CALIFORNIA | LOCAL
December 9, 1991 |
The obviously drunk woman staggered into the 7-Eleven store on Sunburst Street in Lake View Terrace, pulled a $5 bill from her coat and wordlessly placed it on the counter. Recognizing a regular customer, the clerk pulled a pint of liquor from below and handed over her change, even though selling alcohol to an intoxicated person is illegal. The incident, observed by police vice officers, was typical of the store's indifferent sales practices, according to residents and customers.
November 15, 1989 |
Southland Corp. said Tuesday that it may be unable to make payments due in 1991 on debt it incurred in its $4.9-billion leveraged buyout and is considering a recapitalization or other restructuring. Southland, which was acquired by its founding Thompson family in the 1987 buyout, until now had maintained that it could meet its debt obligations. But the company said previous sales projections at its 7-Eleven convenience stores had not been met.
October 25, 1990 |
Southland Corp., parent of the worldwide network of 7-Eleven convenience stores, sought court protection from creditors Wednesday in the second-biggest retailing bankruptcy case in U.S. history. The Chapter 11 bankruptcy filing, however, is designed to push through Ito-Yokado Co.'s proposal to buy 70% of debt-ridden Southland for $430 million in cash. The bailout deal would be the largest Japanese investment in a U.S. retailer.
CALIFORNIA | LOCAL
May 13, 1992 |
A 7-Eleven market in Van Nuys is a public nuisance that fosters prostitution, drug sales, drunken-ness and lewd conduct, and the store must hire a security guard and close late at night, a Los Angeles city zoning panel ruled Tuesday. The order by the Board of Zoning Appeals to owners of the store at 15317 Vanowen St. was the second such action involving a 7-Eleven in the San Fernando Valley in recent months.
August 31, 1995 |
Manmeet Nijjar has all the latest crime-prevention gear in place at his 7-Eleven store, and he and his employees have learned the latest policies and theories on criminal behavior. * There are more and brighter lights inside and out. Windows are uncluttered for a better view. Aisles are wider and better marked so customers can get what they want quickly. No more than $30 in cash is kept in the till at night.
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."
July 30, 1998 |
As Jeff Kwan waits in line at a 7-Eleven in Rosemead to buy cigarettes and a Lotto ticket, a monitor above him flashes sports scores, weather reports and plugs for Big Gulp drinks. "When you are on line, there isn't anything to do," said Kwan, 25, glancing briefly at the screen. Enter Mentus Media. The ambitious Minneapolis company headed by the nation's one-time billboard king has placed video monitors in about 400 Los Angeles-area 7-Eleven stores to fill shoppers' idle moments with ads.
July 26, 2000 |
Gov. Gray Davis on Tuesday appointed a 7-Eleven Inc. executive to the $118,514-a-year job as director of the California State Lottery. Joan M. Wilson, 68, of West Covina has been a 7-Eleven government affairs specialist since 1972. Her appointment must be confirmed by the state Senate. She is not well known among state lawmakers who oversee the lottery, and her appointment came as a surprise Tuesday. The appointment "has a neutral cast for me," said Sen. Don Perata (D-Oakland).
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.
July 25, 2007 |
Ever since 20th Century Fox and 7-Eleven teamed up to convert a dozen of its North America stores (including two in the L.A. area) into fictional Kwik-E-Marts as a monthlong promotional tie-in to "The Simpsons Movie," fans have been lining up for real-world versions of the Buzz Cola, KrustyO's and Squishees that previously existed only in the animated series. "I never thought we were going to do this kind of business," said Swarn Sahni, who owns the 7-Eleven franchise at 1611 W. Olive Ave.