Page 107 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Central Retail’s department stores in Italy comprises collection of Rinascente Department Store, the premium
department stores, which serves as the flagship luxury fashion retail banner, befitting one of Europe’s premier
retailers. Rinascente Department Store’s first flagship store in Milan was opened more than 150 years ago, and is
now one of the “must visit” shopping destinations in Europe, given its proximate location to the Duomo, the most
visited landmark in Milan for locals and tourists. Most of Rinascente Department stores are located in prestigious
historical buildings in city centers or recognized heritage sites. Rinascente Department Store is positioned at
the forefront of the luxury and affordable luxury retailing market and offers a premier shopping experience to its
customers that includes food and dining options alongside an optimized mix of merchandise offerings. Rinascente
Department Store constantly adapts to changes in the luxury market, frequently renovating and refreshing stores
while maintaining a historical ambiance designed to attract the most prestigious international luxury brands.
Rinascente Department Store’s specialized offerings in the luxury and tourism arena constitute a niche retail segment
that can be found throughout Europe. As of 31 December 2021, Central Retail operated 9 Rinascente Department
Stores in major cities across Italy.

Sales and Productivity

The following table presents the total sales of goods, average sales per square meter and same store sales growth
for the key retail categories under Fashion segment for the periods presented.
Year ended 31 December
2019 2020 2021

Total sales of goods (THB millions) (1)
Department stores and specialty retail
49,145 37,366 31,587
in Thailand (2)
Department stores in Italy 14,537 8,461 10,937

Other 599 395 286
(3)
Total 64,280 46,222 42,810

Average sales per square meter (THB / month)
Department stores and specialty retail
3,405 2,583 2,225
in Thailand (2)
Department stores in Italy 20,304 11,332 14,719

Same store sales growth (%) (4)
Department stores and specialty retail
-4 -29 -16
in Thailand (2)
Department stores in Italy +2 -46 +33

Plaza under Fashion Segment in Thailand

Robinson Lifestyle
Rental income (THB millions) 3,298 2,649 2,702

Average rental income per square meter
808 585 560
(THB / month)
(1)
Includes both in-store and online sales.
(2) Includes department stores and CMG brandshops.
(3) Includes The Outlet 24 (which ceased operations during the third quarter of 2019), LOOKSI, ROBINS Department Store in Vietnam, and Komonoya
(4) SSSG is the change in the contribution to total gross sales between two periods made by the relevant stores on a standalone basis under
each of key retail banners.

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