The number of 7-Eleven stores here in Thailand is set to hit the 11,000 mark after the popular convenience store chains owners the CP All group Plc plan to spend an additional 7 billion baht this year to add an additional 700 stores across the kingdom.
The new stores will be divided evenly between franchises and self-owed businesses.
As a result of Thailand’s improving infrastructure and government investment in projects such as the Eastern Economic Corridor which is bringing increased foreign investment other convenience store chains and supermarkets are also expanding their number of branches including Tesco, FamilyMart and Big C.
The 2nd “7-Eleven Sustainable Thai SMEs” conference was held yesterday where speaker Suwit Kingkaew noted that the spending power of Thai consumers has increased considerably over the last year.
Sales of SMEs (small and medium sized enterprises) products have grown by 20 percent over the course of 2017.
It is estimated that the 7-Elevens across Thailand sell products to 30 million customers per week.
CP All reported that over the course of 2016 they received 452 billion baht in revenue and increase on the 406 billion baht generated in 2015.
Current projections estimate that the company will earn 480 billion baht over the course of 2018.
Source : Bangkok Post
Content : LovePattayaThailand