Thailand’s Siam Makro Plc, the operator of the Makro cash-and-carry chain under Charoen Pokphand Group, will allocate THB6 billion (USD171.9 million) to expand its store network this year.
Chief executive Suchada Ithijarukul said the budget will be used to open 10 new Makro branches, mostly small ones that will be located close to residential areas. Some will be in tourist destinations with a heavy concentration of restaurants.
The opening of the 10 branches this year will bring its total number of outlets to 108 nationwide.
(Source: Bangkok Post )