What: The global Thai operator is renewing with growth on all three markets.

Why it is important: Vietnam and Thailand are widely reported in the article, however no detail is given about Italy. During our meeting with Coin (La Rinascente competitor) in March, the picture in Italy was not as rosy as the article suggests.

Central Retail has reported improved sales across its 3 global markets during Q1 2022, leading a group sales raise of +16%, to USD 1,6bn and USD 38mn net profit.

Omnichannel has increased +44% during the last quarter 2021, and the group has plans for expansion on all three markets.

Central Retail reports growth in Thailand, Vietnam and Italy