NextGen Day

Philippine Seven Corp. (PSC), the country’s sole 7-Eleven licensee, is stepping up a vaccination campaign for its workers as it pursues growth ambitions amid the pandemic’s recovery.

PSC President and CEO Victor Paterno said 20,000 doses of the coronavirus disease 2019 (Covid-19) vaccine are expected to arrive soon, but that most of the company’s workers have already been vaccinated.

“We will be giving the surplus and beyond our excess (is) our contribution to the government of 50%,” he said in a virtual news conference on Thursday.

Paterno said that they are anticipating government rules for immunized workers.

“Once everyone has had the opportunity to get vaccinated,” he said, “we would want to prepare the workers for the office.”

PSC’s financial director, Lawrence de Leon, said the firm has purchased 80,000 doses of Covid-19 vaccine, half of which will be given to the government and the remaining doses would be distributed to PSC’s workers.

Aside from the employee immunization program, the business also set aside money for its Pandemic Support Program, which enabled franchisees to maintain operations and keep their workers employed.

Furthermore, PSC renegotiated current rents aggressively to mitigate the effect of decreasing consumer visits.

Meanwhile, de Leon said that the firm expects to invest PHP1 billion this year to support the launch of at least 200 new shops after the pandemic slowed growth plans.

PSC managed to establish 174 new shops in 2020, increasing the total number of outlets to 2,987 as of December 2020. When compared to pre-pandemic 2019 figures, the 174 new shops opened last year indicated a 50% decrease in new store openings.

Paterno said that the company plans to open additional shops in low-rent regions.

“We are still expanding in the Visayas and Mindanao, beyond Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon). This is a top priority for us, therefore we’re expanding our presence in those areas,” he said.

Seven Bank of Japan began installing recycling automated teller machines (ATMs) at 7-Eleven Philippines shops in February of this year.

In Metro Manila and Cavite, there are now around 400 ATMs. PSC intends to deploy 1,200 ATMs throughout the country before the end of the year.

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