US convenience store chain Circle K officially opened its first store in Cambodia yesterday amid rising competition in the food mart sector. Opened in Phnom Penh’s Toul Kork district, the store will soon be followed by two more outlets, and will be operated by Circle K’s Cambodian partner TH CSV. Norm Tong, the president of TH CSV, announced that 40 more Circle K stores will open in the Kingdom by the end of 2018, with the company planning to open 300 stores nationwide in the next decade. Robert Southwick, Circle K’s international director, said THS CSV Group will continue to change the retail landscape in Cambodia bringing new products and innovation to customers, noting that Cambodia is the ninth market in Southeast Asia where the franchise is present. (Source: Khmer Times)