Siam Makro is reportedly forecasting a 10% sales increase for this year due to new store openings and higher revenue from existing stores.
Reuters today (13 July) reported the targets set by the SHV Makro-owned Thai cash-and-carry wholesaler and its plans to invest THB1.5bn (US$46.35m) in opening four new outlets.
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“We should be able to achieve a growth target of more than 10% this year, although it might be as high as the 16 percent growth in the first quarter,” MD Suchada Ithijarukul said.
“The economic outlook, exports and tourism should improve in the second half on condition that the political situation remains stable.”
The company opened three new branches in the first half of 2010 and planned to open one more in the second half to take its total to 48 at the end of 2010.
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