TD Tawandang Co, the operator of Tookdee convenience stores, looks set to spend 67 billion baht to expand the number of its stores to 50,000 by 2023 from 1,000 stores at present.
Of the total spending, 45 billion baht will be slated to build 15 new warehouses across the country to support the company’s future expansion, said Sathien Setthasit, the company’s chairman.
The remaining 22 billion baht will be used on technology, inventory management, and sales promotion campaigns for 22,000 new Tookdee convenience stores which will open next year.
Currently, the company operates eight warehouses — all of which are rented — and 1,000…
