Retail in Asia

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Index, SB Furniture plan more stores in Thailand

Index Living Mall and SB Furniture Group will continue their store expansions in Thailand next year even though consumer purchasing power has not recovered as expected.

Index plans to spend about THB1.6 billion (USD48.7 million) to open four new stores, while SB Furniture will allocate 300-400 million baht for five or six small and large outlets.

Kridchanok Patamasatayasonthi, managing director of Index, said the company would focus on opening more stores upcountry because Bangkok has heavy competition. Its 10 stores in Bangkok are enough to serve demand.
 

(Source: Bangkok Post)