Rising consumption levels boost retailer
Central Retail Corporation (CRC) is targeting 9-11% revenue growth in 2024, mainly driven by improved tourism and consumption, while voicing concerns over an influx of cheap imported goods.
Yol Phokasub, chief executive of CRC, said this year’s overall spending confidence in Thailand is still above average, despite slow economic expansion, with a GDP growth rate of less than 2% recorded in 2023.
Mr Yol said an upward trend of…
