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MANILA, Philippines — The exclusive licensor of 7-Eleven stores in the country said its sales have held steady despite rising costs from the Middle East crisis, even as some goods begin to post price increases.
Philippine Seven Corp. (PSC) chair Victor Paterno told reporters on Thursday that the company has yet to see a drop in demand, with convenience stores benefiting from their proximity to consumers as higher fuel costs discourage longer trips.
While some items have become more expensive—such as hotdogs and siopao—due to higher input and energy costs, this has yet to dent sales across 7-Eleven’s offerings, according to Paterno.
READ: BSP: Philippine inflation to exceed 4% target until 2027
