The BBC, the Telegraph and the Bangkok Post, among others, are carrying “crack-down” stories that highlight potential restrictions on Tesco and other foreign retailers in Thailand. Before the coup, I wrote about the uncertain position of large international retailers, particularly those seeking to open dozens of new stores in the far-flung corners of the Kingdom. The mega-store conglomerates were already under some pressure before the recent change to military leadership.
In the context of their many other “tough love” measures, it would make sense if the military regime was to now clamp down on foreign retailers, including Tesco. Bigger, better and more extravagant shopping “experiences” may even, in some (soldierly) eyes, symbolise the excesses and waste of the Thaksin era.
But would this be the death rattle for the nation’s love affair with air-conditioned mega-stores, whether foreign or locally owned?
I doubt it, I really do.
Tesco, and all the rest, have now outwitted, outplayed and outlasted both the Chuan and Thaksin governments. One would imagine they will outlive the military junta as well. Thais still love Tesco, even if Thaksin is on the nose. The retail revolution has been underway for almost a decade. It would take some unusual political will, and the risk of a popular backlash, to stand in its way.
0 responses so far ↓
Add your comment in the form below.
Leave a Comment
Please note: New Mandala encourages vigorous debate. However, for the moment we will only be publishing high-quality comments that make original contributions to discussion. There will, of course, still be space for pithy, humorous, eccentric and cheeky input. Short and sweet will usually trump long and involved. Repetitive ranting, unimaginative point-scoring and idle abuse will not be entertained. Comments which carry a real name are also more likely to be approved. Thank you for your ongoing interest and contributions.