China: 7-Eleven plans provincial expansion
Liu Yue, its vice-president, said, "We want to go into one or two places a year. The market is huge. But we are not going to go too fast. We need to prioritize and find the best partnerships."
According to analysts, rapid urbanization in China has created a big market for the convenience store culture, which is dominated by foreign players.
There are 151 Seven-Eleven stores in Beijing and 53 in Chengdu, operated by Seven-Eleven Beijing.
There are also 99 licensed Seven-Eleven convenience stores in Shanghai run by Uni-President Group, and 549 such stores in Guangdong province in South China managed by Dairy Farm of Hong Kong, the pan-Asian retail group.
Source: chinadaily.com.cn
