7-Eleven to soon reach 2015 goal of opening 5,000 outlets in Taiwan
Central News Agency
2014-03-25 11:15 PM
Taipei, March 25 (CNA) President Chain Store Corp (PCSC), which operates the nation's largest convenience store chain, 7-Eleven, said Tuesday that it will achieve its 2015 goal of opening 5,000 outlets in Taiwan a year early.

It will also target establishing larger shops with floor space of more than 30 pings (1 ping is equal to 3.306 square meters), the company's top official said Tuesday. PCSC President Ray Chen told the media that opening more than 5,000 stores was the mid-term target set for 2015 but said his company will reach this figure by the end of this year. As the larger outlets generate better store benefits, 7-Eleven, with 61 percent of its stores covering floor space of up to 30 pings, will aim at opening more shops larger than 36 pings, Chen said, adding that it currently has around 1,000 40-ping stores. The number of outlets around the world will increase from 7,714 last year to over 8, 000 in 2014, Chen said.

PCSC, which recorded earnings per share of NT$7.73 (US$0.25) last year, also hopes to open more than 100 stores in Shanghai and 1,200 in the Philippines this year.

(By Hsu Hsiang-hsin and Maia Huang)

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