July 7, 1987 |
Southland Corp., operator of the 7-Eleven convenience store chain, said Monday that it will sell its Chief Auto Parts stores and virtually all of its dairy and food-processing businesses to help pay off the mountain of debt associated with a $4-billion leveraged buyout. The Dallas-based company will stick to the business it knows best: 7-Eleven--the nation's largest convenience store chain with 7,600 outlets--and about another 1,000 such stores under different names.
March 23, 1990 |
The financially strapped parent of the 7-Eleven convenience store chain, Southland Corp., announced Thursday that it has agreed to sell 75% of the company to its longtime Japanese partner in a tentative deal roughly valued at more than $750 million. If completed, the acquisition would be the biggest Japanese investment ever in a U.S. retailer.
CALIFORNIA | LOCAL
December 21, 2000 |
After encountering strong community opposition, 7-Eleven officials have withdrawn a liquor store application for a new store to be built across the street from a Southwest Los Angeles school. At an area Planning Commission hearing Tuesday, 7-Eleven representatives announced they had withdrawn their application to sell beer and wine at a store across the street from an elementary school.
November 18, 1997 |
Advertising is coming to the really small screen. Beginning today, 15-second commercials will appear on some automated teller machines in San Diego while the machines process transactions. Ads for Nissan vehicles and 20th Century Fox movies will play on the screens of specially rigged ATMs in 165 7-Eleven stores in San Diego. The company that operates the machines, Texas-based Electronic Data Systems, plans to test the ads through February.
April 19, 1994 |
The parent of 7-Eleven Stores disclosed Monday that it is not terminating franchise agreements with four of eight store operators it had accused of price gouging after the Northridge earthquake. In January, Southland Corp. announced plans to cancel agreements with eight franchisees to send a signal that 7-Eleven "does not tolerate or condone" price gouging. The company's action came amid widespread complaints about gouging and was praised by lawmakers.
CALIFORNIA | LOCAL
June 25, 1993 |
As the eight 7-Eleven stores destroyed in last year's riots reopened Thursday amid much fanfare, Korean-American grocers charged that they have received unfair treatment by the Los Angeles city government in their efforts to reopen.
December 25, 1998 |
Along with soft drinks, prepaid phone cards, six packs of beer and gasoline, Southland Corp. has recently started aggressively promoting wine in its 7-Eleven convenience stores. The 3,200 7-Eleven units in the United States allowed to carry wines under local liquor ordinances now stock up to 30 different kinds of varietal and premium brands, at prices ranging from $5.99 to $14.99 a bottle, said Dennis Phelps, the retailer's category manager for beer and wine.
CALIFORNIA | LOCAL
November 16, 2000 |
As children walk to and from Coliseum Elementary School, they must navigate around gangs, drugs and violence on a daily basis. Their neighborhood is well known to every officer in the Los Angeles Police Department's Southwest Division. At least 88 stores in a nine-mile radius already have liquor licenses, police say. The last thing area residents need there, officers said, is a 7-Eleven store selling alcohol across the street from where the children go to class.
January 22, 1994 |
The parent of 7-Eleven Stores said Friday that it is terminating franchise agreements with operators of eight San Fernando Valley stores for overcharging victims of Monday's devastating quake. Dallas-based Southland Corp. said employees, which the chain sent out as undercover shoppers, were charged inflated prices for food, water, batteries and cigarettes at the stores.
February 6, 1990 |
An arbitrator has found Southland Corp., parent of the 7-Eleven retail chain, guilty of intentional racial discrimination against a black couple who owned two of the company's convenience stores in the Los Angeles area. The arbitrator, however, ruled in the Dallas-based company's favor in a separate racial discrimination case. Jack A.