Mid-sized stores reel from turmoil | Bangkok Post: business

Business > Telecom

Mid-sized stores reel from turmoil

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At least 100 medium-sized information technology stores will close this year due to the unfavourable economic climate and political impasse. 

"IT shops sized over 64 square metres are likely to shut down in the second half of this year as they will not be able to shoulder higher inventory costs due to poor sales,'' said Nath Natnithikarat, chief executive of Advice Holding Group, the operator of the Advice IT franchise.

However, larger IT retail chain stores will survive due to their strong financial health and capacity to diversify into a greater variety of mobile device products.

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