The Thailand-based retail giant has announced plans to launch 200 new CJ Supermarket Stores and 50 CJ More Stores annually for the next three years.
Over the past 15 years, the company has grown steadily and rapidly and now operates 530 branches in 27 provinces. The brand has now said that it is looking to boost its portfolio to 1500 stores with a total associated cost of $239.1M.
CJ Express has recently opened it’s first-ever CJ More Store. Located on the ground floor of 393 Silom Building on Silom Soi 7, the store occupies a space of 1200sq m and is expected to draw as many as 1000 visitors per day.
“The retail business is not as easy as expected. We take time to learn and our business has just seen 20 per cent average growth a year over the past three years. We are ready to move further and compete in Bangkok’s retail battlefield with the launch of CJ More, a new compact community mall model to build our retail brand awareness,” commented Sathien Setthasit, the company’s Chairman.
