7-Eleven Thailand passes 10,000 milestone
In this article (5)
Expansion by 7-Eleven Thailand has outpaced Japan, with the convenience store network reaching 10,007 by the end of June.
It took CP All, under Thai conglomerate Charoen Pokphand Group, 28 years to reach the 10,000 mark since its first outlet for the Japanese brand opened.
CP All plans to add about 700 outlets this year, hoping to reach 13,000 within the next four years. The company says it is poised to allocate 60 per cent of its planned capital expenditure of THB9.5 billion (US$286.3 million) to THB10 billion this year for store expansion and renovation.
The franchise outpaces other Japanese convenience-store brands in Thailand, FamilyMart having 1136 stores at the end of July and Lawson 85 at the end of February.
Regionally, 7-Eleven stores had grown to 14,699 by the end of June, accounting for nearly a quarter of the global total. Locations include Malaysia, the Philippines, Singapore and Vietnam. Japan had 19,588 stores.
Questions & Answers
Q.Which country has more 7-Eleven stores, Thailand or Japan?
Which country has more 7-Eleven stores, Thailand or Japan?
Japan has 19,588 7-Eleven stores, significantly more than Thailand's 10,007 by the end of June. However, the article notes that 7-Eleven Thailand's expansion has outpaced Japan's.
Q.How long did it take for 7-Eleven Thailand to reach 10,000 stores?
How long did it take for 7-Eleven Thailand to reach 10,000 stores?
It took CP All, the company operating 7-Eleven in Thailand, 28 years to reach the 10,000 store milestone. This is counted from when the first outlet for the Japanese brand opened in Thailand.
Q.What is CP All's capital expenditure plan for store expansion this year?
What is CP All's capital expenditure plan for store expansion this year?
CP All plans to allocate 60 per cent of its capital expenditure this year to store expansion and renovation. The total planned expenditure ranges from THB9.5 billion (US$286.3 million) to THB10 billion.
Q.How do other convenience store brands in Thailand compare to 7-Eleven's store count?
How do other convenience store brands in Thailand compare to 7-Eleven's store count?
7-Eleven significantly outpaces its rivals in Thailand. FamilyMart had 1,136 stores by the end of July, and Lawson had 85 stores at the end of February, compared to 7-Eleven's 10,007 stores.
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