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Tag: 7-Eleven

  • 7‑Eleven, Inc. to enter Vietnam with Seven System Vietnam Co. Ltd. franchise agreement

    7‑Eleven, Inc. to enter Vietnam with Seven System Vietnam Co. Ltd. franchise agreement

    7‑Eleven, Inc., the world’s largest convenience retailer with 56,400 stores worldwide, has signed a master franchise agreement with Seven System Vietnam Co. Ltd. to develop and operate 7‑Eleven® stores in Vietnam. The expansion marks the company’s first stake in the Pacific Rim since 7‑Eleven entered Indonesia in 2009.

    7‑Eleven’s entry into the country aims to enhance the convenience-shopping experience for Vietnamese customers and contribute to modernizing small retailers in the world’s 13th most populous country.

    The new master franchisee plans to construct 7‑Eleven stores, convert existing locations to the 7‑Eleven brand supported by enhanced infrastructure, and eventually franchise operations to local businesspeople.

    Internationally popular products like Slurpee® frozen carbonated beverages and Big Gulp®soft drinks, as well as immediately consumable fresh foods, with recipes developed for regional tastes, will be part of the convenience offerings.

    7‑Eleven and its parent company, Seven-Eleven Japan, will provide start-up support for its newest master franchisee by assisting Seven System Vietnam in implementing 7‑Eleven’s successful strategies of market concentration, team merchandising and item-by-item management.

    Vietnam will be the 18th country or region where 7‑Eleven stores operate. In addition to the United States, other countries include Canada, Mexico, Japan, Thailand, South Korea, Taiwan, China (including Hong Kong), The Philippines, Australia, Singapore, Malaysia, Indonesia, Norway, Sweden, Denmark and the United Arab Emirates, where its first 7‑Eleven store will open early this autumn.

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  • 7-Eleven Smart Convenience Store

    7-Eleven Smart Convenience Store

    Customers of a 7-Eleven convenience store in South Korea can literally go dancing in the aisles…

    The new 7-Eleven Smart Convenience Store allows customers to enjoy virtual reality based on IT technologies. On the second floor of its Chinese Embassy store in Seoul’s Myeongdong, 7-Eleven placed six smart tables where customers can enjoy web surfing, gaming and watching Youtube videos in partnership with SK Telecom.

    Among the six tables, one features virtual reality technology. If a customer pushes a button saying “Together with Hyeri” (a member of K-pop girl group Girl’s Day), he or she will appear on a wide screen in the floor standing together with Hyeri, a spokesmodel for 7-Eleven.

    Customers can dance with Hyeri, and even take photos with the idol star. The photos will be forwarded directly to the customer’s smartphone.

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  • 7-Eleven heads to Dubai

    7-Eleven heads to Dubai

    Japanese comfort retailer model 7-Eleven has signed a deal to enter the UAE.

    The primary 7-Eleven Dubai retailer will open in September after a franchise partnership was signed with Seven Emirates Funding.

    Khamis Al Sabousi, Seven Emirates Funding’s president, stated the shop would be the first of greater than 820 shops deliberate for the area inside 10 years.

    In a joint assertion with Dubai’s Division of Financial Improvement (DED), Al Sabousi stated bringing a number one retailer like 7-Eleven to the area is a part of his firm’s efforts to develop present provide chains, present progressive dietary options, and encourage younger individuals to discover franchising as a enterprise mannequin.

    “Franchising promotes progress of personal companies and helps formidable kids obtain their objectives, whereas making certain their participation within the improvement of the retail sector,” he stated.

    Omar Bushahab, CEO of Enterprise Registration and Licensing (BRL) sector at DED, added: “We’re delighted to see Seven Emirates Funding taking off with the opening of the primary 7-Eleven retailer set for September. It’s a crucial step ahead for Seven Emirates Funding, which additionally underlines the convenience of doing enterprise in Dubai and its profitable financial coverage on one hand and the arrogance worldwide corporations have within the emirate however.”

    7-Eleven already operates greater than 56,000 shops in 16 nations.

  • Japan’s 7-Eleven says to open first Dubai store in September

    Japan’s 7-Eleven says to open first Dubai store in September

    The first 7-Eleven convenience store will open in Dubai in September as part of a franchise deal with Seven Emirates Investment, it has been announced.

    Khamis Al Sabousi, president of Seven Emirates Investment, said the opening is part of plans by the Japanese convenience store brand to launch more than 820 stores in the region over the next 10 years.

    In a joint statement with Dubai’s Department of Economic Development (DED), Al Sabousi said bringing a leading retailer like 7-Eleven to the region is part of his company’s efforts to develop existing supply chains, provide innovative nutritional solutions, and encourage young people to explore franchising as a business model.

    “Franchising promotes growth of private businesses and helps ambitious youngsters achieve their goals, while ensuring their participation in the development of the retail sector,” he said.

    Omar Bushahab, CEO of Business Registration and Licensing (BRL) sector at DED, added: “We are delighted to see Seven Emirates Investment taking off with the opening of the first 7-Eleven store set for September. It’s a critical step forward for Seven Emirates Investment, which also underlines the ease of doing business in Dubai and its successful economic policy on one hand and the confidence international companies have in the emirate on the other hand.”

    Bushahab also spoke of Dubai’s continuous efforts to help businesses overcome obstacles and continue growing, which he said plays a major role in attracting companies such as 7-Eleven.

    There are currently more than 56,000 7-Eleven stories in 16 countries worldwide.

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  • 7-Eleven Malaysia revenue soars

    7-Eleven Malaysia revenue soars

    Listed comfort retailer operator 7-Eleven Malaysia says gross sales soared 23.7 per cent within the first quarter, previous to the April 1 introduction of GST.

    And the corporate, in a press release to the inventory trade, expressed optimism in its instant prospects regardless of a common softening of the retail market because the implementation of GST.

    “We’re assured concerning the future progress prospects for the remaining interval of the present monetary yr as we’re assured of holding onto our market main place whereas our new retailer enlargement plan stays on monitor.”

    7-Eleven Malaysia reported a revenue of RM14.38 million (US$three.93 million). The expansion was attributed to gross sales progress, a 1.9 per cent enchancment in gross revenue margin and a 14.eight per cent progress in different working revenue.

    Income for the quarter rose 11.5 per cent to RM504.99 million ($137.9 million), largely resulting from retailer community enlargement and an improved merchandise combine.

    7-Eleven Malaysia now has greater than 1500 shops nationwide.

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  • 7-Eleven Philippines gross sales soar

    7-Eleven Philippines gross sales soar

    Philippine Seven Company, the native licensee of 7-Eleven Comfort Shops, has reported a 12.9 per cent progress in internet revenue for the primary quarter of 2015.

    The corporate says the rise is the results of improved working margin and its aggressive 7-Eleven Philippines retailer enlargement program throughout the nation.

    The community of firm owned and franchised shops’ gross sales rose by 24.2 per cent from P4.four billion (US$98.9 million) within the first quarter to 2014 P5.5 billion (US$123.6 million) within the newest quarter. First quarter internet revenue reached P112.9 million ($2.5 million).

    On the finish of the quarter, PSC had constructed its community to 1341 shops – a rise of 292 year-on-year.

    The corporate stated the speed of earnings progress was slower than top-line progress because of the elevated spending attributed to increasing the logistics infrastructure of the corporate. PSC has been constructing the capability of its distribution middle to help its enlargement within the totally different elements of the nation, together with the islands within the Visayas and in DavaoCity.

    Jose Victor Paterno, president and CEO, stated PSC has taken steps to guard and broaden its management in mild of elevated competitors, recognising that rewards for market share are particularly robust within the comfort retailer sector.

    “This includes not solely an elevated tempo of enlargement in areas contested by competitors, however strategic entry into new territories. The latter could also be unprofitable for the primary few years because of the excessive fastened prices of logistics, however we consider will later be rewarded with robust first mover benefits,” he stated.

    “Final yr we entered Panay and constructed on our entry into Negros and Cebu the years prior. This yr we will probably be getting into Mindanao by way of Davao and Cagayan de Oro.”

    For 2015, the corporate might be growing its capital expenditures price range by greater than 50 per cent to help its accelerated retailer enlargement technique.

    Philippine Seven Company operates the most important comfort retailer community within the nation. It acquired from Southland Company (now Seven Eleven Inc.) of Dallas, Texas the license to function 7-Eleven Philippines shops in December 1982 and listed on the Philippine Inventory Trade in February, 1998.

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  • Japan convenience stores eat into supermarkets

    Japan convenience stores eat into supermarkets

    Established supermarket chains across Japan are feeling the pinch as consumers opt instead for smaller shops at more conveniently located Japan convenience stores.

    A feature in The Japan News, an English language version of The Yomiuri Shimbun, says business performance is deteriorating at Ito-Yokado (not at all ironically part of the Seven & I group, which owns 7-Eleven as well) and Aeon.

    Aeon is actively building its shopping centre and retail reach in other Asian countries, such as Thailand, Malaysia, Vietnam – and most recently Indonesia, as it shores up its growth prospects in the wake of a declining Japanese population and stagnant economy.

    As The Japan News reports, while the supermarkets are reporting almost embarrassing results, sales and profits are booming for the convenience store chain giants, especially 7-Eleven, according to financial statements for the year to February 28.

    “This illustrates how the retail chain sector has been split into two contrasting segments. Such checkered business results are mainly attributed to ever-diversifying consumer preferences, which analysts say major supermarkets – have been struggling to keep up with.”

    The report says Aeon president Motoya Okada had “a grim look on his face” during a news conference last week when he announced his company’s business results for the year were “well below our expectations.”

    The largest supermarket chain operator under Aeon’s umbrella, Aeon Retail, saw its operating profits plunge 90.8 per cent from the previous year. Its supermarket business, including Daiei, posted a loss for the first time since 2008.

    Ito-Yokado’s profit slumped 83.4 per cent year-on-year.

    Seven & i Holdings president Noritoshi Murata told a press briefing earlier this month the Japanese market was “in the process of what you might call an increasingly conspicuous split into two disparate trends in consumer behavior”.

    Murata argued that consumer preferences can now be divided into two basic patterns: opting for big-ticket items or prioritising daily necessities.

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  • Seven & I in grocery pact

    Seven & I in grocery pact

    Japanese retail giant Seven & I Holdings is to partner with an Osaka supermarket chain in product development and supply chain initiatives.

    Its new partner, Mandai Co, has about 150 stores in Osaka and four other prefectures in Kansai and achieved ¥279.3 billion (US$2.2 billion) in sales in the year to February.

    While the initial partnership is a working relationship, the Japan Times reports Seven & I, which owns the 7-Eleven convenience store network and Ito-Yokado supermarket chain, may take an equity stake in Mandai.

    Commentators say the partnership will give Seven & I local product and sourcing knowledge, improving its Ito-Yokado offer in Kansai region. Especially beneficial will be food product development and know-how.

    Seven & I, will dominant in Japan’s retail industry, wants to improve the localisation of its offer, reflecting regional characteristics in its food range in particular.

    For Mandai, the partnership could have benefits in its buying power with suppliers and reduce product development costs.

  • Profit surge for 7-Eleven Philippines

    Profit surge for 7-Eleven Philippines

    Philippine Seven Corp, which operates the 7-Eleven Philippines network, has reported a 27.9 per cent jump in income for 2014.

    Its income rose from P682.6 million in 2013 to P873.3 million (US$19.7 million) last year, according to a statement filed with the stock exchange today.

    The result was powered by an aggressive store network expansion program, with a net 273 new stores opened last calendar year – a 27 per cent increase – and higher operating margin.

    In 2015 PSC expects to add as many as 350 more, expanding its network to more than 1600. It will make its first foray into the southern province of Mindanao, in the cities of Cagayan de Oro and Davao.

    About two-thirds of the company’s stores are franchised.

    Network wide store sales rose 19.3 per cent from P17.2 billion to P20.6 billion

    “PSC has taken steps to protect and expand its leadership in light of increased competition, recognising that rewards for market share are especially strong in the convenience store sector,” said PSC president and CEO Jose Victor Paterno.

    “This involves not only an increased pace of expansion in areas contested by competition, but strategic entry into new territories. The latter may be unprofitable for the first few years due to the high fixed costs of logistics, but we believe will later be rewarded with strong first mover advantages.”

    Paterno said the long-term growth prospects for convenience store retailing in the nation are favourable.

    Philippine Seven Corporation operates the largest convenience store network in the country. It acquired the licence for 7-Eleven in the Philippines from Southland Corporation (now Seven Eleven Inc.) of Dallas, Texas in December 1982.

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  • 7-Eleven Malaysia thrives on store growth

    7-Eleven Malaysia thrives on store growth

    7-Eleven Malaysia says its quarterly profit soared 70 per cent on the back of an aggressive store expansion program.

    The listed company operated 1774 stores at the end of the December quarter – 200 more than at the end of 2013. It posted a profit of RM17.9 million (US$4.94 million) for the quarter compared with RM10.5 million ($2.9 million) a year earlier. Revenue rose 14 per cent to RM481.1 million ($132.7 million).

    Full year net profit was up 44 per cent to RM63.7 million ($17.6 million) fuelled by growing sales and gross profit margin and store network expansion.

    Sales rose 12 per cent year on year to RM1.9 billion ($524.2 million).

    7-Eleven Malaysia said in a profit statement it is positive about the year ahead, despite a softening in consumer sentiment (in part driven by wariness of the introduction of GST on April 1).

    “The continuing roll-out of new stores to increase the existing network as well as the on-going store refurbishment programme will have a positive impact. In addition to this, increased promotional and merchandising activities along with the expansion of in-store services and a further expansion of the group’s food and beverage offerings at store level will help drive revenue and profit growth,” the company said.

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