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.
