Chapter 1259: Monthly revenue has exceeded 600 million Hong Kong dollars

Xia Yu was at home in Tokyo.

'Hello, Chairman!'

'Sit!'

Looking at Fu Kai, who was full of energy but full of respect, Xia Yu nodded secretly, indicating for him to sit down.

'Thank you, Chairman!'

Fu Kai bowed slightly and then sat down, sitting up straight to present his best appearance to Xia Yu.

He is the president of the Hong Kong 7-Eleven convenience store chain company, whose parent company is the Jiuding Retail Group. Although he is now a well-known figure in Hong Kong, he rarely reports directly to Xia Yu.

There was no way around it. Xia Yu was too high up the ladder. He knew full well that even the president of the parent company, Jiuding Retail Group, would not see Xia Yu more than a few times a year.

This sudden summons by the chairman of the board was both exciting and worrying. Even on the plane, he seized the brief moment to go over the situation of the company several times, for fear that if the chairman asked, he would be unable to answer and would leave a bad impression.

'I heard from Zhou Cheng that you have done a very good job. Tell me about the current situation of the company.'

Xia Yu leaned back on the sofa and smiled as he looked at Fu Kai.

Hearing the chairman's infectious voice, Fu Kai's nerves calmed down surprisingly.

He smoothly told the prepared story in the past tense: 'Chairman, our company is now the undisputed leader in chain convenience stores in Hong Kong, Macau and Southeast Asia. As of August this year, the company has a total of 1,355 stores, including 285 on Hong Kong Island, 241 in Kowloon, 184 in the New Territories, 165 in Macau, and 480 in Southeast Asian countries.

'In terms of employees, the company officially exceeded 7,000 employees last month, reaching 7,075. In August, the company's total revenue officially exceeded 600 million Hong Kong dollars, reaching 609.52 million Hong Kong dollars, with an average daily revenue of 14,994 Hong Kong dollars per store...'

As Fu Kai continued to tell the story, Xia Yu nodded slightly from time to time to show his satisfaction.

According to Fu Kai's report, the comprehensive gross profit of 7-Eleven's goods was an average of 31% due to factors such as a sound management system and volume control.

In addition to the revenue of HK$609.52 million in August, the company's monthly gross profit reached HK$189 million.

If other costs are deducted, the net profit can be guaranteed to be over HK$100 million.

Therefore, the 7-Eleven convenience store chain alone is a retail giant with an annual net profit of up to HK$1 billion. If it were listed separately, its market value could easily exceed HK$10 billion.

However, it is not without its shortcomings.

For example, there is still a lot of room for improvement in terms of the average daily revenue per store.

After Fu Kai finished speaking, Xia Yu made a comment: 'Very good, the company's overall situation is really good, with monthly revenue exceeding HK$600 million. This is a milestone, and you have not disappointed me.'

'This is thanks to the Chairman's trust!'

Fu Kai was overjoyed, but he tried his best to hold back his smile and said humbly.

Just then, Xia Yu changed the subject and gently corrected him.

'However, there is still a gap between this and my expectations.'

Fu Kai's excitement came to an abrupt end. He first admitted his mistake, and then nervously asked, 'My subordinate is foolish, please advise me, Chairman.'

'Don't be nervous, I'm not a man-eater.'

'Heh heh.'

Fu Kai smiled awkwardly, his eyes fixed on Xia Yu, waiting for him to continue. Meanwhile, he was desperately trying to reflect on what exactly had made the chairman unhappy.

'The daily revenue of a single store is close to 15,000 Hong Kong dollars. This revenue is, I believe, considered a very good result in Hong Kong, but we can only make progress by benchmarking against the best.'

'Do you know the average daily revenue of a 7-Eleven convenience store on the island?'

Xia Yu asked with a smile.

Of course Fu Kai knew this figure, otherwise he would be derelict in his duties.

The 7-Eleven convenience stores in Hong Kong also learned from the 7-Eleven convenience stores on the island in the first place, which is why they have grown so quickly to become what they are today.

He said shamefacedly, 'It's about 750,000 yen.'

750,000 yen, after conversion at the exchange rate, is equivalent to HK$21,000.

Hong Kong 7-Eleven convenience stores have not yet reached an average daily revenue of 15,000 yuan per store, and the gap is indeed quite large.

However, Xia Yu also believes that the average daily revenue of a Hong Kong 7-Eleven convenience store is definitely two to three times the average in Hong Kong, which is definitely not bad.

However, the goal of Hong Kong 7-Eleven convenience stores is to become a retail giant on the international stage, so there is indeed still considerable room for growth in terms of revenue per store.

However, if it is compared to the 7-Eleven convenience stores on the island, it is actually qualified.

Xia Yu sees through it very clearly. Hong Kong 7-Eleven convenience stores are so much worse than those on the island. Although there are reasons related to management level, there are also objective factors related to the level of the market economy.

The economic level of Hong Kong Island is comparable to that of developed cities on the island.

But what about the New Territories?

What about Southeast Asia?

These areas are definitely dragging their feet and dragging down the average index.

If a 7-Eleven convenience store from Hong Kong were to enter the island country, and the location was not bad, it would not necessarily be much worse than a 7-Eleven convenience store in the island country.

But Fu Kai may know about these things, but Xia Yu doesn't need to tell him. His goal is just to motivate Fu Kai to keep progressing, so that he can complete the task he has set him.

After all, Ito Masatoshi and Suzuki Toshifumi are not good guys, and the Ito-Yokado Group is also unlikely to compromise.

The president of the 7-Eleven convenience store chain in the island country is Suzuki Toshifumi, who is known in later generations as the father of convenience store retail in the island country and built a retail empire. He is extremely capable, and if a fight really breaks out, Fu Kai will have to deal with it seriously, even if he has the advantage of taking the initiative, otherwise it will be easy to lose.

The power behind the Ito Yokado Group is not bad.

'Chairman, please rest assured, I will continue to work hard to improve the level of management and operation, and increase the daily revenue of each store,'

Fu Kai immediately gave his word, with a determined expression and a very resolute tone, to show his resolve.

'Mm!'

Xia Yu nodded slightly and did not dwell on this issue for too long.

He asked again about other situations: 'What about the company's staff training and management systems? If you were to set up a branch in the island country again, could you open 1,000 stores within a year?'

Open 1,000 stores in a year?

And it's still within the island country!

What pressure!

Fu Kai frowned, and his mind raced.

The current 7-Eleven convenience store chain had 1,355 stores, but it had taken several years to build up, and he knew the hardships involved only too well.

Although everything is difficult at the beginning, once the foundations are laid and the business is on the right track, expansion becomes much easier, but 1,000 stores a year is still too much.

Even in terms of personnel, it would be necessary to recruit nearly 5,500 people on the island!

These people would also need to be trained in the business and so on.

The key is that all these people are from the island country, and there are simply not many people proficient in Japanese at the Hong Kong 7-Eleven convenience store chain.

After a long while, Fu Kai gritted his teeth and said solemnly, 'Chairman, I will do my best. In the next year, I plan to let a vice president take the lead in charge of the expansion strategy in Southeast Asia, and I will focus my work on the island country. I will not let you down!'

Xia Yu was satisfied with Fu Kai's state of mind. He said with a light smile, 'Okay, I believe you won't let me down.'

'As long as you are prepared to do so, it has not been finally decided whether you will really do it.'

'Let's see if Ito-Yokado knows what is appropriate.'

'These days, you don't have to go back yet. Go around the island and examine the current situation of the 7-Eleven convenience stores in the island up close. It would be best if your subordinates can find out the store distribution of the 7-Eleven convenience stores in the island.'

Fu Kai nodded in agreement.

At this moment, an idea popped up in his mind: Is the chairman of the board preparing him to do that?

For a moment, he felt his blood boil...