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Department store operator Central Retail to expand retail footprint

RBR Staff Writer Published 25 November 2013

Central Retail, a department store operator based in Thailand, which has four brands - Top daily, FamilyMart, Tops Market and Central Food Hall - plans to open 260 new outlets in Thailand next year.


Under the plan, Central Food Retail, the operator of Tops supermarket, Tops Market and Tops Daily, plans to add 60 shops, while Central FamilyMart expects to set up 200 FamilyMart convenience stores.

Central Food Retail president Alistair Taylor told Bangkok Post Business that the unit has earmarked THB1.7bn ($3.7m) to open 60 stores, of which 24 will be Tops Daily mini-supermarkets.

"We are optimistic about the 2014 retail outlook," Taylor added.

Central FamilyMart CEO Nath Vongpanich told the news agency that Central FamilyMart will invest at least THB1bn ($3.1m) in new FamilyMart branches.

"Our target to have 3,000 stores [Family Mart] by 2017 is still ongoing, and we expect to meet that goal," Vongpanich added.

FamilyMart outlets are expected to open at tourist destinations such as Chiang Mai, Krabi and Rayong.

Central Retail, which operates as a subsidiary of The Central Group, retails clothing, electronic products, stationery products, books and entertainment products.

It offers stationery products, electric appliances including audio players, videos, televisions, white goods, computer sets, digital cameras and mobile telephones. Central Retail provides sport wears, foot wears, sport equipment, home decorating and repairing products; and construction materials.

The company also supplies office products for business organizations and students.

Image: Central Retail to expand Central FamilyMart and Central Food Retail network. Photo: Courtesy of FreeDigitalPhotos.net/Ambro.