Gourmet Market expansion back on track
What: The Mall Group is resuming the expansion of its Gourmet Market branches after being put on hold for three years due to the impact of the pandemic.
Why it is important: The group is ready to move forward with opening more locations as consumer spending recovers.
The sales of all Gourmet Market branches have recovered by 80 to 90% in the first four months of the year and have also shown double-digit growth in comparison to the same period last year.
The company invested THB 100 million to open a stand-alone branch at Design Village Bangna, which will cover more than 2,500 square meters and offer more than 30,000 premium products and fresh food.
The new location looks to target families and foreigners living in Bang Na district, which is one of the most lucrative areas, as well as tourists due to the store’s proximity to the airport.
The Mall Group has plans to open one to two more locations this year as well as the renovations of two existing branches. Additionally, the company has 10 locations set aside for future openings.