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Speedy expansion for Carrefour: Hypermarket to open 10 new outlets in '06.
Byline: Sukanya Jitpleecheep
Dec. 2--Retail giant Carrefour plans to open eight to 10 new outlets next year, its fastest pace of expansion in the 11 years the hypermarket chain has been in the Thai market.
The expansion plan is part of a strategy by Carrefour to catch on its European rivals Tesco, the operator of Tesco Lotus, and Casino, the operator of Big C.
Carrefour currently operates 23 outlets in Thailand while Big C has 45 and Tesco Lotus has 53 outlets.
However, Frederic Levy Perrault, regional director of CenCar Ltd, the operator of Carrefour hypermarkets in Thailand, said the expansion plan would hinge on the government's new ...
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Source: HighBeam Research, Speedy expansion for Carrefour: Hypermarket to open 10 new outlets in...