Lotus to open 80 new hypermarkets
Ek-Chai Distribution System Co, operator of Lotus’ hypermarkets is investing more than USD350 million in expansion plans. The spending will focus on opening new Lotus’ stores, small retail formats, and refreshing existing stores to become “Everyday Smart Community Centres” for customers with the upgrading of its tech infrastructure and online systems. The company aims to open 70-80 Lotus’ stores, including a new Lotus’ smart premium supermarket opposite the Iconsiam shopping complex, and refresh 208 of its existing stores in the remaining half of the year. Currently, there are 2,279 Lotus’ stores nationwide.