB, which has received good response. Ready to announce success in setting a new high in expanding to 14 branches this year, which will bring a total of 81 Thai Watsadu branches throughout Thailand. Rinascente Department Store, Italy has continued strong sales and in 9 The first month of this year Created growth of 20%, reflecting success from the renovation of the department store in many branches to meet the needs of both local customers and the increasing number of foreign tourists. In Vietnam, the shopping center GO! All 39 branches had rental income grow 18% in the first 9 months of this year. GO! Hypermarket continues to reinforce its position as the number 1 hypermarket in Vietnam with 38 branches nationwide, along with expanding go! (Mini Go) added 4 more branches, making this year’s closing there will be go! Total 10 branches

Central Retail is confident that the 4th quarter will create new high sales from the readiness of all business groups in the group. that provides both the best products and services To welcome both Thai and foreign customers. During this high season By joining in celebrating the festival of happiness with the campaign ‘CRC Celebration of Happiness’, awakening the shopping mood and stimulating the purchasing power of both Thai and foreign tourists. Reinforcing being a complete One Stop Gift Destination on Thailand’s best Omnichannel platform by preparing to provide 3 happiness to customers as follows:

Store of Happiness transforms stores and shopping centers into spaces for celebrating Christmas and New Year, such as Central Department Store. Every branch is decorated with the classic character The Nutcracker, Robinson Department Store and Robinson Lifestyle Shopping Center. Decorate the atmosphere of the mall in the theme of Disney 100 years, teaming up with Thai people’s favorite characters “Mickey Mouse – Minnie Mouse” to create happiness throughout the campaign and Tops highlighting the main icon, Tops Snow Globe, the universe of happiness, Collection of Happiness, reinforcing being One Stop Gift Destination brings together the best gifts from all over the world. Limited edition products and new collection that are ready to deliver happiness only during this festival, such as a parade of holiday products From Central Department Store, Hampers, New Year’s baskets, over 100 styles from Tops and the most fragrant fresh pine trees in the world. from canada Imported by Thai Watsadu Campaign of Happiness. Join in spreading happiness with special deals to special customers from the Central Let’s Celebrate 2024 campaign from Central Department Store, Robinson & Robinson Lifestyle Wonder Celebration from Robinson Department Store. and Robinson Lifestyle Shopping Center and Tops of Happiness 2024 from Tops, etc.

“Central Retail remains committed to running a strong business. To create the best experience for customers and ready to cooperate with the government sector To jointly drive the Thai economy to grow rapidly and sustainably together throughout the system,” Mr. Yon concluded.

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