Index Living Mall – a Thailand-based furniture retailer owned by Index Interfurn Group has announced its 2020 vision to continue its push beyond Thailand into other ASEAN countries.
With Malaysia, Thailand and Vietnam already witnessing franchise stores the company believes the region’s urbanisation has shifted consumers toward a more modern lifestyle, specially the approach by which they buy and use home-furnishing products.
In Malaysia, Index Living Mall opened its first home-furnishing store in Putrajaya in 2015 in a joint venture with AEON. The company has planned three more stores for Malaysia this year in Kuala Lumpur, Kota Bharu and Johor Bahru in 2016.
“The company aims to double the present 5 per cent contribution to its total revenue from AEC markets by 2020. The company’s total revenue of Bt9.5 billion (US$264.8 million) last year was 5 per cent up on 2014.” stated by MD Kridchanok Patamasatayasonthi.
Index Living Mall expects to grow its annual sales by 10 per cent over the next five years to post Bt10 billion in revenue this year. The company has 25 stores in 17 provinces, of which nine are in Bangkok (Thailand), its home country. It plans to invest Bt470 million this year to open two stores, in Nakhon Pathom and Chachoengsao.