Central Retail reports record revenue
What: Central Retail is growing significantly on all channels and all markets.
Why it is important: Vietnam has been the goldmine for the retailer in 2022 and will be the next battleground for global retailers in the coming years given the level of investment planned in the country.
Thai Central Retail Corporation has recorded a $6.7bn revenue in 2022, +21% compared to 2021, with a net profit reaching $219m (+2.6%).
This has been fueled by domestic consumption, both in stores (+16%) and omnichannel (+12%). Thailand represents 23% of the business, while Vietnam represents 24% (and recorded +34% growth). Italy represents 5% of the business and grew +48%.
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