HomePro continues to lag behind last year's level

The Thai DIY chain HomePro saw a slight decline in sales in the third quarter. Sales volume amounted to THB 15.52245 bn (EUR 412.0 mio), down 1.93 per cent on the same period last year. However, HomePro has recently performed better than in previous months. In the first three quarters as a whole, the decline amounted to 2.81 per cent, with sales volume reaching THB 49.56140 bn (EUR 1.3156 bn).

The company attributes the development in the third quarter to softened consumer purchasing power amidst the continuous economic slowdown. The reasons for this are both domestic and external constraints collectively eroding business and investor confidence. “These included U.S. tariff measures, localised geopolitical tensions on the Thai-Cambodian border, and domestic political uncertainty,” the quarterly report states. In addition, the third quarter coincides with Thailand's rainy season, during which frequent heavy rainfall and flooding in several areas negatively impacted customers' travel convenience. This resulted in a decline in same-store sales during this period.

HomePro opened four new stores during the reporting period.