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Giant Grocer Carrefour Shrugs Off Thai Retailers' Protests against Expansion.
Byline: Sukanya Jitpleecheep
Aug. 6--Carrefour of France is undaunted by local retailers' rising opposition to hypermarkets, saying it will continue to add more sites in Thailand where it sees ample room for growth.
The company planned to add two new stores each year, each one costing 400-600 million baht and creating 300500 jobs, said Pascal Billaud, managing director of Cencar Co, the local subsidiary of Carrefour.
He said there was "huge" potential to expand the retail business in Thailand, especially for stores with 2,500 square metres or more.
There was room for 1,000 such stores nationwide, compared with about 200 at present, ...
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