Central Retail heads a strong start to 2022 with double-digit Same Store Sales Growth, accelerating ‘CRC Retailligence’ strategy

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Central Retail Corporation, CRC, remains confident in the strong economic recovery, accelerating the business and driving double-digit growth of Same Store Sales in Thailand, Vietnam and Italy.

The company’s focus is on the expansion across all business segments, including fashion, food, hardline and property, whilst also driving the creation of new businesses to serve diverse customer needs, and leading reinvention towards Next-Gen Omni Retail to unlock new value and shape the future of retail.

Mr. Yol Phokasub, Chief Executive Officer of Central Retail commented, “We are confident in moving forward with the CRC Retailligence strategy that will unlock leaping growth for the company. Since the end of last year, our sales have consistently grown and in January 2022, our Same Store Sales Growth (SSSG) witnessed a double-digit increase in Thailand, Vietnam and Italy. Our omnichannel sales have also seen double-digit growth, even with a significant number of customers returning to our physical stores. The fashion segment enjoys a strong recovery from the pandemic and the property segment welcomes back 85% of the usual number of shoppers during the pre-covid era whilst also maintaining an occupancy rate of over 90%. With continuous optimism, Central Retail looks ahead in expanding its business this coming year. Starting with the launch of the new format of Robinson Lifestyle in Baan Chang, Rayong province on March 3, 2022 and GO! lifestyle mall in Lao Cai city, Vietnam in April, and followed by 2 new Robinson Lifestyle in the second half of the year. By the end of 2022, we will have a total of 73 shopping centers. In our hardline segment, we have plans to launch 10 new Thai Watsadu branches, in which the first branch will be launched in Chaiyaphum province on March 17, 2022 – further reinforcing our leading position in omnichannel platform in Thailand’s Hardline sector.

Charging ahead with confidence in full swing, Central Retail accelerates investments across core business segments, new growth opportunities, strategic partnerships and mergers & acquisitions in Thailand and Vietnam. Additionally, the company is also set to list MEB, the leading e-book business operator and web novel platform for Thais, on a stock exchange of Thailand this year. Through these focus areas, we strive to take Central Retail and its partners on a journey of sustainable growth, achieving collective success together.

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