A better economic outlook dampened by global issues and inclement weather resulted in a 21.4 per cent jump in Thai home improvement retailer DoHome’s sales in 2022. The company disclosed sales revenues of 31.05 bn Thai baht (THB, EUR 841.29 mio) for the period as same store sales grew 7.3 per cent and new stores pulled their weight.
The company noted that 2022 was a better year, with the Thai tourism sector showing signs of recovery and Covid-19 pandemic effects easing. However, challenges, including high gasoline costs, the global economic fluctuation, China’s repeated lockdowns and the prolonged Russia-Ukraine conflict weighed on the company’s operations.
It added that the shutdown of its Ubonratchathani store in early October owing to floods led to “an adverse effect on the branch’s sale and distribution”. The outlet resumed services on 30 October.
DoHome opened five large format branches -- with sales areas of 13 200 m² -- in 2022, bringing its store network to 21 DoHome outlets and nine DoHome ToGo branches, which are 300 to 1 000 m² in size.