President Chain Store Corp (統一超商), which opened the first convenience store at Taiwan Taoyuan International Airport’s Terminal 2 on Wednesday, said yesterday last month’s sales rose 20.64 percent year-on-year to NT$10.04 billion (US$322.9 million), exceeding the NT$10 billion level for the third consecutive month.
The nation’s largest convenience store chain said in an e-mailed statement that last month’s figure — although lower than August’s NT$10.19 billion — represented the highest for the same month in the company’s history.
President Chain attributed the strong showings to rising sales of own-brand beverage products and more than 40 percent sales growth in City Cafe coffee from a year ago, according to the statement.
The retailer expected the growth momentum to continue this month through various marketing activities, it added.
Own-brand products command higher margins than other items, of which company president Hsu Chung-jen (徐重仁) said in April he hoped to increase their sales contribution to more than 25 percent of total revenue by the end of this year and as much as 50 percent in three years.
President Chain runs about 5,000 retail operations on both sides of the Taiwan Strait, including 4,750 7-Eleven stores in Taiwan.
The company also counts on other non-core investments, including coffee chain President Starbucks Coffee Corp (統一星巴克), drugstore and cosmetics chain Cosmed (康是美), online book retailer Books.com (博客來) and home furnishings seller MUJI (Taiwan) Corp (無印良品), to help boost sales amid reviving consumption in both Taiwan and China.
In the third quarter, the retailer saw its revenues rise 17.69 percent to a record of NT$30.52 billion from NT$25.93 billion a year earlier.
The quarterly result was 8.7 percent higher than NT$28.08 billion registered in the second quarter, company data showed.
For the first nine months, -accumulated sales were NT$85.49 billion, up 12.7 percent from NT$75.85 billion for the same period last year, President Chain said in the statement.
Taiwan FamilyMart Co (全家便利商店), the nation’s second--largest convenience-store chain, also yesterday reported a record third-quarter revenue of NT$11.67 billion, up 8.58 percent year-on-year and 9.89 percent quarter-on--quarter, after last month’s sales rose 7.86 percent to NT$3.7 billion from a year ago, according to the company’s stock exchange filing.
From January to last month, Taiwan FamilyMart saw its accumulated sales total NT$32.06 billion, up 9.26 percent year-on-year, the filing showed.
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