Seven & i Holdings news

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...
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
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...
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...
03 January 2020
7-Eleven Malaysia (SEM) is acquiring a 46.45% stake in Myinteractivelab (MSB) for MYR7.5m (US$1.8m). Partnership to provide delivery services Myinteractivelab operates three mobile applications, namely Dego App, Dego Partners, and Dego Orders. The firm is in the process of securing the licence and approval to run electronic hailing motorcycle taxi services. 7-Eleven said in its stock exchan...
02 January 2020
Over the last few days, some 7-Eleven and Lawson convenience stores in Japan temporarily closed. Some stores closed during the New Year Lawson decided to close 102 outlets from December 31 to January 2, while 7-Eleven closed about 50 stores in the Tokyo area at the New Year. While Skylark Holdings, the country’s largest family-restaurant operator, closed about 2,700 outlets from 6 p.m. on N...
13 December 2019
7-Eleven India plans to set up 1,000 stores in Mumbai for the next few years. Launch in March The retailer will be working with a Japanese logistics company, Nippon Express, to develop a network for distributing food and groceries. The first outlets will open in March and the retailer believes it will be two to three years before it considers expanding outside of Mumbai. Local food devel...
03 December 2019
7-Eleven Malaysia, majority-owned subsidiary of Berjaya Group, will buy another 25.35% of Caring Pharmacy, taking its total stake to 38.57%. Improving the group’s performance Berjaya Group’s founder, Tan Sri Vincent Tan, is a major shareholder of 7-Eleven Malaysia and has shares in Caring Pharmacy Group. 7-Eleven wants to increase its stake in Caring Pharmacy to over 50% but will maintain i...