WashXpress Opens Chiang Mai Branch, Plans 100 New Stores Nationwide in 2026

MGR Online•Economy•18d ago

Reader Briefing

WashXpress Reinforces its Leading Position in the Self-Service Laundry Market with a Strategic Expansion into Chiang Mai and a Nationwide Goal of 100 New Branches in 2026.

•WashXpress, a leading self-service laundry chain, has opened its latest branch in Chiang Mai, marking its entry into Northern Thailand.
•The company plans an aggressive expansion, aiming to open 100 new branches across the country within the year 2026.
•WashXpress aims for 25% revenue growth in 2026 and is investing in customer experience upgrades, including air conditioning and delivery services.
•A new loyalty program, 'P' Wua Club,' offering significant value with a 199 baht annual subscription, has been launched to enhance customer retention.

Overview

•WashXpress has opened a new branch in Chiang Mai, strategically targeting the Northern Thailand market.
•Chiang Mai was chosen due to its dense population, including workers, students, and tourists, and the growing demand for convenient laundry services from the younger generation.
•The opening of the Chiang Mai branch is part of WashXpress's aggressive business expansion plan for the year 2026.
•Gavin Klangkratok, CEO and co-founder of Laundree U Co., Ltd. (WASH), stated that the company achieved over 52% net profit growth last year.
•For the year 2026, WashXpress has set a target for total revenue growth of 25%.
•WashXpress plans to open 100 new branches nationwide in 2026, focusing on enhancing in-store experiences.
•WashXpress is installing air conditioning systems in all 100 new branches to mitigate the impact of PM 2.5 dust.
•The company has launched the 'P' Wua Club' membership program, offering benefits valued at over 1,200 baht for a 199 baht annual fee.

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Key Quotes

Gavin Klangkratok

"Last year, the company generated net profit growth of over 52%, along with a total dividend payout of 0.1788 baht per share, representing a yield of 3.6%."

ปีที่ผ่านมา บริษัทฯ สร้างผลกำไรสุทธิเติบโตกว่า 52% พร้อมจ่ายเงินปันผลรวม 0.1788 บาทต่อหุ้น คิดเป็นอัตราผลตอบแทน 3.6%

Gavin Klangkratok

"For 2026, we aim for total revenue growth of 25% and to open 100 new branches nationwide."

สำหรับปี 2026 ตั้งเป้ารายได้รวมเติบโต 25% พร้อมเปิดสาขาใหม่ 100 แห่งทั่วประเทศ

Key Entities

Organization

WashXpress

A leading full-service self-service laundry chain operating in Thailand.

Laundree U Co., Ltd. (WASH)(บริษัท ลอนดรี้ ยู จํากัด (มหาชน))

The parent company of WashXpress, listed as WASH, which reported significant profit growth.

Place

Chiang Mai(เชียงใหม่)ℹ️

A province in Northern Thailand where WashXpress has opened a new flagship branch.

Person

Gavin Klangkratok(นายกวิน กลองกระโทก)

CEO and co-founder of Laundree U Co., Ltd. (WASH), who shared company performance and future plans.