Who owns 7 11 convenience stores

Inthere were over 78, stores in the world. There are 7-Eleven stores in 19 different countries.

Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98, closing the chapter on one of Asia's most storied retail entrepreneurs. Ito transformed everyday retail in Japan, turning a US-born company into an international brand, particularly in Asia where 7-Eleven shops are rarely more than a few minutes' walk away in many cities. Chief competitors include the Japanese-owned Lawson and Family Mart convenience store franchises, but neither has reached the sheer size or global reach of the 7-Eleven empire. Ito's business acumen was influenced by his friendship with the late management consultant Peter Drucker, who described Ito as "one of the world's outstanding entrepreneurs and business builders. In a interview with The Journal of Japanese Trade and Industry, Ito said he traveled to the US in and "experienced a kind of cultural shock at how rich everybody seemed" at a time when Japan was recovering from the aftermath of World War II.

Who owns 7 11 convenience stores

But he wants more. Although American in origin, the convenience store concept turned out to be transformational for the Japanese company, which fully took over the chain in in the US and embraced it as part of its name. While pushing to open 7-Eleven outlets across Asia, Isaka has taken a different approach in the US, where he orchestrated the acquisition of Speedway and Sunoco gasoline-station networks. One hint of the potential can be seen on YouTube, which is rife with clips extolling the virtues of egg-salad sandwiches and fried chicken from 7-Eleven, as well as its main rivals, FamilyMart and Lawson. The goal is to create a supply chain that can deliver products everyday, while constantly evolving to reflect seasonal changes and demographics, like in Japan, he said. At a recent product development meeting, 7-Eleven staff gathered to discuss flavors and textures of fillings for rice balls. While seeking to balance quality with a recent rise in prices, they were seeking to replicate the taste of homemade riceballs, according to Nakyoung Kim, merchandiser of rice and noodle products at 7-Eleven Japan. Now in 20 countries and regions, Isaka is seeking to add 10 more by fiscal In response last year, ValueAct sought to replace Isaka and other board members with its own candidates, but failed. The retailer traces its origins back to the Yokado Clothing Store, founded in Tokyo in With the fading of the post-Second World War generation, which made up 40 per cent of the Canadian population from the mid s to the early s, goes the defined benefit pension plan. Nvidia Corp. Are you looking for a stock? Try one of these. News Video.

Southland Corporation partnered with Uni-President to modernize the stores.

Thomson Reuters. He is based in Sydney. She joined Reuters in from Debtwire where she covered leveraged finance and the primary debt market for three years. She majored in business journalism at Washington and Lee University. Reports mainly on pharma, retail and breaking news in Japan. Previously worked at U.

Thompson Jr. We strive to be the first choice for convenience for our customers — anytime, anywhere. To lead, we serve. We live by our Values and Leadership Principles so we can best serve our customers, our stores, our Franchisees, and our communities — every single day. Learn More. Speedway operates in 36 states across the U. Learn more. Stripes Convenience Stores operates predominantly in Texas and Louisiana. Customers can find specialty tacos and meals that are not always seen in quick-serve Mexican restaurants, such as authentic barbacoa, chorizo, carne asada, carnitas, and breakfast tacos made with fresh-cracked eggs.

Who owns 7 11 convenience stores

It was named Tote'm Stores between and Both Speedway and Stripes operate alongside 7-Eleven's namesake stores in several markets. The company's first outlets were in Dallas, named "Tote'm Stores" because customers "toted" away their purchases. Some stores featured "native" totem poles in front of the store. In , the chain's name was changed from "Tote'm" to "7-Eleven" to reflect the company's new, extended hours, a. Following 7-Eleven's adoption of its current logo in , a lowercase n was used in the logo because the first wife of John P. Thompson Sr.

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Archived from the original on January 11, April 14, Retrieved July 25, Retrieved April 13, Ito's business acumen was influenced by his friendship with the late management consultant Peter Drucker, who described Ito as "one of the world's outstanding entrepreneurs and business builders. But the Japanese conglomerate later took over the U. March 6, January 31, Convenience Store News. In April , 7-Eleven launched the "Take it to Eleven" ad campaign. Archived from the original on October 9, Retrieved July 11, Retrieved September 17, Convenience Store Decisions. October 23,

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May 8, Pensacola News Journal. The company, originally founded as Southland Ice Company in , has evolved over the years to become a leader in the industry. Archived from the original on May 27, March The Atlantic. In the U. Retrieved November 6, The New York Times. Archived from the original on September 15, Major convenience stores in Oceania. Retrieved January 11,