Asia’s largest convenience store network is committed to expand further in Malaysia through opening more stores and offering parcel locker services to facilitate delivery for online shopping.
Group revenues for the third quarter has reached RM547.8m (US$23.31m), up 4.9% and it’s driven by new store opening, improved merchandise mix and consumer promotion activities. The average spend per customer has increased by 4% during the third quarter, compared with the same period last year.
Releasing the company’s third quarter results, CEO Gary Brown said the network of 2057 stores plans to open 200 new stores annually for the next 10 years.
7-Eleven will start offering parcel locker services in some of its outlets to provide convenience to shoppers who shop online. This is an integral part of an expanding online retail ecosystem that is beginning to grow in popularity in Malaysia.
Brown says the move is to make shopping as convenient as possible and is part of the chain’s evolution in the larger retail space that is not confined to bricks and mortar.
(Source: IGD Retail Analysis)