Seven & i Holdings news

27 November 2019
7-Eleven has decided to not renew its supply contract with Metcash when it runs out in in August 2020. Second major contract loss this financial year Metcash's annual sales from the contract with 7-Eleven amount to approximately AU$800m, mainly in lower margin categories such as tobacco. This latest development follows on from Metcash losing its contract to supply Drakes Supermarkets in So...
26 November 2019
The convenience retailer’s net profit grew 1.3% to MYR17m (US$4.1m) in the third quarter of 2019. Higher revenue and marketing income 7-Eleven’s revenue for the quarter gained 4.5% to MYR594.2m (US$142m) compared to the same period a year ago. This is driven by the addition of new stores, higher shopper counts and better promotional activity. Revenue from the food service segment grew more ...
11 November 2019
In response to consumers’ increasing demand of healthy diets, operators of convenience stores in the country are expanding vegetarian ranges. Increasing demand for healthy consumption The number of vegetarians in Korea jumped from 150,000 in 2008 to 2 million last year, representing 3% of the total population. The number of vegans is around half a million. Meanwhile, vegetable consumption i...
10 October 2019
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their results for the six months ending 31 August 2019. Seven & i Holdings: total sales flat up 0.8% Seven & i recorded a 0.8% increase in total group sales to JPY5997.4bn (US$55.8bn), with operating profit rising 2.8% to JPY205.1bn (US1.9m) year-on-year (yoy). Revenue from domestic convenience s...
01 October 2019
After postponing the rise of consumption tax twice, Japan has today brought in the long-delayed policy into effect. The increase is the first time in five years, from 8% to 10%. Rebate to provide shoppers relief The new rate applies to nearly all goods and services, from electronics to books. The government has introduced measures, however, including discounts for certain purchases made u...
24 September 2019
The cryptocurrency can now be bought at all 7-Eleven stores across the country. Bring Bitcoin to everyday shoppers Abra has formed a partnership with ECPay to sell Bitcoin for cash in the Philippines. Abra is a well-known cryptocurrency investment app company and ECPay a payment processor firm. The partnership will introduce cryptocurrency to 6,000 locations across the Philippines, inclu...
29 August 2019
Sales grew by 7.2% from same period of previous year. Demonstrates sound implementation of strategy New store openings, higher average spend per customer and positive shopper response to promotions are some of the reasons that have driven growth for 7-Eleven Malaysia. The convenience retailer reported first half revenues of MYR$1.17bn. Correspondingly, net profits improved to MYR$25.7m, a r...
22 August 2019
7-Eleven has launched mobile checkout at its stores in New York City, U.S. Greater convenience during busy hours After testing mobile self-checkout with employees at its Store Support Center store, 7-Eleven launched the service in several Dallas locations in 2018 to get customer feedback for further refinement. Now, customers at 7-Eleven in New York City can skip the checkout line and pa...
21 August 2019
Japan’s four leading convenience banners, 7-Eleven, FamilyMart, Lawson and Ministop will offer a 2% discount for cashless payments starting October. On the spot discounts for nine months… The rebate program launched by the Japanese government coincides with the rise of consumption tax from 8% to 10% in October. The initiative will look to drive consumption and the use of cashless payments. ...
15 August 2019
7-Eleven in Australia has achieved a new benchmark, opening its 700th store in the market. Plans to continue expanding on the west coast The store in Banksia Grove in Western Australia is the 38th in the state, having opened its first store on the west coast in 2014. The retailer continues to steadily grow its network, planning 10-15 new store openings in Western Australia over the next two...