7-Eleven operator aims to reach 4,100 stores in PH by end-2024
FILE PHOTO: The Philippine licensee for 7-Eleven convenience stores is planning to end 2024 with 4,100 branches nationwide, with the expansion partly driven by growth in the urban capital region, according to one of its top executives. To date, Philippine Seven Corp. (PSC) head of finance and investor relations Lawrence de Leon said they have 4,022 stores in the country. The company’s 4,000th 7-Eleven store is located in Newport District, Pasay City. Photo by Leo M. Sabangan II/INQUIRER
The Philippine licensee for 7-Eleven convenience stores is planning to end this year with 4,100 branches nationwide, with the expansion partly driven by growth in the urban capital region, according to one of its top executives.
In a press conference late Tuesday afternoon, Philippine Seven Corp. (PSC) head of finance and investor relations Lawrence de Leon said they have 4,022 stores to date.
“Recently, we are seeing growth resuming in Metro Manila. That’s why in terms of the market development plan, new stores are also anticipated to open,” he said.
According to the company’s disclosure last August, its net income had grown 14 percent to P1.76 billion during the first six months of 2024.
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Article continues after this advertisementThe company is also celebrating the establishment of its 4,000th 7-Eleven store, which is located in Newport District, Pasay City.
Article continues after this advertisementIt was likewise celebrating 40 years in the Philippines this 2024.
The first 7-Eleven store was opened back in February 29, 1984 at the corner of Edsa and Kamias Road in Metro Manila, according to the PSC.
Earlier in July, the company said it plans to spend P4.5 billion this year to refurbish old 7-Eleven stores while rolling out new ones.
Luzon currently serves as 7-Eleven’s largest market with nearly 3,000 stores, while Visayas and Mindanao have more than 500 and more than 400 stores, respectively.
