News | Second quarter

Back

Home Pro experiences slower growth rates

The Thai DIY store operator Home Pro reports much lower growth figures than in the past for the second quarter also. The company reports sales income of THB 14.80227 bn, 1.20 per cent more than in the previous year. Sales in the first six months came to THB 29.02796 bn, thus 2.88 per cent above the corresponding period in the previous year.

Although the Thai economy is driven by the export and tourism sectors, the recovery in consumption remains fragile because farm income is still subdued, according to the quarterly report of the management. The opening of new stores close to existing stores in Bangkok has also resulted in a cannibalisation effect.

In the second quarter Home Pro opened two new stores, one of which is in the new format Home Pro S and is located in the Gateway Ekamai shopping centre. A new store also opened in Malaysia. As of mid-2017, the company operated 82 Home Pro stores and eleven Mega Home stores in Thailand, along with three Home Pro stores in Malaysia.

|31 July 2017


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Good figures for the second quarter of 2017

Stanley Black & Decker has reported an increase in sales for the second quarter of 2017 of ten per cent compared with the same period in the View news...

No good figures in second quarter

Kingfisher, Europe's biggest DIY store operator, has reported a decline in sales of 1.9 per cent to GBP 3.148 bn (all figures, including the View news...

New competition for eBay in Europe

This week Facebook launches its online trading platform Facebook Marketplace in 17 European countries, including Germany. Users of the new online View news...

Sales up by more than six per cent in the second quarter

The Home Depot, the world's largest home improvement retailer, yesterday reported sales of $28.1 billion for the second quarter of fiscal 2017, a View news...