CRC top form in 2Q, growing 12%, pushing long-term strategy Create a New High Group Hardline and Omnichannel Before going to open more GO shopping centers in Vietnam, adding 2 more in the 3rd quarter of this year.
On August 13, 2021, Mr. Yon Poksub, Chief Executive Officer of Central Retail Corporation Public Company Limited, revealed that Central Retail has continued its business with a strong focus on aggressive strategies. for long-term stable growth while adjusting business models and portfolios for flexibility. in line with market trends and consumer demand make omni-channel business and the hardline group grows to new heights
This made it possible to generate record revenues and profits. As well as pushing Central Retail’s operating results in Q2 2021 to grow with total revenue of 46,376 million baht (+12% YoY), EBITDA 4,088 million baht (+218% YoY) and net loss reduced to 426 million baht. (+83% YoY)
The new highs of the Central Retail business in the second quarter of 2021 consisted of: 1. Potential growth of the hard line business. It grew to the number one position across all segments in terms of total revenue, EBITDA and net profit, and its share of sales increased from 32% to 39% compared to the same quarter last year. This is the result of following an aggressive strategy. Whether it is the merger of COL Public Company Limited (COL) that allows the hard line business to expand rapidly. and expanding the customer base to the B2B group, including the continuous expansion of Thai Watsadu’s business which has opened 4 branches this year and will open 1 more branch by the end of the year It is also preparing a plan to expand Tai Watsadu to Vietnam.
2. Adding new sales channels of the Omnichannel platform, such as the Personal Shopper service covering all business segments. since the department store to supermarkets, increasing the number of TOPs branches serving quick commerce. and the launch of the GO application! of food business in Vietnam
It also saw the success of CENTRAL App, a super application that is one-stop shopping, including products from Central Retail, with a service to shop and deliver within 3 hours. Currently, CENTRAL App has been downloaded more than 2.7 million. download This is a huge leap forward since its initial launch in December 2020.
3. Expansion of the Property business is continually expanding, improving and rebranding as planned. in Vietnam has opened a shopping center GO! Thai Nguyen branch in April And also prepare to open GO! 2 more new branches within the 3rd quarter of 2021
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