Central Retail Corporation: Our Store Expansion Plans for 2020 Are Intact

The video discusses the impact of state closures on businesses, highlighting the shift to online operations and the growth of ecommerce. It outlines future business strategies, including expansion and acquisitions in Southeast Asia. The video also examines changes in consumer shopping behavior, emphasizing the rise of online shopping as the primary channel. It concludes with a discussion on the potential long-term effects on retail and the need for businesses to adapt to new consumer expectations.

How have state emergencies and closures affected businesses in Thailand and Italy?

• They have resulted in more food sources opening.

• They have had no impact on business operations.

• They have led to increased sales in physical stores.

• They have caused a shift to online operations.

What is the main focus of the business's strategic plans for 2020?

• Focusing solely on physical store sales.

• Halting all investment plans.

• Reducing the number of new store openings.

• Aggressive expansion and growth in core markets.

What significant change in shopping behavior has been observed during the crisis?

• Online shopping becoming the primary channel.

• A decrease in online shopping.

• No change in shopping behavior.

• An increase in physical store visits.

What challenge do retailers face when combining online and offline shopping experiences?

• Increasing the number of physical stores.

• Eliminating all online shopping options.

• Reducing the number of online sales.

• Recreating the emotional components of shopping.

What is the expected long-term impact of the pandemic on consumer behavior?

• A permanent shift away from online shopping.

• A temporary increase in physical store visits.

• No change in consumer behavior.

• A long-term shift towards online shopping.

How are retailers expected to adapt their models post-pandemic?

• By reducing their product offerings.

• By focusing only on online sales.

• By combining online and offline strategies.

• By closing all physical stores.

What is the future focus for retailers in response to the crisis?

• Increasing the number of physical stores.

• Combining online and offline strategies.

• Eliminating all online shopping options.

• Focusing solely on economic growth.