7-Eleven operator DFI Retail wants a big bite of ready-to-eat food
The operator of 7-Eleven in Singapore, Hong Kong, Macau and Southern China says growth in the ready-to-eat food arena can make up for fall in cigarette sales
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
WITH DFI Retail Group ’s top line stubbed by declining cigarette sales, group chief executive Scott Price is eyeing a growing appetite for ready-to-eat food – which he believes can transform the company’s chain of convenience stores into “quick-service restaurants”.
DFI Retail Group, which operates the 7-Eleven brand in Singapore, Hong Kong, Macau and Southern China, is moving towards driving traffic to its stores for cooked food – which Price says would put the convenience-store chain among players in the quick-service restaurants market.
“We are seeing, in essence, the opportunity for our 7-Eleven (stores) to become convenient quick-service restaurants,” he said on Friday (Aug 2), after the group posted robust first-half underlying profit driven by its food and convenience segments.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
