, Thailand
239 views
Source: Central Retail

Central Retail launches Tops Vita

It is considered Thailand’s first O2O vitamins retail.

Central Retail Corporation (CRC) has launched Tops Vita, the first offline to online vitamins retail in Thailand. 

Tops Vita is poised to capture the THB200b market in the country with its O2O strategy. 

“We see Thai consumers’ growing interests in health and beauty, especially during the spread of Covid-19, which has significantly accelerated the growth of the vitamins and supplement market,” Ty Chirathivat, CFO of CRC, said.

“Central Retail anticipated investment opportunities in the health and wellness category, leading to a THB200m investment to launch ‘Tops Vita’, the comprehensive vitamin and supplement store to serve the needs of consumers seeking for best choices in holistic healthcare.”

Read more: Central Retail unveils sustainability goals

CRC noted it plans to expand Tops Vita across 40 locations, including 30 in-supermarket branches, and 10 branches within Tops Care. By 2027, it targets to achieve sales of up to THB1.5b. 

To date, Tops Vita has launched 20  branches in Thailand, including in-supermarket formats in Central Food Hall at Central Chidlom, CentralWorld, Tops market Central Rama 9.

“The company aims to expand to a total of 40 branches within this year and expects to launch a total of 150 branches by 2024 across the nation. ‘Tops Vita’ is considered one of Central Retail’s strategies in the constant exploration of new growth engines, paving way for Central Retail’s #1 position in Thailand within the health and wellness segment,” Ty said. 

“Moving forward, Central Retail continues to expand and invest in new business formats, driving leaping growth across segments and reinforcing its leadership position in every category as the smart retailer inspiring a strong and sustainable future.”

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Brands told to come clean about beauty care
Consumers are more discerning and can easily spot fake ingredient claims.
Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Decathlon gets closer to hybrid Singaporean shoppers through pick-up service
The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.