+ Follow JOLLIMART PHILIPPINES CORP Tag
JOLLIMART PHILIPPINES CORP
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[ArticleID] => 283172
[Title] => Phil Seven allots P100M for 25 new stores
[Summary] => Publicly-listed convenience store operator Philippine Seven Corp. is setting aside P100 million for the establishment of 25 new 7-Eleven outlets this year in line with efforts to protect its lead in the business.
At the sidelines of the company’s stockholders meeting Tuesday, Phil-Seven president Jose Victor Paterno said the new stores, which will mostly be located in Metro Manila, will bring to 280 the company’s total branch network by the end of the year.
[DatePublished] => 2005-06-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 274967
[Title] => Local 7-Eleven chain incurs net loss of P2.5-M in ’04
[Summary] => Higher expenses and finance costs weighed down on the financial performance of publicly-listed convenience store chain Philippine Seven Corp. as it incurred a net loss of P2.46 million last year, a reversal from the P9.27-million profit reported in 2003.
In a financial report filed at the Securities and Exchange Commission, Phil-Seven said its rapid expansion resulted in a decline in average sales per store of four percent compared with the previous year.
[DatePublished] => 2005-04-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 246910
[Title] => 7-Eleven sees 4.4% increase in sales this year
[Summary] => Philippine Seven Corp., the local franchise holder of 7-Eleven convenience stores, expects its sales to grow by 4.4 percent this year as it expands its presence in strategic locations.
In a financial report filed with the Securities and Exchange Commission (SEC), Phil-Seven said it will continue to dominate the convenience store business through aggressive opening of profitable stores in non-traditional areas and the introduction of new products.
[DatePublished] => 2004-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 243896
[Title] => 7-Eleven buys out Bingo convenience store chain
[Summary] => Philippine Seven Corp., the local franchise holder of the 7-Eleven chain of convenience stores, has acquired its local competitor Bingo from Jollimart Philippines Corp. for P130 million.
In a disclosure to the Philippine Stock Exchange, Phil-Seven said the purchase consists of the leasehold rights and store assets, including building and/or improvements, equipment and fixtures excluding the merchandise inventory in Bingo’s network of 39 stores mainly concentrated in Metro Manila.
[DatePublished] => 2004-03-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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