News Summary:
Philippine Seven Corporation, the operator of 7-Eleven stores in the Philippines, is focusing on sustainability, digital engagement, and aggressive expansion to navigate the evolving convenience store industry. Despite a strong first half in 2023, sales have plateaued, which President and CEO Jose Victor Paterno attributes to factors like inflation and shifts in consumer spending habits. The company is experiencing robust performance in regions outside Metro Manila, particularly in Visayas and Mindanao, where more than half of this year’s new stores are being opened.
Source Link: https://retailasia.com/videos/philippine-seven-expands-green-and-digital-innovations-in-convenience-retail
Credits to: RetailAsia
