Tesco Lotus pushes ahead with investment plan to open new stores and regional Distribution Center to capitalize on anticipated government#s economic stimulus

General Press Releases Wednesday September 2, 2015 17:09
Bangkok--2 Sep--Tesco Lotus

Tesco Lotus is on course with its investment plan, opening new Express and Hypermarket stores nationwide, most recently in Surin's Prasart district. In addition to the store openings, the retailer's second regional distribution centre, located in Surat Thani province, will become fully operational at the end of September. The CEO of Tesco Lotus is confident in the strong fundamentals of the Thai economy and committed to providing quality products at low prices for customers, especially during tough times.

Mr. John Christie, CEO of Tesco Lotus, said "We continue to invest as per the plan we set out at the beginning of the year, opening new stores in strategic locations across Thailand, helping to strengthen local economies nationwide. This year's investment plan includes the opening of 50 Tesco Lotus Express stores, which we have already successfully achieved, and five Tesco Lotus large format stores, the most recent one was the 9,400 sq.m. store in Prasart district, Surin province, in anticipation of the ASEAN Economic Community and trade activities along the Thai-Cambodian border. Our second regional distribution centre, which will be fully operational by the end of this month, is located in Surat Thani and poised to serve growing customer base in the south of Thailand."

"By opening new stores, we are able to make contributions in terms of stimulating the local economy and employing local people, directly and indirectly. Small and medium sized businesses in the area can also rent space in our store, in turns generating income and distributing wealth among the locals."

"Tesco Lotus is confident that the government's plan to boost the spending power of low-income earners will help stimulate not only the retail sector, but also the economy as a whole. During tough times, Tesco Lotus is ready to help alleviate the financial burden our customers have, by providing quality products at reasonable prices," concluded Mr. Christie.

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