Connect with us
The clever new way to send money abroad

Corporate

Robinson Department Store to expand with four new outlets

Published

on

Robinson Department Store is investing Bt2.4 billion this year on four new stores as part of its plan to expand in the country by three to four outlets annually over five years.

About Bt650 million is going to a 28000 squaremetre property in Trang that will open in November.

Robinson Department Store Public Company Limited operates department stores under the name ‘‘Robinson’’. The Company currently has 20 branches around the country, comprising 9 branches in Bangkok and 11 provincial branches.

The store has been developed as a “lifestyle complex” and will be a prototype for the further development of Robinsons at sites in Bangkok and upcountry that have small catchment areas in terms of shoppers, spending power and distance from competitors.

Next year will see three Robinsons opening in Chiang Rai and Phitsanulok and on Rama IX in Bangkok.

Four Robinsons are earmarked for 2012.

Thailand now enjoys good economic fundamentals with strong value of agricultural products and tourism, Preecha said.

via Robinson expansion begins with four new stores.

During 2009, Thailand’s economic growth had experienced the first shrink since the 1997 Asian financial crisis; the downturn was mainly due to the recent global economic slowdown, including Thailand’s political turmoil in April and H1N1 pandemic. However, the economy had shown the sign of recovery in the fourth quarter; it led to an improvement of the consumer confidence and a better mood of consumption.
Robinson’s  revenue from sales was Baht 12,842 million in 2009, an increase of Baht 425 million or 3.4% from last year. In addition, the Company has opened two new stores in this year which have a good response from the customers and gratifying sales; moreover, existing stores also has a satisfying sales growth from the previous year.
Currently, the Company operates totaling of 22 stores, which consist of 9 stores in Bangkok and 13 stores in upcountry.
Gross profit was Baht 3,001 million, an increase Baht 113 million or 3.9% from the same period of last year due to sales increase. Gross profit margin was increased to 23.4% from 23.3% because of a good merchandising management, along with a persistent growth in private brands and exclusive brand products.

During 2009, Thailand’s economic growth had experienced the first shrink since the 1997 Asian financial crisis; the downturn was mainly due to the recent global economic slowdown, including Thailand’s political turmoil in April and H1N1 pandemic. However, the economy had shown the sign of recovery in the fourth quarter; it led to an improvement of the consumer confidence and a better mood of consumption.

With the Company’s marketing activities which better served customers’ needs and continuous sales promotions, its revenue from sales was Baht 12,842 million in 2009, an increase of Baht 425 million or 3.4% from last year. In addition, the Company has opened two new stores in this year which have a good response from the customers and gratifying sales; moreover, existing stores also has a satisfying sales growth from the previous year.Currently, the Company operates totaling of 22 stores, which consist of 9 stores in Bangkok and 13 stores in upcountry.2. Gross profit was Baht 3,001 million, an increase Baht 113 million or 3.9% from the same period of last year due to sales increase. Gross profit margin was increased to 23.4% from 23.3% because of a good merchandising management, along with a persistent growth in private brands and exclusive brand products.

Click to comment

Leave a Reply

Corporate

Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs

The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.

Published

on

BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.

(more…)
Continue Reading

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

Published

on

During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

(more…)
Continue Reading

Most Read

Recent