Connect with us

Corporate

Robinson Department Store to expand with four new outlets

Avatar

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.

Comments

Corporate

Covid-19 puts flexible space markets under strain

In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

Daniel Lorenzzo

Published

on

The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.

(more…)
Continue Reading

Business

Thailand’s automotive sector expected to produce 1.4m cars this year

This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

National News Bureau of Thailand

Published

on

Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.

(more…)
Continue Reading

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,632 other subscribers

Trending