CRC’s hardline segment down slightly in Q3

The hardline segment of Thai retail heavyweight Central Retail Corporation (CRC) saw sales weaken slightly in the third quarter of 2024 due to a slowdown in demand as well as stiff competition. CRC’s hardline segment, which trades under the brand names Thai Watsadu, BnB Home, Nguyen Kim, and others, reported a 2.9 per cent dip in sales for the period of July to September 2024, when it made THB 17.423 bn (Thai baht, EUR 478.509 mio).

“Thailand sales witnessed a slight decrease due to a slowdown in demand for electrical appliances,” the company said. “Vietnam saw a decline in sales, reflecting consumer prudence and high competition,” it added.

This was despite the launch of two new Thai Watsadu outlets in Bangkok and Utha Thani province, respectively. The company however,  found consolation in its growing ominchannel business, which chalked up a seven per cent increase in sales compared to…