Author Topic: 7-Eleven asserts sales growing, unimpacted by political stalemate  (Read 516 times)

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Offline thaiga

BANGKOK, March 4 - Thailand's major convenience store network, 7-Eleven, asserted today that its sales growth has continued to expand, unimpeded despite the country's ongoing political turmoil.

Kriengchai Boonpoapichart, CP All finance and investor relations and vice president looking after 7-Eleven,  said the continuing political conflict has reduced the purchasing power of tourists and Thai consumers. However, the situation has not impacted daily sales volume of 7-Eleven, thanks to its sales of daily life goods and ready meals.

Mr Kriengchai said sales volume in the past two months continued to grow, while the company is maintaining its investment plan with a budget of Bt8-9 billion, including opening new branches and renovating the existing ones. The convenience7-Eleven has also set a sales growth target at 10-15 per cent.

Korsak Chairasmisak, CP All CEO, meanwhile, said the company will offer secured debt and senior debt instruments for durations of 3, 5, 7, and 10 years at a limit of no more than Bt40 billion for refinancing and at the minimum purchase of Bt100,000. Interest varies from 4.1-5.35 per cent and are to be paid every 6 months.

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