7-Eleven, Inc. expanding regionally

Charles Chan
Senior Retail Analyst
@RetailAnalysis

Date : 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, subject to regulatory approvals. There are around 270 7-Eleven banner stores in the U.S operated by area licensees.

Joe DePinto, 7-Eleven’s President and CEO, said, “Oklahoma has a growing economy, and this acquisition provides a great opportunity for us to expand regionally.”

 

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