Global posts sales decline in Q1

Thai home improvement retailer Siam Global House posted a 4.5 per cent fall in sales for the first quarter, unable to shake off the impact of high household debt despite government efforts to spur public spending through incentives. The company disclosed that sales in the first three months of 2025 hit 8.373 bn Thai baht (THB, EUR 235.8 mio) owing to the weak sales of mature stores.  

"This came from the declined sales driven by the economic slowdown and the high levels of household debt, which have significantly affected consumer confidence in spending despite the government implementing economic stimulus measures such as the Easy E-Receipt initiative and the Phase 2 digital-wallet scheme of [THB] 10,000," the company disclosed in a statement. 

The company opened one store during the period, bringing its total number of outlets within Thailand to 91 at the end of March 2025.  

- Jennee…