TAIWAN: Number of convenience stores to reach 6,300 by end of 2002
The number of convenience stores in Taiwan is expected to grow to around 6,300 by the end of this year, a significant rise from around 5,700 at the end of 2001. The biggest convenience store operator in Taiwan, 7-Eleven, expects to have 3,200 stores by the end of the year. The company is reported to be planning a move away from its past strategy of focusing on metropolitan areas by setting up stores in suburban and rural areas. The 7-Eleven chain in Taiwan is expected to achieve year-on-year sales growth of 11.6% this year to TN$64.78bn (US$1.9bn).
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