The operator of the 7-Eleven chain of convenience stores has confirmed it will open another 700 shops in the Kingdom this year. According to a Bangkok Post report this morning, CP All plans to spend between 11.5 and 12 billion baht on expansion in 2021. The company has opened 155 new 7-Eleven stores so far this year, meaning there were 12,587 CP All-operated stores by the end of the first quarter of 2021.
Chief Financial Officer Kriengchai Boonboapichart says around 4 billion baht will be invested in new projects, subsidiaries, and distribution centres. Between 3.8 and 4 billion will be spent on store expansion, around 2.5 billion on renovating existing 7-Eleven stores, and around 1.4 billion on IT systems and fixed assets.
“We will continue to open new stores, but with a more cautious approach. There are many uncertainties, so we will select locations that can build revenue and…
