Thai convenience store chain CP All has said it expects to fall short of its 2011 sales target by between 1% and 2% because of the recent flooding in central provinces. However, the retailer is confident that sales at its 7-Eleven convenience banner will grow between 13% and 15% in 2012, according to CP All managing director Piyawat Titasattavorakul.

The retailer plans to invest about Bt4bn to Bt5bn (£81.5m to £101.9m) predominantly to open 500 new stores along with Bt1bn (£20.4m) to launch a new distribution centre in the eastern region of Thailand.