7-Eleven enters Shanghai

SHANGHAI: The world's largest convenience retailer, 7-Eleven, yesterday opened four stores in the city, its maiden entry into Shanghai.

"We plan to open over 10 stores this year in Shanghai. The number of outlets will go up to 300 within five years, including 150 that will be set up in the first three years," said Richard Huang, president of President Chain Store (Shanghai) Ltd (PSC), which got the approval to operate the brand in the city last May.

The newly established stores are located in the prosperous Xuhui, Luwan, and Pudong districts.