Retailers Refusing To Let Economy Dampen Spirits

Thailand's leading grocery retailers have remained in bullish mood about their 2008 sales prospects despite the impact that global economic sluggishness and weak domestic consumer confidence are having on spending in the country. Market leader CP All and the local subsidiaries of French giants Casino and Carrefour have all held firm on their growth projections, underlining the view that retailers simply cannot afford to ease off on their expansion efforts if they are to remain competitive.

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