CRC plans up to B18bn investment for store expansionMr Suthisarn says the Middle East conflict may affect foreign arrivals, but the impact on CRC's stores should be minimal. As of 2025, the company operated 76 department stores, 172 Tops stores, 14 GO Wholesale stores, 88 Thaiwatsadu stores and 28 Robinson Lifestyle stores in Thailand. This year the company plans to open 8-10 new Tops stores, two new GO Wholesale stores and 3-5 new Thaiwatsadu stores, said Suthisarn Chirathivat, chief executive of CRC. CRC also wants to renovate two department stores, two Tops stores, two Thaiwatsadu stores and one Robinson Lifestyle store. In a worst-case scenario, if the government reduces its energy subsidy, the company's margins could be affected by around 1%, said Mr Suthisarn.

Source: Bangkok Post March 13, 2026 05:28 UTC