COMPETITION in the convenience store industry is getting much stiffer in view of the number of new entrants in the market. Khoo highlights the potential interest savings of RM40 million to RM50 million a year for the group. “I believe management can focus on the convenience store business with the additional capital,” she adds. Despite heated competition, 7-Eleven says new entrants into the market are able to help grow and shape the convenience store sector in a positive manner. As a first mover in the convenience store market, Khoo is of the view that 7-Eleven has an advantage, particularly the gap with its competitors.
Source: The Edge Markets August 02, 2022 12:17 UTC