A retail development concept that worked well five years ago may not succeed today. Retail development has also become tougher and will continue to be so, because of the threat from e-commerce which bypasses the need for bricks-and-mortar stores. This does not mean that retail development has become obsolete; "clicks" or online shopping will not totally replace "bricks". We can see that in the Bangkok retail market where 30 years ago, the retail mix consisted of traditional markets, a few department stores and shophouses. Central also opened Bangkok's first large-scale shopping centre, Central Plaza, in Lat Phrao in 1982.

Source: Bangkok Post October 05, 2016 03:23 UTC