The logo of yet another convenience-store chain will soon be strewn throughout Jakarta, with Dallas-based 7-Eleven, Inc., the world’s largest convenience store firm, announcing on Tuesday it plans to expand its ubiquitous franchise into Indonesia.
The entry of 7-Eleven, which has 36,000 existing stores worldwide, has been long in the planning. It sparked mixed reactions from business players here, with traditional market retailers worrying that its presence in Indonesia could drive out mom and pop traditional stores, which are already being affected by modern-style retailing.
In a press release issued on Tuesday, 7-Eleven said it would expand into the country through a franchise agreement with PT Modern Putraindonesia, a subsidiary of listed PT Modern Internasional Indonesia Tbk.
Yeah, 7-11 will beat indomaret and alfamart for sure
Indonesian always love anything new and smell foreign. So, I am agree 7-11 will have a good beating on Circle-K and the similars. It’ll be interesting to see, how fast they can replicate their stores. And to see how local competitor will respond.
Yay for competition!
7-11 beat local minimarket?i’m not sure, circle will be their competitor..Alfan and Indomaret?i don’t think so..