Word: boonyoong
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...governments to ban them, not to mention rocket attacks, chains, including France's Carrefour and U.S.-based Wal-Mart, are ramping up plans to open hundreds of new outlets throughout the region over the next several years. The onslaught threatens to run local retailers right out of business. Says Boonyoong Vimuttayon, a Bangkok grocery store owner who has seen her sales decline by more than half since a Tesco Lotus store opened up the street four years ago: "The foreigners get richer and richer, while we get poorer all the time...
...Asian retailers call it dirty pool. Cluttered neighborhood grocery stores, dingy street-front shops and noisy central-market stalls that have long served the region's consumers are no match for the modern, monolithic superstores. Boonyoong, the Bangkok grocer, can't beat superstore prices and selection and never will. Mom-and-pop operations have no economies of scale. "I was thinking my business might be in trouble when Tesco Lotus first opened," says Boonyoong. "Today I know...
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