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7-Eleven President Says Company Will More Than Double U.S. Footprint

7-Eleven President Says Company Will More Than Double U.S. Footprint


IRVING, TX
Thursday, September 22nd, 2016

Great news, lovers of slurpees and late night treats. You’ll soon be able to get your fix a whole lot easier. 7-Eleven has announced plans to grow its footprint by 11,500 stores in the U.S.

Kazuki Furuya, President, Seven-Eleven Japan Co., Image via Nikkei Asian ReviewAccording to Kazuki Furuya, President of 7-Eleven’s Japanese-based parent company, this expansion of the U.S. division is due in part to increased quality of its food offerings. In publication the Japan Times, Furuya cites Japanese-style product development and services through personnel exchanges as the reason for the big jump in product quality.

These better products are leading to an influx of more middle-income consumers to 7-Eleven stores, Furuya said, whereas typically in the past, the chain has attracted a mostly low-income customer base. The company believes this may help boost its U.S. unit’s average daily sales per shop to between $8,000 and $9,000 a day, up from around $5,000 a day currently.

And this isn’t the company's first foray into U.S. expansion this year. This past May, 7-Eleven announced the purchase of 79 convenience stores from CST Brands Inc. for $408 million.

While the timeline of when the new stores will be opened has not been announced, Deli Market News will continue to bring you updates.

7-Eleven


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