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CP All to roll out 700 7-Eleven stores in Thailand

7-Eleven Taiwan
A 7-Eleven store in Taiwan.

Thailand’s CP All will expand its 7-Eleven store network with 700 new outlets this year. 

According to Bangkok Post, CP All will invest approximately US$380 million in the expansion plan. The company opened 155 stores during the first quarter of this year, increasing the 7-Eleven store number to 12,587. 

Chief financial officer, Kriengchai Boonboapichart, said CP All will spend about US$128 million on new projects, subsidiaries and distribution centres, US$121 million on store expansion, and US$108 million on store renovations. The remaining is slated for fixed assets and IT systems. 

“We will continue to open new stores but with a more cautious approach,” said Boonboapichart.

“There are many uncertainties, so we will select locations that can build revenue and have real demand from customers.” 

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