What: Inside Retail reviews Central Retail’s financial report to understand the overall situation

Why it is important: in short, Central Retail is “cautiously confident” for macro-economic reasons and in spite of good performances.

Central Retail in Thailand sees moderate sales growth and plans expansion, facing a "K-shaped" economic recovery with varied sector growth. The tourism boost supports retail, with international visitors nearing pre-Covid levels. Central, with vast mall and store operations in Thailand and Vietnam, notes rental revenue and mall traffic increases. Fashion sales rise, while hardline and food segments see modest growth. Expansion includes various large-format stores and wholesale units, emphasizing tourism and store count as growth drivers amidst economic challenges.

Unpacking Central Retail’s financial report