who owns 7 11 convenience stores

Who owns 7 11 convenience 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.

It was founded in as Southland Ice Company and was originally an ice house storefront in Dallas, Texas. Over the years, the company evolved into a retail convenience store chain and adopted the name 7-Eleven in to reflect its extended operating hours from a. This acquisition allowed for further expansion and globalization of the brand, which now operates over 78, stores in 19 countries and territories worldwide. The brainchild of Joe C. Thompson, the company first emerged as the Southland Ice Company, an ice house storefront in Dallas, Texas.

Who owns 7 11 convenience stores

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. The convenience store chain traces its origin to , when several icehouse companies merged to form the Southland Ice Company in Dallas, Texas. To reflect their extended hours of operation, the stores were renamed in as 7-Eleven: open from 7 a. So, how did 7-Eleven become synonymous with the Japanese convenience store culture as we know it today? Ito is the post-war entrepreneur credited for making it a global brand that sells everything from yoghurt to ready-made meals and medicine, through a series of acquisitions and expansions between the s and s. According to state broadcaster NHK, Ito got his start in , when he became the president of a small apparel store in Tokyo that was run by his family. He later stared selling food and other daily necessities. He renamed the company Ito Yokado and started running the business like a US supermarket. His firm then acquired a controlling stake in Southland in March A year later Ito resigned as president of Ito Yokado "to take responsibility for alleged payoffs to racketeers by company officials," according to NHK.

This became a big part in the company's success as a convenience store. October 23, Retrieved October 2,

In , there were over 78, stores in the world. There are 7-Eleven stores in 19 different countries. The first 7-Eleven store was in the city of Dallas. The company that owns it, Seven-Eleven Japan Co. The company's first stores were named " Tote'm Stores " because customers "toted" carried away the things they bought.

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.

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. She suggested the change "to make the logo look more graceful".

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Retrieved October 19, The company signed its first area licensing agreement in with Garb-Ko, Inc. Archived from the original on January 30, Inside Franchise Business. Archived from the original on February 13, This holiday first became widely celebrated on July 11, , when first discovered by J. Levvit Robinson was forced to retract misleading statements made in advertising to 7-Eleven franchisees in June by the Federal Court of Australia. United Press International. Hoover's Business Press. This concept revolutionized the way people consumed coffee on the go, providing convenience and efficiency for busy customers. Our mission is to make each day a little more awesome for our customers by delivering fast, personalized convenience that fits their busy lifestyles. The Age. As 7-Eleven continues to evolve, it remains dedicated to providing fast, personalized convenience. In , Southland Ice Company employee John Jefferson Green sold eggs, milk, and bread from one of 16 ice house storefronts in Dallas.

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Overton Jr. Retrieved January 27, Nvidia Corp. Following the example of other convenience stores in Japan, 7-Eleven has solar panels and LED s installed in about 1, of its stores. May 2, Archived from the original on September 23, Nearly 40 teens charged after 'disorderly' gathering: CPD. In , 7-Eleven said they will start more business in Indonesia through a master franchise agreement with Modern Sevel Indonesia and Media Nusantara Citra. The Slurpee drink app made it easy to find 7-Eleven stores and provides driving directions. Retrieved June 19, Retail convenience stores. Retrieved June 9,

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