Central Retail Corporation (CRC), the country's biggest mall operator, opened its 27th Robinson Lifestyle Center on Ratchaphruek Road yesterday at a cost of 1.2 billion baht to strengthen its retail business in western Bangkok and cater to high-spending shoppers.
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Yol Phokasub, Chief Executive Officer, Central Retail Corporation Public Company Limited (CRC), said that Central Retail showed fast V-shape recovery with performances in the third and fourth quarter of 2020 continued to grow strongly. The company posted the fourth quarter of 2020’s revenue of 51,077 million baht, QoQ +7% with profit of 1,102 million baht, QoQ +27%. Central Retail therefore, recorded the total revenue of 194,311 million baht (down 13%) and posted the net profit of 341 million baht (down 97%) in 2020 with the total sale growth of 180% from its omnichannel platform, contributed to 10% of the total sale revenue. Central Retail is also ready to pay the dividend of 0.40 baht/share, with the confidence that the company will see up to 10% sales growth in 2021.
Central Retail Corporation Public Company Limited (CRC) closed its deal to acquire the business of COL Public Company Limited (COL) on 22 February 2021. The 12.16-billion-baht acquisition will help enhance competitiveness in the hardline segment of Central Retail. The company also boasted its position as the market s first mover by launching the new concept store, B2S Think Space , at Central Chidlom, as the exciting landmark that caters for all lifestyles of customers of the new generation.
Yol Phokasub, Chief Executive Officer, Central Retail Corporation Public Company Limited, said, Central Retail s acquisition of COL is an important move to further strengthen the retail comprehensiveness of Central Retail. COL has been the established leader in the business of office supplies, books, entertainment media, lifestyle products and e-books under the brands of OfficeMate, B2S and meb e-book with numerous sales channels namely stores, websites, Line Store, Drive Thru, Call Center, mo
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