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Britain's Tesco considers Asia exit


webfact

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4 minutes ago, saengd said:

Are you sure about Makro?

 

"Makro is an international brand of warehouse clubs, also called cash and carries. Ownership of the worldwide chain of stores is split between two companies: Metro AG in Europe and SHV Holdings in Latin America. SHV opened the first Makro in Amsterdam in 1968".

 

https://www.siammakro.co.th/en/about_structure.php

Yes I am sure...Makro is an international brand of warehouse clubs, also called cash and carries. Ownership of ... In 2013, SHV sold Siam Makro Pcl. (Thailand) to CP ALL, a subsidiary of CP Group. In 2014 

Regards Worgeordie

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56 minutes ago, lopburi3 said:

While Carrefour was operating they had a good selection of items not found elsewhere, if you could figure out the logic as to where items were placed.  It was a nightmare finding anything for this customer but they often had good items at fair price and if not looking for something specific a pleasant shopping experience.  As Big-C extra find them selling mostly street stall quality in bulk and not a place I care to shop - but admit this may just be due to the 2 branches I have access - but not a happy shopper at either.

Carrefour (here in Pattaya) was great. Big-C Extra was never the same anymore.

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2 hours ago, webfact said:

stores in the Czech Republic, Hungary, Poland and Slovakia.

Which are losing money they keep them and sell Thai and Malaysia

stores which are making a profit they are selling, I suppose they are

looking at its easier to sell business that is making a profit,plus they

will get a premium when they repatriate the funds.

 

I Don't really shop at Tesco they have the worse selection of products

of the major supermarkets,plenty of noodles,soft drinks,poor selection

of Farang products,their Tea was good and cheaper than what's available,

used to have cheapest tins Corn Beef,but no longer stock it.

regards worgeordie

 

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26 minutes ago, bignbad said:

Complete reversal in Phetchabun, Big C empty,  Lotus Tesco and Macro packed to the doors!

Interesting. Of course there's more than just the 'name on the door' that pulls in the punters. Location, accessibility and parking all play their part as well.

 

Oddly enough our Big C is right in the middle of town, 'centre stage' so to speak and although traffic and parking can be PITA it still pulls them in. I think it's probably it's the access to surrounding facilities as apposed to Tesco's more remote location that could be a factor.

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I'm sure the CP family or someone similar will be interested in the purchase.... 

Groupe Casino SA agreed in February 2016 to sell its stake in Thai hypermarket operator Big C for €3.1 billion (US$3.46 billion) to Thai billionaire, Mr Charoen Sirivadhanabhakdi.

I'm sure another acquisition could be made to further their stronghold in the market.

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1 hour ago, Moonlover said:

Tesco and Big C are the two main supermarkets in Sakon Nakhon. Of the two, Big C draws far more customers. Even on busy shopping days it's possible to stroll around unmolested in Tesco whilst in it's opposite number it's like being in a rowdy football fan crowd.

 

I don't understand why this marked difference, but as far as Thais are concerned, Big C has got what it takes to pull the crowds in.

 

I'll be sorry to see Tesco go as we use their Mini Store just a few kms away quite a lot.

Thais in the Moobaan love Big C , I don’t like it myself

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2 hours ago, Orton Rd said:

That was because they were all spending their free 1k baht in there, we did the same in our local one we rarely go in. I prefer Tesco, or Lotus as all the Thais call it for wine etc, the rest of the stuff you can buy anywhere

What " FREE 1k Baht was that ??"

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In my area (Ayutthaya/Sena) I find Bic C to the more convenient option. The big Lotus Tesco at the mall is pretty good, but it's a PITA to shop at because -- well, mall. The Big C down the road has a comparable selection with easier, closer access to parking. But I'm a pretty lazy guy, so there's that.

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2 hours ago, scubascuba3 said:

Tesco just isn't as popular in Thailand, the small stores are a 3rd or 4th choice for me. The big stores aren't busy (compared to Big C Extra) and the prices aren't attractive enough to make the effort and go there

And still they make over 170 million pounds in profit. I guess some persons still find them attractive enough.

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3 hours ago, webfact said:

Tesco trades from 1,967 stores in Thailand and 74 in Malaysia. In the six months to Aug. 24 the businesses together generated sales of 2.6 billion pounds ($3.3 billion), up 1% at constant exchange rates, and operating profit of 171 million pounds, up 42.3%.

 

3 hours ago, webfact said:

If Tesco does quit Thailand and Malaysia, its only overseas operations, apart from Ireland, will be its loss-making central European division, consisting of stores in the Czech Republic, Hungary, Poland and Slovakia.

 

I know which arm of the business I'd want to sell off first.

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2 hours ago, scubascuba3 said:

Tesco just isn't as popular in Thailand, the small stores are a 3rd or 4th choice for me. The big stores aren't busy (compared to Big C Extra) and the prices aren't attractive enough to make the effort and go there

....and yet, whenever I go to Tesco they have lots of specials and are cheaper than Big C, the smaller local stores are very handy. Go figure.

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We had a Bic C supermarket open near us, in Somdet (Kalasin) and it did pretty well. Then Tesco built a bigger place almost next door and Big C business plummeted to next to nothing. You can almost see the tumbleweed blowing through the empty parking area, they have just one till open, all the small businesses inside have closed and staff have even greeted us at the door and thanked us for shopping there as we left. It is blindingly clear which company people prefer.

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Went to Makro today, always annoying there, till where you can't put anything down, can't see the digital display to check the prices and the price i bought was different to that displayed and prices for some things i was looking for higher price than 7 Eleven so went there after. Always irritated going to Makro and yes I shouldn't go

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2 hours ago, lopburi3 said:

While Carrefour was operating they had a good selection of items not found elsewhere, if you could figure out the logic as to where items were placed.  It was a nightmare finding anything for this customer but they often had good items at fair price and if not looking for something specific a pleasant shopping experience.  As Big-C extra find them selling mostly street stall quality in bulk and not a place I care to shop - but admit this may just be due to the 2 branches I have access - but not a happy shopper at either.

Carrefour is the one with minced meat containing minced lungs, hearts and more of those delicasies...????

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2 hours ago, Estrada said:

Rubbish... last month in Tesco Seacon Square, there were so many customers that they were queing right back to the rear of the store. I had to wait a month for the situation to improve. It is always busy. Prices are mostly cheaper than Macro, Tops, Big C and Villa. I always compare prices and pick the bargains from each outlet. Some items are used as loss leaders so sometimes one outlet is cheaper for some essentials than others. You just have to get to know the particular outlets special offer rotation.

My experience is that BigC is the lowest quality junk at the highest prices (last failed BigC shopping example - something to clear your blocked drain. Try it).

 

I live near the Bangphli branch... Prices at Makro can be inconsistent - Tesco is generally better, though I buy some things cheaper in Makro... Tops are the 'Waitrose' of Thailand, the wealthy option where cost is not an issue in finding something perhaps a little higher quality... but you end up paying a LOT more for your carrots in Tops.

 

The main problem I find shopping at the Bangphli branch is the stupid system for weighing fresh produce... they just aren't set up right and often it's hard to find someone to weigh your spuds.

 

 

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3 minutes ago, scubascuba3 said:

Went to Makro today, always annoying there, till where you can't put anything down, can't see the digital display to check the prices and the price i bought was different to that displayed and prices for some things i was looking for higher price than 7 Eleven so went there after. Always irritated going to Makro and yes I shouldn't go

 

I find that my local Makro has enormous difficulty in putting any price at all on many of their products. Sometimes I need to ask the price of several products I might want to buy because it isn't shown. Usually applies to the stuff in freezers - so many items in there that there's no room to display the price of them all. Surely not too difficult to solve but, as we know, Thais aren't very clever at organising.

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If UK Tesco's is looking at generating income to boost its UK market then I would have thought selling the stores that are currently losing money, Poland, Hungary etc would make more sense than selling profitable stores in Asia. Or am I missing something ?

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10 minutes ago, generealty said:

If UK Tesco's is looking at generating income to boost its UK market then I would have thought selling the stores that are currently losing money, Poland, Hungary etc would make more sense than selling profitable stores in Asia. Or am I missing something ?

Maybe they know something we don't....or we do

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30 minutes ago, generealty said:

If UK Tesco's is looking at generating income to boost its UK market then I would have thought selling the stores that are currently losing money, Poland, Hungary etc would make more sense than selling profitable stores in Asia. Or am I missing something ?

It would be more difficult selling a business that's making a loss,

it would be a fire sale,easier to sell Thai business,suppose CP would

be in the market to buy it back,and Tesco would get a premium when

they repatriate the funds back to UK.which they could use to turnaround

the Eastern European Supermarkets then sell them.

regards Worgeordie

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TESCO-Lotus's prices are not lower than Makro's or Big C's, but lower than Top's in central plazas. But generally its quality is higher and looks more hygenic. However, its discounted prices towards the end of the day for food items that won't keep are not 50% discount as at other  establishments but only 10 Baht lower on the first round and 40 Baht lower on the second round 30 minutes later  (for its roasted duck, chicken and pork leg). However, its cooked unappetising dishes like chicken fried in ginger, veggie soup, rice with fried egg or pork with basil and watery curries are at half price (17 Baht). 

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Lotus is the low end supermarket. Thais flock there every payday. Must be quite profitable. Only thing I buy from there are some wines, when they happen to have some odd batch and casino brand imports. In other words, the legacy goods that somehow got transferred from Carrefour. Should Thais buy it and stop the imports, no reason to go anymore.

 

EDIT: Or am I confusing with BigC .. not sure. I rarely use either these days. Makro FTW.

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3 hours ago, hansnl said:

Quite so!

Makro and Big C are Thai now, and not worthy of interest.

All vestiges of "farang" articles are gone, mostly, prices are the same, and lately Tesco is going the same way.

Local store scrubbed out the last of the farang items about a year ago. Lucky to find macaroni there, now. Add in the fact that they don't want to give plastic bags and there is no need to go there.

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4 hours ago, lopburi3 said:

While Carrefour was operating they had a good selection of items not found elsewhere, if you could figure out the logic as to where items were placed.  It was a nightmare finding anything for this customer but they often had good items at fair price and if not looking for something specific a pleasant shopping experience.  As Big-C extra find them selling mostly street stall quality in bulk and not a place I care to shop - but admit this may just be due to the 2 branches I have access - but not a happy shopper at either.

A big box chain in USA uses the tactic of moving stuff around.  This way more items are purchased as one wanders around looking for what was originally on your shopping list.  It’s a tactic that works apparently. 
 

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