December 15, 2006 |
7-Eleven Inc., the largest U.S. convenience-store company, said it planned to add 30% more North American outlets and would start selling hot meals to fend off rival chains and supermarkets encroaching on its territory. The Dallas-based company, bought by Tokyo-based Seven & I Holdings Co. last year, operates and franchises 6,100 stores selling snacks, slush drinks and soda in the U.S. and Canada. 7-Eleven intends to raise that number to about 8,000 by 2010.
October 12, 2006 |
This was one pitch on which the Chicago White Sox weren't going to whiff. The club confirmed Wednesday that "play ball" will sound at precisely 7:11 p.m. for weeknight home games next season in a promotional deal with convenience store chain 7-Eleven. "In baseball, you want to have the financial resources to put the best possible resources on the field," said Brooks Boyer, the team's vice president of marketing. "This allows us to do that."
September 28, 2006 |
Venezuelan President Hugo Chavez can pump books but his country's oil company can no longer pump gas for 7-Eleven Inc. Amid a growing backlash against anti-American comments by Chavez, the Dallas-based convenience store giant said Wednesday that it was dropping Venezuela-backed Citgo Petroleum Corp. as its gasoline supplier so it could launch its own brand. Torrance-based Tower Energy Group will deliver fuel to most of the 7-Eleven outlets that Citgo is losing.
December 27, 2005 |
Seven & I Holdings Co., owner of 7-Eleven convenience stores in Japan and the United States, said Monday that it would buy department store operator Millennium Retailing Inc. in a cash-and-stock deal that would create Japan's largest retailer. Tokyo-based Seven & I aims to jump-start its growth with department stores that have been benefiting from improvement in Japan's economy, though the outlook for general merchandise and convenience stores remains gloomy because of market saturation.
October 23, 2005 |
On paper, it seems like the perfect fit: the city that never sleeps and the top purveyor of 24-hour-a-day convenience. In fact, when a 7-Eleven opened in Manhattan this summer for the first time in 23 years, New Yorkers happily queued up in long lines to purchase ice-cold Slurpees on a bustling corner of East 23rd Street. But not all residents have welcomed the presence of the world's largest convenience store chain.
September 2, 2005 |
Seven-Eleven Japan Co. said Thursday that it would launch a $1.2-billion cash tender offer for the 27.3% stake it doesn't already own in its U.S. affiliate, 7-Eleven Inc., in a move to take the world's largest convenience store chain private. Seven-Eleven Japan -- which is Japan's largest convenience store operator with more than 10,000 locations -- is 51% owned by Ito-Yokado, a Japanese retailer and Denny's restaurant franchisee. The company, which already holds 72.7% of the U.S.