CJ More Targets 2,500 Stores and 2029 IPO

CJ More Co Ltd, the operator of CJ More convenience stores, is preparing for another major phase of expansion, with plans to increase its nationwide store network to 2,500 outlets and pursue an initial public offering (IPO) in 2029.

The company is mapping out its growth strategy as it seeks to strengthen its presence across Thailand. The expansion will focus on increasing the number of stores in both existing markets and areas where the retailer sees further potential for growth.

CJ More has grown from its regional roots into a nationwide retail business, offering groceries, household products, fresh food and other everyday necessities. Its store network has expanded significantly in recent years as demand for convenient retail formats continues to develop.

The planned increase to 2,500 outlets would further broaden the company’s reach and place greater emphasis on serving communities outside Thailand’s major urban centres.

Alongside the store expansion, CJ More is preparing for a potential stock market listing in 2029. The IPO plan would provide the company with another avenue to raise capital as it continues investing in its retail network and long-term business development.

The company had previously considered a public listing, but its earlier IPO plans were delayed amid challenging market conditions. The latest timetable indicates that CJ More is once again positioning the listing as part of its longer-term corporate strategy.

The retailer’s expansion comes as competition in Thailand’s convenience and modern retail sector remains intense, with major chains continuing to add outlets and develop new formats to attract consumers.

CJ More is expected to continue refining its store model while expanding its geographic coverage. Its strategy will be closely linked to consumer demand, local purchasing patterns and the broader development of Thailand’s retail market.

If the expansion proceeds as planned, the 2,500-store target would mark another significant step in CJ More’s transformation from a regional retailer into a nationwide convenience-store operator ahead of its proposed 2029 IPO.