7-11: 50,000 stores by end of Q1

Date : 28 February 2013

Following the addition of nearly 5,000 new stores in 2012, 7-Eleven's global network is set to reach 50,000 stores by the end of the first quarter.

A leading global convenience network

The overseas convenience operations of Japan's Seven & I Holdings are managed by subsidiary 7-Eleven Inc., based in Texas, US. A network of licensed, franchised and self-operated stores covers sixteen markets across Asia, Australia, Europe and the US.

The company's ambitious expansion targets are accompanied by strategies to strengthen private label ranges, renovate stores and in Japan, increase the proportion of franchised stores.

Continued focus on US and Canada

In total almost 1,000 stores were opened in the US and Canada last year -  the company's second largest market after Japan. 7-Eleven Inc. seized the opportunity to acquire a number of store chains including 143 stores in Texas from C.L. Thomas Inc, and 163 in Utah and Texas from TETCO Inc. Leveraging the company's global practice of building market concentration is key to supporting this rapid expansion, whilst maintaining a flexible approach to format and range contributes to strong a sales performance. Recent initiatives include a revived fresh offering including products catering for health-conscious shoppers.

In a press release, President and CEO of 7-Eleven Inc. Joe DePinto said  "2012 was a tremendous year for us in terms of organic store growth, acquisitions and business conversions. We expect accelerated growth in North America to continue, and we also see many more opportunities for international expansion."

The announcement of Seven & I's full year results in the coming weeks will reveal the success of the expansion strategy and look ahead to its focuses for 2013.