Wed, Feb 12, 2014 - Page 14 News List

Convenience stores cash in on Lunar New Year

By Amy Su  /  Staff reporter

The nation’s two biggest convenience store operators posted growth in revenue for last month as the Lunar New Year holiday helped boost demand for food and beverage products.

President Chain Store Corp (PCSC, 統一超商) — which operates the nation’s largest convenience store operator, 7-Eleven, posted 7.32 percent growth in consolidated revenue at NT$17.67 billion (US$581.14 million) last month, up from NT$16.47 billion a year ago, the company said in a statement.

The figure represents a 3.62 percent month-on-month increase from NT$17.06 billion in December last year.

The company attributed the growth to the contribution of parcel delivery unit President Transnet Corp (統一速達) and beverage brand Afternoon Tea Taiwan Corp (統一午茶風光).

Sales also rose because of increased demand during the travel and gift-giving season, the convenience store operator said.

Traveling during the holiday boosted sales in convenience stores, the statement said.

“That drove sales of fresh food and beverage products up by 10 percent last month [from a year earlier],” the statement said.

Taiwan FamilyMart Co (全家便利商店) saw similar growth momentum.

FamilyMart, the nation’s second-largest convenience store operator with 2,900 stores nationwide, said on Monday that consolidated revenue rose 7.32 percent to NT$4.45 billion last month, from NT$4.14 billion a year earlier.

The figure meant a 3.31 percent from NT$4.3 billion in December last year, according to a company statement.

Family Mart attributed the growth to its fresh-food sector, which saw revenue last month rise 15 percent annually.

Sales of transportation, exhibition and recreational tickets also expanded more than 20 percent last month from a year ago, with sales of gift boxes up 10 percent year-on-year, company data showed.

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