LBC Express Holdings, Inc. Sets Goal of 100 New Stores a year Until 2020
July 09, 2018 at 08:30 pm EDT
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LBC Express Holdings, Inc. planned to open 100 stores per year until 2020, while embarking on a three-year program that will digitize its core logistics businesses. The planned store openings will bring the LBC Express network to around 1,400 this year. The company has already opened around 45 to 46 stores during the first half of 2018. LBC Express will also be consolidating its international affiliates, particularly those in United Kingdom, Italy, Spain, Germany, and Hong Kong, under the company. It is the process of acquiring its overseas units to prop up its global revenue streams. LBC Express’ international units currently account for less than 5% of the total business. The store network expansion forms part of LBC Express’ digital transformation until 2020.
LBC Express Holdings, Inc. is a Philippines-based holding company. The Company is engaged in retail and corporate courier and cargo, money remittance, and logistics services. Its segments include logistics and money transfer services. The main services offered under its logistics business are domestic and international courier and freight forwarding services (by way of air, sea, and ground transport). Its logistics products are geared toward both retail and corporate clients. The money transfer services segment consists of remittance services (including branch retail services, prepaid remittance cards and online and mobile remit) and bill payment collection and corporate remittance payout services. The money transfer services segment includes an international presence through its branches, which comprises international inbound remittance services. The Company has a network of over 6,400 branches, hubs and warehouses, partners, and agents in approximately 30 countries.
LBC EXPRESS HOLDINGS, INC. 
