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Convenient boom in Thailand

Thailand is now Southeast Asia’s capital of convenience stores as consumers have dearly embraced modern trade as part of their 21st century lifestyle.

According to Surachet Kongcheep, senior manager at Colliers International Thailand, 7-Eleven commands the lion’s share in the convenience-store market, with around 69 percent, or nearly 7,000 branches, followed by Tesco Lotus Express, with more than 850 branches or a 8.6 percent market share.

But that does not stop the two giants from gaining more ground. The operators of 7-Eleven and Tesco Lotus Express plan to increase their branches by around 500 and 200 per year, respectively. According to plans, there will be 10,000 7-Eleven stores by 2018, 3,000 FamilyMart outlets by 2017 and 850 Mini Big C stores by 2016.