“CRC” is confident that this year’s business plan will help increase sales growth of more than 10%, announcing a 40 satang / share dividend.
Mr. Yan Phoksap, Chief Executive Officer of Central Retail Corporation Public Company Limited or CRC, said that Central Retail has adapted to V-shape since Q3 / 2020 and Q4 / 2020, we continue to grow strongly and Continuous With total revenue of 51,077 million baht, an increase of QoQ + 7% and a profit of 1,102 million baht, an increase of QoQ + 27%, allowing Central Retail to close in 2020 with a total revenue of 194,311 million baht (down 13%) and make a net profit. 341 million baht (97% decrease) with 180% sales growth on Omni-channel. It represents nearly 10% of sales and is ready to pay dividends to shareholders of 0.40 baht per share.Central Retail is confident its 2021 business plan will drive sales growth by more than 10%.
Mr. Yan said that since 2017, Central Retail has announced its core strategy “New Central, New Retail” together with the organization’s aim to be “Central of Life” creates a direction for business operations and development of the ecosystem to be the best “New Central Retail Lifestyle & Food Platform” in Southeast Asia. To contribute to the success of the business: 1. Improve and expand the new store layout. In all business groups, such as fashion, food, and hardline, to be modern and meet lifestyle needs To create new Omnichannel Experience for customers continuously. 2. Launched CENTRAL, a mobile platform that connects all business segments. Along with the massive big data restructuring of 24 million existing loyalty customers by creating a Hyper-Personalization Offer, this new platform brings Central Retail Group’s products into one place. To provide a seamless shopping experience And meet the needs of customers in all product groups Which currently has the number of users Service already more than 2 million users after the launch for just 2 months.
Mr. Yan said that 3. Cooperate with armed partners to strengthen Central Retail’s ecosystem. In collaboration with JD Central Marketplace and JD Digital to create a digital payment service and financial transaction solution (DOLFIN), and with Grab Quick Commerce ( Quick Commerce) provides on-demand service. Starting with the service ordering food and Tops Grocery through an application Which was very successful And has expanded to other Central Group products To meet the needs of On-demand for all product groups across the country. Strengthening the hardline group By investing more than 12,000 million baht to acquire OfficeMate, B2S and MEEP (the number one e-book shop) as well as the B2B Omnichannel Platform for corporate customers (B2B Omnichannel Platform), the latest has been opened The new flagship store “B2S Think Space”, a new concept store at Central Chidlom and received better feedback from customers than expected.
Mr. Yan said 5. Tai Watsadu under the hardline group. From starting a business for just 11 years now has become number one in terms of income. And the number one Omni Channel home decoration retailer (Omnichannel Home Improvement Retailer), which last year achieved total revenues of nearly 28 billion baht and plans to accelerate the expansion of business networks in Thailand. And abroad To double sales within 3-5 years. 6. Food business in Thailand has continuously raised and opened branches. To strive to create the best food destination or Food Destination experience for customers. By adjusting the Lad Phrao branch to be Central Food Hall and adjusting the Westgate and Salaya branches Continued in Vietnam, focusing on food and lifestyle shopping centers under the brand Big C / GO! Launched Multi-format business model and channel, bringing Tops Market success to Vietnam. And expand supermarkets go! To the secondary province To cover the whole of Vietnam within 5 years, now Central Retail has covered more than 30 main provinces in Vietnam already. (Accounting for 85% of Vietnam’s gross product (GDP)) and will continue to expand business Because Vietnam has the potential of food and lifestyle shopping centers. 2 times more than in Thailand
“The year 2021 is still a challenging year, but Central Retail remains committed and confident that we will be able to drive business growth of more than 10% with a planned investment of 18 billion baht. To strengthen Central Retail even more Reinforces the leadership of the Thai retail business, “said Mr.
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