30 Mar 2020
Services
Retail and restaurant businesses will continue to face challenges ahead as steady increases in the number of COVID-19 infections in Thailand have prompted the government to introduce a number of measures, including a temporary closure of certain venues and declaration of a state of emergency, to curb the spread of the virus. Such measures have inevitably hurt the business sector, in particular retail stores and restaurants because their services are primarily offered at premises. ... Read more
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5 Mar 2020
We at KResearch view that turnover in the Thai retail market may report a sharp contraction during 1H20 due to a number of factors. These include risk stemming from the COVID-19 outbreak, which is expected to persist during 1H20, and continuing weakness seen in domestic purchasing power resulting from economic factors, rising unemployment and drought. In addition, the Thai retail market will likely be threatened by a substantial drop in the number of international tourist arrivals and sluggish spending at home, ... Read more
8 Nov 2019
As subdued consumer purchasing power continues to pressure the retail business, we at KResearch expect that retail sales will grow approximately 2.7-3.0 percent YoY in 2020, against the 3.1 percent pace projected for 2019. Traditional retail stores and hypermarkets, focusing on grassroots and low-to medium-income earners, are expected to experience limited growth while supermarkets and e-commerce, targeting medium-to high-income earners, may record better growth than other retail segments.... Read more
11 Dec 2018
KResearch survey reveals that more than 59 percent of the respondents choose to celebrate the 2019 New Year in Bangkok, which is close to last year’s figure of 60 percent, due to heavy traffic, the crowded atmosphere and concerns over their spending power. However, most of the respondents have made their plans and prepared their budgets for this special occasion, particularly for gift purchases and parties, which are the two most popular activities of Bangkok residents.... Read more