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Tag: 7-Eleven

  • CP All to roll out 700 more 7-Eleven stores in Thailand

    CP All to roll out 700 more 7-Eleven stores in Thailand

    CP All Plc, the operator of 7-Eleven convenience stores, plans to spend 11.5-12 billion baht this year to expand its business.

    Kriengchai Boonboapichart, the company’s chief financial officer, said 4-4.1 billion baht of total spending is for investment in new projects, subsidiaries and distribution centres, 3.8-4 billion is slated for store expansion, 2.4-2.5 billion is for store renovations, and the remaining 1.3-1.4 billion is for fixed assets and IT systems.

    The company plans to open 700 new convenience stores this year, on par with last year.

    Some 155 new 7-Eleven stores were opened in the first quarter this year.

    “We will continue to open new stores, but with a more cautious approach. There are many uncertainties, so we will select locations that can build revenue and have real demand from customers,” Mr Kriengchai said.

    “Moreover, each location has to possess the capability to support our O2O [online-to-offline] retailing strategies.”

    CP All operated 12,587 branches of 7-Eleven at the end of the first quarter this year.

    Of the total, 6,771 stores belong to business partners and 5,816 stores were owned by CP All.

    Moreover, 85% of the stores were standalone with 15% located in PTT petrol stations.

    CP All reported total revenue of 547 billion baht in 2020, down 4.3% from the previous year, with a net profit of 16.1 billion, a decrease of 27.9%.

    In the first quarter this year, the company’s total revenue dropped by 8.5% year-on-year to 133 billion baht, with a net profit of 2.59 billion, a fall of 54%.

    The decrease in revenue was largely attributed to outbreaks of the pandemic, resulting in a slow recovery of domestic consumption, decreased consumer purchasing power and a lack of tourism.

    Footfall per store per day in the first quarter this year declined to 845, down from 949 in 2020 and a peak of 1,187 before the Covid-19 outbreak.

    The decrease is mainly a consequence of the first wave of the outbreak, followed by a new wave in late 2020.

    The government announced measures to control the pandemic, resulting in a decrease in economic activities.

    The slow recovery of the tourism industry and domestic consumption has also hurt prospects.

    Furthermore, customer lifestyles are shifting to shopping online.

    The company continues to implement O2O retail strategies, such as 7-Eleven Delivery, All Online and 24Shopping to satisfy customer demand.

    CP All aims to provide prompt access to various consumer products, including at 7-Eleven stores, with delivery and pick-up service at branches seeing a good response, said Mr Kriengchai.

  • Former 7-Eleven Malaysia CEO Colin Harvey passes away

    Former 7-Eleven Malaysia CEO Colin Harvey passes away

    7-Eleven Malaysia Holdings Bhd (SEM) said today that the convenience store chain operator’s adviser Colin George Harvey passed away yesterday due to complications from a recent illness.

    In a statement today, SEM said Harvey was the chief executive officer (CEO) of SEM from July 2018 until November 2020 prior to his current designation as an adviser to the group.

    SEM chairman Tan Sri Abdull Hamid Embong said in the statement: “We are greatly saddened by the passing of Colin Harvey, and on behalf of our board of directors, management team and employees, we extend our deepest sympathies to Colin’s family.

    “We mourn his loss, and he has our deepest gratitude for his dedication and contribution to the group over the years.” Abdull Hamid said.

    According to SEM’s Bursa Malaysia filings on Oct 30, 2020, UK citizen Harvey, aged 50, on Dec 1 resigned as SEM’s executive director cum CEO due to health reasons.

    Harvey was jointly succeeded by Wong Wai Keong and Tan U-Ming.

    According to SEM’s filings, Wong and Tan were appointed co-CEOs with effect from Dec 1.

    On Friday, SEM’s share price closed unchanged at RM1.33, with a market value of about RM1.5 billion.

  • 7-Eleven to invest $1 billion to reach carbon neutrality

    7-Eleven to invest $1 billion to reach carbon neutrality

    Seven & I Holdings, 7-Eleven’s guardian company, is to invest US$1 billion to reach carbon neutrality by 2050.

    The company goals to scale back its greenhouse gasoline emissions to zero at its retail shops, the place greater than 90 percent of its energy consumption takes place. Seven & I stated it’ll additionally invest $960 million into the environmental sector over the subsequent 5 years.

    To reach the goal, the retail conglomerate will set up photovoltaic panels and LED lamps throughout its retailers whereas partnering with Toyota Motor to run fuel-cell vehicles for the distribution. Renewable energy vegetation, together with wind farms and hydroelectric vegetation, will even be invested

    In the US, 7-Eleven will characteristic charging stations at 250 retail shops, encouraging electric-car use.

    Seven & I generates 2.2 million tons of greenhouse gasoline per yr, accounting for the best quantity amongst Japan’s retail retailer operators. Similar to 7-Eleven, Japanese retailer Aeon has additionally joined the carbon neutrality mission, concentrating on zero emissions by 2050.

  • 7-Eleven Malaysia appoints CEO team

    7-Eleven Malaysia appoints CEO team

    7-Eleven Malaysia Holdings Bhd has appointed CFO Wong Wai Keong and executive director Tan U-Ming as the co-CEOs for the company, effective Dec 1, 2020. Wong will also be appointed as an executive director of the company, effective Nov 1, 2020.

    They will jointly succeed Colin George Harvey, who will relinquish his post as executive director and CEO effective Dec 1, 2020 for health reasons. Harvey will continue with the company in his new capacity as an advisor and consultant.

    7-Eleven Malaysia chairman Tan Sri Abdul Hamid Embong said Wong and Tan’s combined 15 years of experience with the company will provide the strength and stability needed to weather through the uncertain economic conditions caused by the Covid-19 pandemic.

    Wong was appointed as CFO of the company in March 2018. Prior to joining 7-Eleven Malaysia, he was the group finance director of SyAqua Group Inc overseeing the Asian markets and Florida, USA where he was involved in the organization expansion and was instrumental in transforming the group into an integrated functional business. He has previously held management roles in Avon Cosmetics, KFCH Marketing, Ayamas Food Corp, Abbott Laboratories, and Wyeth. He was also a lead application consultant with JD Edwards.

    Wong is also a member of the Chartered Institute of Management Accountant, the Malaysian Institute of Accountants, and the Chartered Global Management Accountants.

    Tan was appointed as a director of 7-Eleven Malaysia Sdn Bhd in 2008, where he was responsible for overseeing the merchandising, supply chain, procurement and marketing functions. He was appointed to the position of executive director in 2011. Tan was appointed to the board of 7-Eleven Malaysia in August 2013. He currently holds directorships in other private companies of various industries.

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  • 7-Eleven opens Snoopy concept stores in Hong Kong and Macau

    7-Eleven opens Snoopy concept stores in Hong Kong and Macau

    7-Eleven has always been known for running attractive redemption programs that offer appealing collectibles. However, the team decided to do things differently this time around, they wanted to shift the program from simply being a way to reward loyalty into a platform to increase brand equity and authentically engage the customer in a fun and exciting way.

    So, 7-Eleven launched a total of four Snoopy concept stores in Hong Kong and Macau to not only showcase and generate awareness of the program itself but also create an exciting destination for Snoopy fans to visit and enjoy.

    To coincide with Snoopy’s 70th birthday, 7-Eleven chose to collaborate with PEANUTS, the iconic cartoon strip featuring Snoopy and his friends. “HAPPINESS IS….” was selected as the overarching platform for the campaign; a famous catchphrase from the PEANUTS cartoons that encourages us to appreciate the little things in life.

    In their latest redemption program, 7-Eleven partnered up with PEANUTS and Japanese lifestyle fashion brand Niko and… in their first-ever crossover collection in Hong Kong to launch a series of eight colorful, stylish eco-bags featuring Snoopy and the gang. To accompany the launch and promote the program in an exciting and engaging way, 7-Eleven developed the innovative idea of the Snoopy concept store.

    The rationale behind the Snoopy concept stores was to bring the redemption program to life and create an opportunity for customers to truly experience the wonderful world of Snoopy and his friends within selected 7-Eleven stores.

    Four locations were chosen to undergo the transformation; a hub of three stores in the high traffic district of Mongkok to create a “Snoopy Town” for added impact and one store in Macau. Each store is decorated individually in a special theme to represent a particular concept under the umbrella of the HAPPINESS IS… platform — Friendship and Togetherness, Sharing, More Hellos, and A Day Out. The different fit-outs not only flesh out the HAPPINESS IS…concept but also give customers a compelling reason to visit each and every concept store to create and share even more happy moments.

    To create a true 360-degree customer experience, stores were decorated from top to bottom. Special Snoopy touches have been added throughout including the shopfront, category signage, chiller and freezer doors, walls, and, in some stores, even the ceiling! The finished stores look as though they have just leaped off the pages of a PEANUTS comic; shelving has been transformed to look like Snoopy’s iconic red doghouse and a custom-made gondola end display installed featuring a jumbo Snoopy figure driving a bright yellow school bus.

    Team members at the Snoopy concept stores can also join in on the fun. An exclusive Snoopy x 7-Eleven T-shirt featuring the iconic Charlie Brown chevron stripe has been designed for them to wear within the stores.

    The eye-catching displays and appealing artwork put smiles on customers’ faces and also give them many opportunities to take “Instaworthy” images to share on social media with their friends and family. The authentic user-generated content is invaluable in creating buzz for the stores and far-reaching exposure of the campaign.

    One of the team’s primary objectives was to strengthen the brand association between 7-Eleven and the PEANUTS franchise in a fun and engaging way. Visitors to the concept stores can see Snoopy and his friends enjoy a range of 7-Eleven SIGNATURE products including Slurpees, Sundae, and 7Café coffee and Hot Shot. And if you look carefully, Snoopy can even be spotted wearing a 7-Eleven uniform himself!

    After experiencing the store, take Snoopy and the gang home with you in the form of exclusive PEANUTS merchandise! Snoopy’s influence is not just noticeable in the store decoration but also in the product range of these specialty stores. One store contains a dedicated Snoopy corner where customers can purchase exclusive PEANUTS-themed merchandise including pet products, lunch boxes, cutlery sets, and other accessories. Yet another chance to bring a little bit of Snoopy happiness home with them.

    The Snoopy concept stores are a successful example of building on an already popular market promotion to give customers a fun and exciting store experience. The introduction of the concept stores elevates the redemption program to another level, turning it into a platform to authentically connect with customers and reshape how they think and feel about 7-Eleven as a brand.

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  • 7-Eleven in Taiwan to offer restaurant grade fresh meals

    7-Eleven in Taiwan to offer restaurant grade fresh meals

    Convenience store chain 7-Eleven in Taiwan has partnered with a restaurant and a hotel to offer fresh-cooked meals to consumers.

    The service, launching this week at the Dongxing Road outlet in Taipei, will retail assorted boxed meals targeting office workers following seven different menus prepared for the venture by Regent Taipei chefs and restaurant Su/food.

    Customers are invited to place advance orders for the meals, to be picked up on the same or following day at noon. The partnering providers will deliver the meals to the participating stores, which will store them to preserve the temperature.

    7-Eleven in Taiwan expects the venture to increase its meal sales by 10 to 20 percent. After a trial period, the concept is expected to be rolled out more widely.

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  • 7-Eleven and Coca-Cola open crossover experiential store in Singapore

    7-Eleven and Coca-Cola open crossover experiential store in Singapore

    7-Eleven has collaborated with Coca-Cola to launch a crossover experience store in Singapore. Located at the House of Eden, the store spans two stories and is dressed in Coca-Cola’s signature red.

    Behind the floor-to-ceiling glass windows, a giant ‘Coca-Cola Splash Tree’ and beverage cooler signify this store is something different from the typical convenience store. The ground floor houses a 7-Eleven retail area which also sells ready-to-eat meals and fresh baked goods.

    To get to the upper floor, customers walk through a Coca-Cola branded staircase ‘tunnel’ with LED lighting under each panel to guide their steps. The floor houses a customized 7-Eleven x Coca-Cola Pit-Stop wall and a seating area with red and white furniture. Two claw machines are set up near the staircase for entertainment.

    The store also features several Instagrammable backdrops with the brands’ logos for visitors to take photos with.

    “Through this collaboration, we will further strengthen our position as a fun and innovative brand and create talk-of-the-town experiences for our customers,” said Steven Lye, MD of 7-Eleven Singapore.

    “Today, the convenience store culture has also become an intrinsic part of our fast-paced lifestyles,” said Chris Tan, commercial director, Coca-Cola Singapore Beverages. “At the Coca-Cola Pit Stop with 7- Eleven here in Singapore, they can re-energize within a safe environment that truly embodies the Coca-Cola brand.”

    Coca-Cola Pit-Stop Singapore is not the brand’s first collaboration with 7-Eleven. In July, both brands launched a themed store in Hong Kong, where the convenience-store business is owned by the same franchisee, Dairy Farm International. But compared to the Hong Kong store design, this Singapore store is considerably larger and more imaginative.

  • 7-Eleven Japan to start home delivery from stores

    7-Eleven Japan to start home delivery from stores

    Japanese convenience-store operator 7-Eleven is launching a home-delivery service from its outlets to meet continued demand sparked by the Covid-19 outbreak.

    The service will commence this year initially with 100 Tokyo stores, to be expanded to 1000 from next year. The service will take on other e-commerce operators in the territory such as Amazon with a 30-minutes target delivery time and by accepting late-night ordering, partnering with Seino Group to handle logistics.

    Tests of the service are already being conducted at 39 stores in the Tokyo area within a limited delivery radius. Observers say a full rollout of the service may depend on 7-Eleven’s ability to secure the necessary workforce at a time of labor shortage in the market.

    The news comes as the firm deals with what may be a growth ceiling on its 50,000-store network, while e-commerce continues to blossom in Japan.

  • 7-Eleven Malaysia keeps profit levels as before Covid-19 outbreak

    7-Eleven Malaysia keeps profit levels as before Covid-19 outbreak

    Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic.

    Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million.

    The business remained healthy despite the Covid-19 restrictions that enforced restricted hours and the temporary closure of some stores. Stores are still unable to trade 24 hours.

    While the business remained profitable, most product categories recorded lower revenues, with the exception of tobacco, which grew 22.7 percent during the reporting period.

    The group expects to explore further opportunities for growth in the second half of its financial year as trading conditions gradually recover.

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  • 7-Eleven launches apparel range with Forever 21

    7-Eleven launches apparel range with Forever 21

    Forever 21 has teamed with 7-Eleven to launch a casual apparel range, featuring the US convenience chain’s famous logo and soft drinks.

    The US-released 7-Eleven apparel collection comprises 16 colorful pieces, including regular Tees and hoodies, representing the convenience-store chain’s summer drinks – Slurpee and Big Gulp.

    “7-Eleven is a modern breathing brand, but also a nostalgic phenomenon for many,” said Joanna Choo, global creative director at Forever 21.

    “Forever 21 echoes this mindset by presenting a collaboration for its customers that pays homage to everyone’s favorite memory of being out, but staying close to home, heading out for a quick snack run with friends, and finding comfort in the little things.

    “During this time, it makes sense to create a capsule that’s about being cozy but stylist,” she said.

    Forever 21 has launched several promotions on Instagram and TikTok, including a dance challenge, poll, games, and sweepstakes. A Slurpee AR hologram in the Forever 21 app allows followers to take photos and share on social media.

    “When this year turned everyone’s summer plans on their head, including our free Slurpee drink birthday celebration, we were thrilled to add some sizzle to the summer through our collaboration with Forever 21,” said Marissa Jarratt, chief marketing officer and senior VP at 7-Eleven.”

    The Forever 21 x 7-Eleven collection is sold only online.

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  • 7-Eleven warns of bogus ‘franchisor’ in Cambodia

    7-Eleven warns of bogus ‘franchisor’ in Cambodia

    Convenience-store chain 7-Eleven has warned of a bogus ‘franchisor’ in Cambodia. The company said it received reports that there is an unauthorized party representing itself as 7-Eleven’s master franchisee in the country and attempting to sell outlets.

    The reports promoted the company to issue an announcement confirming that Thailand’s CP All is the sole master franchisee in the market, having the exclusive right to open and operate 7-Eleven stores there.

    Last May, Thailand’s CP Group signed a master franchise agreement to operate the chain in Cambodia. The first store is scheduled to launch in Phnom Penh next year.

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  • 7-Eleven marks it’s milestone with the 71,100th store in Seoul

    7-Eleven marks it’s milestone with the 71,100th store in Seoul

    7-Eleven has hit a new milestone with the opening of its 71,100th store, located in Seoul, the capital of South Korea.

    “7-Eleven’s iconic orange, green and red stripes are easily recognized in 17 countries around the world,” said 7-Eleven President and CEO Joe DePinto.

    “The company got its start because an entrepreneurial ice-dock employee saw his customers had a need and came up with a creative way to serve them. A lot has changed in how, when, and where 7-Eleven does business. But one thing that hasn’t changed is our commitment to putting customers at the forefront of all we do.”

    The brand opens a new store somewhere in the world roughly every 3.5 hours. Early last month, the first 7-Eleven in Hunan, China broke the international opening-day sales record for the company brand, reporting US$70,310 of turnover.

    With the new 7-Eleven milestone passing, the growth shows no signs of slowing. Master franchisees for India and Cambodia are expected to be taken up soon. In Asia, 7-Eleven already has networks in China, Hong Kong, Singapore, Thailand, Malaysia, Japan, South Korea, and Vietnam.

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  • 7-Eleven Malaysia sales surge on store network expansion

    7-Eleven Malaysia sales surge on store network expansion

    7-Eleven Malaysia sales grew by 6.1 percent in the first quarter of this year, largely on the back of 34 new store openings.

    Total sales grew by US$8.2 million during the quarter to $142 million and profit attributable to shareholders rose by 1.9 percent to $2.6 million. Same-store sales were up 1.9 percent.

    CEO Colin Harvey said the company’s strategic roadmap of strengthening assortment, supply chain, operational excellence, store base and digitally enabling the organization continues to bear fruit.

    “Despite challenging conditions ahead due to the Covid-19 pandemic, our continuous discipline in executing our strategic roadmap as well as leveraging and seeking out opportunities from our recent corporate acquisitions whilst remaining flexible to adapt to market changes shall ensure that 7-Eleven remains the nation’s preferred convenience store choice,” he said.

    The company’s revenue growth was driven by new stores, higher same-store sales and better consumer promotion activity. Revenue from fresh food grew by more than 13 percent and from tobacco by more than 7 percent.

    Despite the strong first quarter, Harvey says the group will be impacted by the Covid-19 crisis with stores in its malls closed and others operating under restricted hours during the country’s Movement Control Order

    7-Eleven Malaysia now has 2419 stores across Malaysia.

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  • 7-Eleven and Nike to launch co-branded sneakers and other footwear

    7-Eleven and Nike to launch co-branded sneakers and other footwear

    7-Eleven and Nike will collaborate to create a new sneaker featuring the convenience-store chain’s distinctive logo colors, but the shoes will most likely be released only in Japan.

    According to multiple blogs covering sneaker news, the new 7-Eleven and Nike SB Dunk Lows will feature a color-blocking design in orange, green, and red and will come with a three-pack of extra laces to match, each with stripes in the three logo colors at the tips. Nike’s own logo will be displayed on the sides of the shoe with 7-Eleven’s logo seen embroidered onto the lateral heel.

    The midsole uses Nike Air technology to ensure consistent optimal cushioning.

    While initial reports suggest that the shoes may only be available in the Japanese market, some sneakerheads suspect the launch may this time be a little more widespread given 7-Eleven’s rapid spread across new markets, especially in Asia.

    This is Nike’s second collaboration with the chain since its Christmas SB Dunk High Pro sneakers were released in 2008.

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  • Thailand’s CP wins 7-Eleven rights to operate in Cambodia

    Thailand’s CP wins 7-Eleven rights to operate in Cambodia

    Thailand’s CP Group will launch 7 Eleven Cambodia next year after winning the franchise rights for the country.

    CP Group, which operates 7-Eleven in Thailand, will run the business via its local subsidiary. The first outlet is expected to open in Phnom Penh.

    According to reporting in Nikkei, CP will be responsible for all business strategy and distribution activities of 7-Eleven Cambodia, and will bear the right to use the brand logo and signage.

    The operation will also include grocery sales along with some banking and delivery services.

    With 12,000 outlets, Thailand is the second-largest market for 7-Eleven after Japan.

    Founded in 1927 in Dallas, Texas, 7-Eleven is now owned by Japanese retail group Seven & I Holdings.

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