CP Group news

20 September 2021
Southeast Asia's convenience channel is expected to grow at a CAGR of 9.1% from 2020 to 2022. Southeast Asia is a convenience hotspot It has the highest concentration of convenience sales relative to other regions. Its total convenience sales value in 2020 is US$36bn.   Source: IGD Research Convenience is growing in importance It will widen its lead over other physical chan...
31 August 2021
The first 7-Eleven Cambodia store opened officially on 30 th August. Key representatives at opening ceremony Source: CP ALL The opening was officiated by Mr Chairote Thiwat Muncharoen, Senior Executive Vice President, International Unit, CP All Public Company Limited. A simple opening ceremony took place due to the current COVID-19 situation. Other guest include  Lokjum Tiaoto Pil...
30 August 2021
The retailer is in the process of renaming its stores from Tesco to Lotus’s in Asia. Besides improving its operations and product mix, it has recently shared its plans to expand the chain in Thailand. Improving fresh food quality CP Group is leveraging the group’s strengths to improve the quality and selection of fresh food at Lotus’s. A lot of effort has been put into sourcing directly fro...
16 August 2021
The COVID-19 situation in Thailand has deteriorated and impacted sales in Q2 2021. As the third wave is more difficult to control, retailers expect that further restrictions in July will dampen results in Q3 2021.  Consolidated revenue for Berli Jucker (BJC) dropped -3.9%, driven mainly by retail sales decline BJC has reported a drop of THB3,296m (US$98.7m) or -12.8% for its Q2 retail sales...
24 June 2021
Lotus’s launches its first “Lotus Smart City Supermarket” concept in The Market Bangkok mall. Right in the middle of the city The store is located in a trendy mall near the Ratchaprasong intersection. It is within walking distance of Big C Ratchdamri and Central Food Hall Central World. This is a popular tourist destination with many retail businesses where even locals will go for shopping ...
08 June 2021
Last September, the retailer shared plans to open its first flagship store in Thailand in 2021 with its joint-venture partner CP ALL. However, the plans have changed, and it will only sell products through its partner. Adjusting business strategy to fit demand The retailer’s planned to open stores between 200-300 sq. m., with 20% of the products under the Guardian brand. The company is focu...
08 June 2021
After the acquistion of Tesco Lotus, CP Group has been transforming its stores in Thailand and Malaysia. Tesco Lotus Express stores, rebranded as Lotus's Go Fresh, is more focused on focuses on fresh produce and meat than before. In this article, we focus on the key changes and what it means for the retailer. A new look Lotus's Go Fresh stores are between 300-500 sq.m. Its first flagship co...
19 May 2021
Retailers report poor performance in Q1 2021 due to the high base in Q1 2020. Thai stores were still operating as normal in January and February in 2020. Most of the retailers also benefited in March 2020 when shoppers started stockpiling before the first lockdown. Q1 2021 affected by new waves of infection Thailand is fighting a third wave of infections, the worst after a year of relativel...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...
31 March 2021
Lotus’s Malaysia is the new brand name of former Tesco stores after the acquisition of Tesco Malaysia by Thailand-based multinational conglomerate, Charoen Pokphand Group Co Ltd (C.P. Group). It has officially unveiled its first flagship store in Kepong, a town north of Kuala Lumpur today. Source: TNP SMART Values Lotus’s Kepong bears the vibrant colors of Lotus’s green and yellow s...