Seven & i Holdings news

05 May 2020
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their annual results for the fiscal year ending 29 February 2020. Summary and our view Performance of the big four in 2019 was varied. Lawson is showing the fastest growth, 7&i remains solid, FamilyMart is recovering and AEON saw mixed results. The Japanese convenience landscape is undergoing maj...
15 April 2020
Taiwan has been widely recognised to have, so far, contained the spread of Coronavirus (COVID-19) well. However, the risk of community transmissions remains high, likewise a second wave of infections could be caused by returning residents from other regions. We look at how businesses in Taiwan have responded to the pandemic. Looking after everyone Carrefour Taiwan is providing disposable...
07 April 2020
Japan’s prime minister, Shinzo Abe, declared a month-long state of emergency on 7 April in response to the Coronavirus (COVID-19) pandemic. The government has also approved a record stimulus package worth JPY108 tn (US$990 bn) to support the economy State of emergency until 6 May Abe told a televised news conference, “We are not at a stage where rapid nationwide spread is being observed, b...
16 March 2020
7-Eleven has launched a second foodservice concept in the U.S, opening Raise the Roost Chicken & Biscuits store in lower Manhattan. Delivering new food options Raise the Roost share space with 7-Eleven’s Evolution Store in New York. It is the retailer’s second venture towards foodservice / restaurant. The first was Laredo Taco Company , which launched in Dallas in March 2019. Raise th...
06 March 2020
Seven & i Holdings, operator of 7-Eleven Inc. has dropped its plans to acquire Marathon Petroleum Corp.’s Speedway petrol stations in the U.S. Askng price too high Bloomberg reports that the deal was scrapped because the expected asking price of around US$22bn was considered too high by 7&i. The potential deal for Speedway would have been the largest overseas acquisition by a Japanese com...
03 March 2020
7-Eleven Malaysia Holdings Bhd’s total sales in FY 2019 reached MYR2.4bn (US$570m), up 6.4% from MYR2.2bn (US$523m) in the previous year. News stores, better promotions The higher revenue was driven by the growth in new stores, higher customer count, higher average spend per customer and better consumer promotion activity. Revenue from fresh food segment is above 3.5% of total revenue which...
27 February 2020
7-Eleven is planning to expand its Evolution Stores concept across the U.S this year. Embedding new initiatives to existing and future stores The retailer first launched its latest store concept (originally known as 'lab' store) in March last year in Dallas, and has expanded it to Washington, D.C. It now plans to expand its Evolution Stores concept to other cities. The store format is desig...
20 February 2020
Seven & i Holdings, parent of 7-Eleven, is in talks to acquire Marathon Petroleum Corp.’s Speedway gas stations for about US$22bn. Acquisition will rapidly expand network A potential deal for Speedway could be the largest overseas acquisition by a Japanese company. Speedway has about 4,000 stores in the U.S. As of 30th November 2019, the number of franchised stores and directly operated by ...
07 February 2020
7-Eleven is testing a cashierless checkout-free store at its corporate headquarters in Irving, U.S. The 65 sq m / 700 sq ft store is currently available to 7-Eleven employees only. How does it work? 7-Eleven’s cashierless store carries a range of 7-Eleven’s most popular products, including beverages, snacks, food, groceries, over-the-counter drugs and non-food items. The shopping process...
24 January 2020
7-Eleven has reached another major milestone, surpassing 70,000 stores globally. Customers at the heart Joe DePinto, 7-Eleven Inc.’s President and CEO, said, "Over 93 years we've grown from a small local ice house in Oak Cliff, Texas, to a global and iconic brand that is 70,000 stores strong […] that strength is due to a relentless focus on meeting the needs of our customers. We'll continu...