Thai conglomerate Central Retail Corp is to create a new wholesale chain. With 43 new stores planned in the next 5 year, the country's largest retailer is focusing on wholesale sales, which are due to drive 30% of revenue.
On 14th September, Central Food Wholesale, a subsidiary of leading Thai food retailer Central Retail Corp (sales of US$1.6 billion in Q2 2023, up by 5.6%), announced the launch of “Go Wholesale”: members-only food wholesale stores modelled on Metro AG or Costco. In 2022, wholesale accounted for 17% of the Group’s sales via its chain called D.I.Y. Thaiwatsadu. The Group expects this to rise to almost 30% by 2028, and has invested US$570 million over 5 years to develop this new chain. It...
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