7-Eleven Singapore, operated by Hong Kong-based retailer Dairy Farm International Holdings Ltd., plans to open 80 new outlets by the end of 2018 following the slated closures of all its 56 stores at Royal Dutch Shell plc stations in the city-state, Inside Retail Asia reported Oct. 6.
The store closures, which will begin early 2018, come after the 11-year partnership agreement between the two companies expired in September, the news website said. Shell reportedly chose not to renew the partnership as it plans to run its own brand of convenience stores at its gas stations in Singapore.
Inside Retail Asia said a spokesperson from Dairy Farm said the impact "will not be material."
The convenience store chain, owned by Japan's Seven & i Holdings Co. Ltd., intends to open 30 stores by the end of 2017 and the remaining 50 in 2018, according to the report.