News | Third quarter

Back

Thai chain Home Pro reports first sales declines

The Thai DIY store chain Home Pro reports sales declines for the first time.

The Thai DIY store chain Home Pro reports sales declines for the first time.

The Thai DIY store chain Home Pro reports sales declines for the first time. In the third quarter, the company's sales income at the amount of THB 15 219 bn lay at 1.18 per cent lower than the previous year. The performance of the company in the third quarter, which is usually the low season for retail businesses, has also been impacted by several of Thailand's economic indicators including the consumers' confidence index which hit the lowest in 38 months, the floods in the upcountry, as well as the high-base impact of television sales hike in the third quarter of 2018. As a result, the sales growth in this quarter did not meet the target, writes the company in its quarterly report. It continues to say that, for the subsidiaries, Mega Home business has a stable sale, while the operating performance of the Home Pro business was affected by the high-base impact of Goods and Services Tax abolition in 2018.

In the first three quarters, the rate of change remains positive.
Compared to the same period last year, Home Pro's sales income rose in this period by 2.90 per cent to THB 47 046 bn.




|30 October 2019

SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

German DIY stores over-proportionally increase garden sales

The German garden market hardly grew in the year 2019. The overall market volume rose by 0.1 per cent to EUR 18.655 bn. These figures were reported View news...

Coronavirus: Koelnmesse releases information on the current situation

Koelnmesse, event organiser of Eisenwarenmesse - International Hardware Fair, has published the following message in connection with the discussion View news...

Obi increases sales by more than 6 per cent

Obi, market leader in Germany and number three in the European DIY trade, increased its sales by around EUR 500 mio to an overall EUR 8.2 bn last View news...

B&Q’s new convenience store with 6 000 products

British market leader B&Q has opened a store in a new, compact convenience format. Located on a 1 300 m² retail area in Merton in south-west View news...