Large retailers, such as supermarkets and hypermarkets, will likely continue to experience subdued growth in 2019, which will benefit minimarket operators, Fitch Ratings says. “The shift in customers’ preference toward shopping in smaller quantities has heightened competition. The trend has hurt the growth of hypermarkets and supermarkets,” Fitch said in a press release on Wednesday. […]
Read MoreThe changing lifestyles and preferences of consumers are causing financial distress to many retailers who refuse to reinvent their stores. Traditional retailers are under intense pressure from the rapid transformation of the retail industry. Today, consumers want to maximise their shopping experience with minimal effort and maximum convenience. To meet consumers’ high expectations, big players […]
Read MoreEconomic growth for Thailand was likely 4.1-4.2% last year, short of the Finance Ministry’s target of 4.5% because of lower than expected exports, says the head of the Fiscal Policy Office (FPO). To achieve the ministry’s target, exports had to expand 8%, but last year’s outbound merchandise shipments grew 6.7% after unexpectedly shrinking 1.7% year-on-year […]
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