Small retail sale growth for Big C in 2014
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Big C Supercentre saw a small increase of 3.1 per cent in retail sales last year, in line with slowing economic activities.
Net retail sales for 2014 amounted to Bt121.8 billion, up by Bt3.67 billion or or 3.1 per cent from the previous year.
However, rental and service income from tenants rose to Bt9.39 billion in 2014, which represented an increase of Bt641 million or 7.3 per cent over the previous year.
"This increase resulted mainly from the additional lettable space as we opened 11 new shopping malls during the year, from the continued successful management of lettable space and from the full impact of three Alcudia renovations completed during the late 2013 - early 2014 period,” said Rumpa Kumhomreun, chief financial officer and vice president for accounting and finance.
In 2014, Big C opened 4 Hypermarkets, 7 Big C Markets, 46 Mini Big C (29 at Bangchak service stations) and 20 Pure Drugstores, and 11 shopping malls. The total number of stores at the end of 2014 was 123 Hypermarkets, 37 Big C Markets, 324 Mini Big C (91 at Bangchak service stations) and 152 Pure Drugstores.
