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Showing posts with label Convenience store. Show all posts
Showing posts with label Convenience store. Show all posts

Sunday, October 28, 2012

Stock News 2012: 7-11 reinvents retail shopping

7 Eleven sign in L.A.
7 Eleven sign in L.A. (Photo credit: Tommy Ironic)

In an effort to meet and bridge the needs of changing lifestyles, world-renowned convenience store 7-Eleven reinvents retail shopping with a new design along with a brand re-imaging campaign that aims to boost the chain’s sales and customer traffic.

Following the same success of its Taiwan prototype, the c-store’s recent upgrade came after more than 25 years since it first arrived in the country through its exclusive licensee, Philippine Seven Corp. (PSC).

According to the company’s research, the reinvention of the store, which includes re-layouting, improved display visuals and inclusion of energy-efficient technology as part of the “store of the future” design principles, makes it easier for customers to shop, and enjoy the whole shopping experience.

“By elevating the shopping ambiance in our stores, customers are attracted to spend more time, thus are more likely to buy more items. Our island food table, for example, is very helpful in motivating and informing our patrons of the latest food products while optimizing space,” said Francis Medina, Business Development Division Manager for PSC.

The sleeker floor space design -- which is patterned after 7-Eleven Taiwan c-stores but with customized functional features that fit Filipino consumers’ preferences – transformed the entire area into an efficient work and customer space.

The new “de-cluttered” format will also prevent customers from feeling like they are in a cramped store and gives them more room to browse and shop at ease, he noted.

Besides the maximized space, the new store layout has also allotted a significant area for in-store dining, complete with wider tables and more seats. Improved graphic food banners were also utilized, as well as an island food table that makes quick viewing of perishables, fresh foods and other quick-serve offerings.

“The island food table is a very new concept, and indeed worked best in bringing the food products closer to people, and the image of 7-Eleven as not just a convenience store but as a viable food shop,” Medina added.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=864464

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Tuesday, July 5, 2011

Stock News 2011: 7-Eleven chain sees P10-B revenues

7-eleven shopfrontImage via Wikipedia
Philippine Seven Corp., operator of the country’s largest convenience store chain 7-Eleven, expects sales to hit P10 billion this year from P9 billion last year as the company is lording it over competition with 750 total stores by end of this year.

Victor Paterno, president and CEO Philippine Seven Corp., told reporters at the press launch for the Franchise Asia Conference 2011 to be held here in September this year, they are going to open its 600th store on Wednesday in McKinley Hill, Fort Bonifacio .

They have targeted to open 150 new stores this year of which 60 had been opened already. There were only 500 7-Eleven stores last year with 50 percent located in Metro Manila.

With the aggressive store openings, the company has allocated between P600 million to P700 million capital expenditures this year.

Its closest competitor is Mini-Stop but is way below in terms of the number of stores. 7-Eleven accounts for 50 percent of the total convenience store sector.

7-Eleven has also saturated most call center buildings in the metropolis with an estimated 100 stores.

http://mb.com.ph/node/325441/7eleven-chain-


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