7-Eleven is an international conglomerate which operates the largest chain of convenience stores in twenty countries including: Canada, United States, Mexico and Puerto Rico in the Americas; Norway, Sweden and Denmark in Europe; People's Republic of China, Republic of China (Taiwan), Hong Kong, South Korea and Japan in East Asia; the Philippines, Thailand, Malaysia and Singapore in Southeast Asia; and also South Africa and Australia. Stores operated in the United Kingdom and Ireland in the 1990s but did not prove popular.
The company was founded in Oak Cliff, Texas, which is now part of Dallas, in 1927, and started to use the 7-Eleven name in 1946; the previous branding of these stores was as "Speedee-Mart". Supermarket chain Ito-Yokado, which operates 7-Eleven stores in Japan, purchased the majority interest of Southland Corporation in 1991. Also in 1999, Southland Corporation changed its name to 7-Eleven, Inc.
Initially, these stores used to be open from 7 am to 11 pm, which was quite unprecedented at the time, hence the name; however, most 7-Eleven stores are now open twenty-four hours per day, seven days per week. 7-Eleven's most popular private label products include: Slurpees, a partially frozen slurry in a number of flavors, and the Big Gulp super size soft drink in 32, 44, 52, and 64 (American) fluid ounce sizes. In 2005, 7-Eleven introduced their largest soft drink product, the 128 fluid ounce (1 gallon) Team Gulp.
In November of 2005, Seven & I Holdings Co. completed the purchase of 7-Eleven, Inc., turning the Texas-based publicly-traded conglomerate into a publicly-traded Japanese conglomerate. Seven-Eleven Japan is itself a subsidiary of Seven & i Holdings, which also owns the Japanese Denny's chain of restaurants and Ito-Yokado.
The only privately owned 7-11 stores are located in the Oklahoma City, Oklahoma metropolitan area. These 100 stores are owned by the Brown Family, and carry a slightly different product selection than other 7-11 stores in the world. They do not serve hotdogs, or nachos but have their own bakery called Seventh Heaven, and have fresh baked donut and cookie/pastry rack in each store, while many other regional 7-11s will carry Dunkin' Donuts. Also, due to this agreement, they carry a similar product in lieu of the Slurpee, the Icy Drink. The one side effect to this being that national advertising campaigns and promotions (e.g. movie marketing tie-ins) cannot be used. This unique marketing agreement can be traced to a merger with the Oklahoma based U-Totem stores in the early 70's.
In many U.S. states, 7-Eleven is the only large stand-alone convenience store chain in operation, and is thus synonymous with the term "convenience store" (see genericized trademark).
In 1987, Southland acquired High's Dairy Stores of Maryland, Virginia, and Washington, D.C., many of which were converted to 7-Elevens.
Once ubiquitous, 7-Eleven stores are no longer found in some Midwestern states. In May 1998, it was announced that 113 7-Eleven stores would be sold and converted into Kum & Go stores. Other 7-Elevens, especially those in larger cities like Minneapolis-St Paul, closed. In states like Minnesota, Iowa, and Wisconsin, other convenience stores like SuperAmerica, QuikTrip, Casey's, and Speedway occupy the same market. In contrast, the chain does thrive in the Southwest and in Pennsylvania, particularly in the Pittsburgh market, despite fierce competition with the fast-growing chain Sheetz. Another example of the popularity of 7-Elevens in Pennsylvania is Bensalem, where the town of 60,000 has 4 of the stores in a 20-square-mile area.
Conversely, the chain has long ago pulled out of the Lancaster, Pennsylvania market, which has a strong local chain, Turkey Hill, and encroachment from Wawa from the Philadelphia area, and Sheetz from Altoona.
7-Eleven attempts to have critical mass in the regions in which they are located.
In late 2005, the company began building a new headquarters in the Arts District of downtown Dallas, Texas. Since 1988, the headquarters had been at Cityplace Tower in the Cityplace neighborhood of Oak Lawn, near Uptown.
In early 2006, Citibank began operating 7-11 ATM's. This eliminated transaction fees for Citibank customers.
Winnipeg, Manitoba has had the honor of being designated the "Slurpee Capital of the World" for the past seven years.
7-Eleven in Hong Kong offers items such as food and drink, magazines, medicine, CDs, and MP3 songs. Extra services include the sale of postage stamps, the recharging of Octopus Cards, and ATMs found within the store premises. Also, microwaveable Dim Sum and other Chinese-style snacks can be bought.
Circle-K, another chain of convience stores, is 7-Eleven's major competitor in Hong Kong.
The feel and look of the store is somewhat different from that of the U.S. 7-Elevens in Japan offer a wider selection of products and services. Japanese 7-Elevens offer not only food, drinks, and magazines, but also video games and consoles, music CDs, DVDs, alcohol, condoms, personal hygiene products, as well as seasonal items like Christmas cakes, Valentine's Day chocolates, and fireworks. Customers can also pay for utilities, buy concert tickets, and withdraw money from their bank accounts using the ATM. Slurpees and Big Gulp super size soft drinks are no longer sold in Japan; these products were not popular when 7-Eleven originally openened in Japan. Instead, hot and cold cans of coffee and cans and bottles of various teas are popular. Food sold includes Japanese as well as Western items. In the refrigerator case are onigiri, udon, sushi, salad, microwaveable burritos, sandwiches with the crusts cut off, and bento. Stores offer to heat up microwavable food on the premises and provide complimentary chopsticks or western style cutlery. On the shelves are instant ramen and other dried noodles, bread and rolls, soy sauce, Worcestershire sauce and other condiments, chocolate and other sweets, and snack foods such as potato chips. From warmers, the store provides hot foods like oden, corn dogs and large Chinese meat buns. Physically, almost every Japanese 7-Eleven is laid out in a similar way, with the magazine racks facing a long storefront window. This is intended to prevent patrons from loitering and reading the magazines and comic books by making them visible to people outside the store.
On September 1, 2005, Seven & I Holdings Co., Ltd., a new holding company, became the parent company of 7-Eleven, Ito Yokado, and Denny's Japan.
7-Elevens in Korea, China and Thailand are very similar to those found in Japan, and often sell Japanese food items as well.
The Scandinavian 7-Eleven is a part of Reitangruppen AS. All stores are franchised and 7-Eleven often tries to place the stores on corners in city centers.
In Norway, 7-Eleven was established in 1986. As of August 2004, there are 86 7-Eleven stores in Norway. 7-Eleven in Norway opened its first store in the Smestad intersection on the west end of Oslo.
The first Danish 7-Eleven was opened in Østerbro on September 14, 1993. As of the end of 2005, there were over 55 stores, mostly in Copenhagen, Århus, Aalborg and Odense. From 2005 stores were also located in shopping malls.
7-Eleven Sverige has the license in Sweden since 1993. In the mid-90's, 7-Eleven in Sweden received bad publicity, resulting in many stores being sold and closed down. For a time there were only 7-Elevens in Stockholm and Gothenburg. 7-Eleven returned to the south of Sweden in 2001 when a convenience store opened in Lund. As of 2005 there are 73 7-Elevens in Sweden: 55 of them in Stockholm, 16 in Gothenburg, two in Lund, two in Helsingborg and one in Malmö.
In fact, 7-Eleven is often located adjacent to COSMED (a drugstore similar to and competing with Watson's) and Starbucks, forming a triplex of independent stores all operated by the President Chain Stores.
7-Eleven in Thailand is part of the Charoen Pokphand Group (http://www.cpthailand.com)
7-Eleven Philippines today is focused on redefining and enhancing convenience through strategic initiatives designed to take advance of new technologies and merchandising processes, but which remain based on the fundamental principle of the simple business concept it pioneered over 70 years ago - to provide customers an ever changing selection of quality products and services at fair everyday prices, through speedy transactions in a clean, safe and friendly environment.
The first 7-Eleven stores in Singapore were operated in 1983 with a franchise license under the Jardine Matheson Group. The license was then acquired by Cold Storage Singapore, a subsidiary of the Dairy Farm Group, in 1989. At present, 7 Eleven plans to expand its base to include 300 stores, within the next few years. 7-Eleven has also recently signed an agreement with Royal Dutch Shell to include its convenience stores in all Shell Petrol Stations.
All the 7-Eleven stores in Singapore operate round the clock, except for stores in hospitals and MRT Stations, which have shorter operating hours. 7-Eleven Singapore has four proprietary products. They are Big Gulp, Slurpee, Mr Softee (soft serve ice cream), and Quickbites (Light finger food).
7-Eleven | Convenience stores | Dallas-Fort Worth Texas based companies | Multinational companies | Retail companies of Canada | Retailers of Japan | 1927 establishments
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