Newsletter

Central Retail Announces Ambitious Expansion Plan for 2024 with Focus on Revenue and EBITDA Growth

Mr. said Yon, of the CRC OMNI-Intelligence in Central Retail vision, that it has been developed into a plan for 2024 that has performance targets of revenue growth of 9-11%, EBITDA growth of 15-17% and an investment budget. 22,000-24,000 million baht, with this year’s operational plan including

  • Fashion Group: Development of a flagship Central Department Store, Chidlom branch, to become a Premier Luxury Destination, including the expansion of 2 additional branches, a total of 88 branches in Thailand, along with the renovation and upgrade of 4 other department stores, in as well as plans to add premium brands. and bring brands in Thailand to expand to Vietnam
  • Food Group: Moving forward with the expansion of GO Wholesale to another 7 branches, aiming to expand a total of 40 branches within 5 years and become number 1 Omni B2B in the HoReCa group There is also a plan to expand Tops branches, with a total of 10 branches in Thailand For Vietnam, there is a plan Open 3 branches of GO supermarket! (Mini Go!) 9 more branches
  • Hardline Group: Proceed with the expansion of 9 Thai Watsadu branches, renovate 4 more branches and transform Nguyen Kim in Vietnam to a more complete level.
  • Property group: Robinson Lifestyle Shopping Center The branches are constantly developing and improving. As for shopping center GO! In Vietnam, there are plans to expand 3 more branches, aiming to close in 2024 with 42 branches, covering 42 provinces out of 63 provinces nationwide.

“From the plan above, the branch expansion of the related business group uses Big Data to decide which business we should focus on. and give importance to which country? As this year in Central Retail sees building materials grow, so Thai Watsadu branches are continuously expanding. and Vietnam has the largest growth in food groups, leading to the expansion of GO! shopping malls. in Vietnam”

Page 16 Thansettakij Newspaper, Year 43, Issue 3,966, Date 15 – 17 February 2024

#Central #Retail #invests #billion #shake #Thai #retail