Retail in Asia

In Markets

Outlook dim at Bangkok’s malls

Shoppers are thin on the ground at retail complexes near Bangkok’s Ratchaprasong intersection, which opened for business on Monday after the weekend’s deadly clashes.

While Siam Center, Siam Discovery, Siam Paragon and Central Chidlom shopping centres opened at the start of the week, CentralWorld, Gaysorn and Amarin Plaza – the malls closest to the red-shirt rally stage at the Ratchaprasong intersection – remained closed.

Retailers said they had no idea when the protests would end and the red shirts would move out from Bangkok’s main shopping district.

CentralWorld and Zen estimated combined losses of more than THB100 million (USD3.1 million). Siam Paragon said the weekend’s rally had cost it around THB200 million (USD6.2 million).