7-Eleven Opens Its 60,000th Store
Global retail chain 7‑Eleven Inc. has celebrated the opening of its 60,000th store. The 7‑Eleven chain of convenience stores was founded as the Southland Ice Company in Oak Cliff (Texas), in 1927. Using its extended opening hours to advertise its brand name, the company changed to '7-Eleven' in 1946. 7-Eleven Stores started staying open 24 hours in 1971.
“The 7‑Eleven story is amazing and inspiring; we started as a small local ice house and have grown over the years into an iconic global brand,” said Joe DePinto, 7‑Eleven President and CEO. “We will continue to grow by staying focused on the constantly changing convenience needs of our customers and by staying committed to the communities we serve.”
Last year, 7‑Eleven opened approximately 4,000 new stores. The first 7‑Eleven store in Vietnam is expected to open in Spring 2017, further expanding the company’s operations to 18 countries across continents. Using the franchise model, the company has opened stores in Asia, Australia and Europe. 7-Eleven Japan has acted as its parent company since 2005.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine, click here.