Wed, Jan 12, 2011 - Page 12 News List

Convenience stores post record sales

By Jason Tan  /  Staff Reporter

President Chain Store Corp (PCSC, 統一超商), the operator of the nation’s 7-Eleven stores, saw revenue increase 12.7 percent to hit a record NT$114.7 billion (US$4 billion) last year as consumers spent more on food and beverages after the economy picked up steam.

Revenue for last month also rose 9.9 percent year-on-year, thanks to consumers spending on the chain’s own brand “7-Select” products and purchasing its freshly brewed coffees, PCSC said in a statement on Monday.

Uni-President Hankyu Department Store (統一阪急百貨), in which PCSC holds a 70 percent stake, is aiming to expand sales to NT$7 billion this year, from NT$4 billion last year, the Chinese-language quoted the mall operator’s general manager Wang Po-ming (王寶銘) as saying yesterday.

There are two Uni-President Hankyu stores in Taiwan, one in Kaohsiung and one in Taipei.

The Taipei mall will contribute NT$5 billion in sales, while the Kaohsiung outlet’s goal is NT$2 billion, Wang said.

The Taipei mall, opened late last year, is expected to post marginal losses this year, and hopefully break even next year, he said.

Meanwhile, Taiwan FamilyMart Co (全家便利商店), the second--largest convenience store chain in the nation, saw revenue reach a record NT$43 billion last year, up 9.6 percent from 2009.

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