Convenience news

21 January 2020
7-Eleven, Inc. is set to acquire more than 100 independently run 7-Eleven stores, all of which are located in the greater Oklahoma City metropolitan area. Store network to exceed 9,700 after acquisition At the end of November 2019, 7-Eleven, Inc in North America (U.S and Canada) had 9,631 stores (including franchised and directly operated stores). The deal is expected to close in 60-90 days...
20 January 2020
It’s been almost two years since Amazon Go opened to the public in Seattle. We visited a recently opened store in New York to see how the format is evolving. Over the last two years, the network has grown to 24 stores across four cities, Seattle, San Francisco, Chicago and New York. The retailer has opened in a mix of locations, with a range of different footprints, typically 1,000 to 1,500 sq...
20 January 2020
Regional co-operative retailer, Central England Co-op, has reported a positive performance over the three key Christmas and New Year Trading weeks. Like-for-like sales were up 3.5% in the three weeks ending 4 th January 2020. Community-based convenience stores trading well The retailer, which has over 240 food stores across 16 counties, said its community-based convenience stores traded pa...
20 January 2020
Global Meets has opened Japan’s first fully dedicated vegan store in Taito City ward in Tokyo. Convenience and foodservice vegan format Like typical convenience stores, Vegan Store stocks a mix of Japanese and imported products. However, these are 100% plant-based and gluten, onion, alcohol and MSG free. Shoppers can find hot food and products like soft serve vegan ice-cream, vegan chees...
20 January 2020
7-Eleven’s new initiative serves migrant workers in Singapore who wants to send money home using cash. Serving unbanked customers Customers can initiate a remittance transaction using the Pay2Home mobile app which will generate a QR-code bill for cash payment at any 7-Eleven in Singapore. "We are excited to be partnering with Pay2Home as 7-Eleven continues its journey to expand on our serv...
16 January 2020
SPAR UK has reported an increase of 2.6% in like-for-like sales for the four weeks to 29 December 2019. Focus on fresh and availability As well as a 2.6% increase over the period, SPAR UK announced a 7% increase in like-for-like sales during the final week. The retailer said this was due to its focus on fresh and availability. Louise Hoste, managing director of SPAR UK, commented: “O...
16 January 2020
Masan Group plans to close hundreds of loss-making VinMart and VinMart + stores after purchasing the retail chain. Decision pending review Masan Group revealed that the performance of VinMart + was significantly better in Hanoi than in other cities. A representative from Masan said the group will shut down unprofitable stores after reviewing the performance. About ten VinMart supermarkets a...
16 January 2020
GS25, a leading convenience store chain in South Korea, opened an unmanned store similar to Amazon Go. High-tech enabled store Located in Jung District, Seoul, the store is similar to Amazon Go that customers are able to purchase goods without being checked out by a cashier or using a self-checkout counter.   Shoppers enter the store by scanning a BC Paybook QR code from BC Card’s mobile...
13 January 2020
Regional co-operative retailers Southern and Midcounties Co-op have announced their Christmas results. In the four weeks to 29 th December, like-for-like sales at Southern Co-op increased by 4.7%. At Midcounties Co-op, like-for-like sales were up 3.3% in December. Southern Co-op sees strong Christmas results Southern Co-op reported a 4.7% increase in like-for-like sales in the four week...
10 January 2020
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their results for the nine months ending 30 November 2019. Seven & i Holdings: total sales flat at 0.1% Seven & i recorded a 0.1% increase in total group sales to JPY9,019.3bn (US$82.4bn), with operating profit rising 4.9% to JPY319bn (US2.9m) year-on-year (yoy). Revenue from domestic convenience...