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.


Latest Press Release

ASEAN lawmakers call for the release of Philippine Senator Antonio Trillanes

Parliamentarians across Southeast Asia called for the immediate and unconditional release of Philippine Senator Antonio Trillanes, who was detained today following the decision by a Makati Court to issue a warrant for his arrest. "His arrest is...

G SESSION x RAP IS NOW Presenting Bangkok 4.0 at Pullman Bangkok Hotel G

The G Session party is back and got even better! Rap lovers, get ready to Hip-Hop til' you drop at the G Session x RAP IS NOW, presenting Bangkok 4.0 on Friday 5th October 2018 starting from 8PM until late at Pullman Bangkok Hotel G. This time we've...

Ministry of Foreign Affairs Reaffirms the Rise of Thai Economy

Amidst all the focus on the countdown towards general elections in Thailand, one piece of positive news that has gone somewhat under the radar are the strong economic figures coming out of the country. Official statistics recently released by the...

Congratulations to Wanish Boonwanishawat (Momo) in Year 9 at Regents International School Bangkok

Congratulations to Wanish Boonwanishawat (Momo) in Year 9 at Regent's International School Bangkok who has just passed the first round of "Thailand's Got Talent". Performing "I Dreamed a Dream" (sung by Anne Hathaway in the musical Les Miserables) as...

Travel industry recognises Centara with Best Meetings Conventions Hotel Award for 4th consecutive year

Centara Grand & Bangkok Convention Centre at CentralWorld has received the award for "Best Meetings and Conventions Hotel in Asia" at the TTG Travel Awards, the prestigious Asia-Pacific travel industry annual event organised by TTG Asia Media. This...

Related Topics