Thai convenience store chain CP 7-Eleven has announced plans to invest around Bt2bn (US$50m) next year to open new stores and improve its operations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company’s managing director, Piyawat Titasattavorakul, said CP 7-Eleven plans to open 320 new stores in 2004 with an investment of Bt900m, reported Dow Jones International News. The company plans to open a further 320 new stores the following year, with a total chain of 3,000 stores targeted in 2005.

CP 7-Eleven also plans to invest Bt835m next year to build a new distribution centre and Bt165m for a product assortment system upgrade. Money will also be spent on improving existing stores.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now