Magazines Archives - 2007 June

Watson’s favours upgrading technology over opening stores
Story 12

RATHER than open new outlets, Central Watson’s Co ltd of Thailand intends to spend more than 300 million baht (US$9.15 million) on upgrade this year. The retail group has set aside 140 million baht to improve its IT systems, with the remaining budget going into staff training, consumer research, A&P campaigns and store expansions.

This shift in business strategy can be seen as a bid to focus more on its 600,000 loyal shoppers, mainly women and university students, instead of seeking to expand its customer base.

Nuanhan Jayanama, Central Watson’s marketing controller, said that the company’s research has shown more and more working women seekina value for money. The retail chain has also raised its A&P budget by 20%. This is aimed at winning over customers who are spending less amid economic difficulties, she added.

Central Watson’s will also add about 10% more to the current 500 items in its private-label range as well as increase the number of exclusive items and offer more products for men, said its general manager, Toby Anderson.


2007 June Stories:

Mega developments mushroom in China

SRA in retail scholarship tie-up with Singapore government

Reliance ventures into consumer durables with first digital store

Tesco starts c-store chain in Japan

Dairy Farm’s growing sales and profits aided by diversity

Philippine retail expects growth to surpass 7%

Marks & Spencer makes returns to Taipei after survey

Visa Asia-Pacific sales growth helps to double global revenue figure

GS Home Shopping shifting focus to Web for revenue

Wal-Mart goes nationwide with Site-to-Store service to boost cross-channel sales

C-stores moving towards cashless transactions

Parkson to grow business by harnessing IT from SAS

Watson’s favours upgrading technology over opening stores

The Store can now issue loyalty cards to customers on the spot

WorldCard brings CRM scheme to retailers

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