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English to Thai: Hypermarket Squeezed Fear General field: Bus/Financial Detailed field: Retail
Source text - English Small and medium-sized suppliers are worried that the acquisition of Carrefour operations by Big C will make it more difficult for them to sell their products through hypermarkets.
Suppliers will face higher costs if they want to push their products onto hypermarket shelves, said Somboon Prasitjutrakul, president of the distributor DKSH (Thailand) Limited.
The enlarged Big C chain, with 103 hypermarkets, would have bargaining power on par with the 116-outlet market leader Tesco Lotus, he said.
"It's good to see a balance among suppliers and bargaining power and consumers will gain the most," he said.
Tesco Lotus, which has good strategic locations and marketing plans, does not expect to experience any serious impact from Big C's purchase of 42 Carrefour stores.
Big C and Tesco Lotus declined to comment on the supplier issue. Tesco Lotus said its hypermarket stores totalled only 87, lower than the figures used by Big C and stock analysts. The chain has 704 outlets in all formats, most of them convenience stores and small supermarkets.
Little impact is expected on Tops supermarkets, 7-Eleven convenience stores and small supermarket chains, as they position themselves in different markets with different customers, said analysts.
English to Thai: Retailers bullish on 2011 despite political unease General field: Bus/Financial Detailed field: Retail
Source text - English Giant retailers are optimistic about Thailand's retail outlook next year.
Among the many factors supporting the notion of improved retail performance are the nascent rebound in foreign tourist numbers and recent increase in the benchmark interest rate that, along with inflation, will prompt increased purchases of goods ahead of feared price rises.
As well, a general election is planned for next year.
Tos Chirathivat, the chief executive of Central Retail Corporation (CRC), said absent any further political chaos, the retail outlook for 2011 should be brighter with no serious worries.
He did express continued concern about Thailand's image, which was damaged by the recent political unrest. Still, the company is targeting 10% retail sales growth next year.
Despite the political uncertainty, Mr Tos said this year's sales could achieve a 10% increase to 90 billion baht for a 20% rise in net profit.
Prior to the outbreak of hostilities in Bangkok, CRC sales jumped by 15% year-on-year in the first four months for a net profit increase of 30-40%, he said.
This year's growth performance is expected to be slightly below earlier projections due to the loss of 300 million baht in sales from the recent heavy floods in Hat Yai, which damaged the group's retail stores, including Central Department Store and Tops Supermarket.
However, Carrefour's takeover by Big C will not have a big effect on the retail market, said Mr Tos.
He said Carrefour ranked only fifth in the local retail market, and without it the other players will continue their normal competition, with consumers gaining the most in the end.
Kriengsak Tantiphipop, the executive chief marketing officer at Siam Paragon Development Co, the owner of Siam Paragon shopping complex, said his company was upbeat about the retail market next year, as the political environment has returned to normal along with tourist numbers.
This year, most household incomes have risen thanks to salary and minimum wage adjustments and rising prices of farm products. Overall demand has increased accordingly.
However, Mr Kriengsak said a close watch must be kept on many factors including the European financial situation, the global economy and baht activity.
"I'm still not sure how these indicators will affect spending mood," he said.
The company plans to increase its marketing budget by 20% from this year's 400 million baht to stimulate shopping at the complex.
Sales at Siam Paragon are expected to increase by 5-6% from almost 9 billion baht this year.
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