RETAIL COMPETITION
Survey reveals decline in popularity of traditional outlets
- Published: 31 Aug 2012 at 00.00
- Newspaper section: Business
The government should speed up retail and wholesale legislation with clear zones for modern trade outlets after a recent study showed a decline in shopping at traditional grocery shops.
A survey of 2,402 people on consumer behaviour indicated that spending rose by 8.5% but the volume of purchases dropped by 3% compared to last year.
Thanavath Phonvichai, vice-president of the University of Thai Chamber of Commerce, said there had been a change in behaviour with consumers preferring to shop at modern trade venues, which was reflected in the rising market share of sales through this channel.
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