7-Eleven Plans Huge National Expansion
An article in the Japan Times reports that the familiar convenience store brand 7-11 is on track to become a lot more familiar and convenient. The chain currently operates 8,500 stores in the United States, but its Japan-based parent company has announced it plans to bump that number to 20,000.
The 11,500 new stores are part of an ambitious plan to increase not just the real estate footprint but the average daily sale at the stores:
Seven-Eleven Japan Co. expects to open thousands of new stores in the U.S., increasing its current tally of 8,500 to 20,000, President Kazuki Furuya said.
The unit of Japanese retail giant Seven & I Holdings took full control of 7-Eleven Inc. of the United States in 2005.
The U.S. unit is now prepared to expand its network after introducing Japanese-style product development and services through personnel exchanges with Seven-Eleven Japan, Furuya said.
He said whereas U.S. customers tended in the past to be lower-income people, increasing numbers of the middle-class are now using the outlets because the quality of goods has improved.
The U.S. unit believes it can boost its average daily sales per shop to between ¥800,000 [$7,969.00] and ¥900,000 [$8,965.00] from some ¥500,000 [$4,981.00] at present, he said.
US Real Estate Department
Commercial property professionals with ideas on how to facilitate the chain’s new goals can contact 7-11’s Real Estate department at its corporate website, which includes a form to submit property for consideration and a downloadable Development Market Map to highlight areas of priority to the corporation. Other contact can be made with the details below:
Real Estate Department
P.O. Box 711
Dallas, TX 75221-0711
Email: [email protected]
(Photo credit: Wikipedia)