TOKYO - Seven & i Holdings, opens new tab turned the humble 7-Eleven store into a popular food destination in Japan by serving up fresh sandwiches, rice balls and rows of boxed lunches, changing how millions of people eat. Five decades after it opened the first store in its home market, the company is on a mission to bring some...
For the last 24 years, Seven & i has been the highest-selling retailer in Japan.TOKYO - Seven & i Holdings, opens new tab turned the humble 7-Eleven store into a popular food destination in Japan by serving up fresh sandwiches, rice balls and rows of boxed lunches, changing how millions of people eat.
Analysts and industry experts believe Couche-Tard is interested in synergies in North America, where Seven & i has more than 15,000 convenience stores and gas stations, albeit far less profitable than the firm's Japanese stores or "conbini" which number some 21,000. At its Japanese conbini, Seven & i boasts a 27 per cent operating profit margin, according to LSEG data. But at its overseas convenience stores, the figure is just 3.5 per cent.Seeing fresh food as key to fixing low US profitability, Seven & i said this year it is introducing more than 200 food items in its US stores - some of them distinctly Japanese - a strategy that has been enthusiastically received by fans on social media and food-related websites.
Stores get multiple daily deliveries of sandwiches, onigiris, and pre-cooked meals aimed at consumers too busy to cook. They also stock fresh fruit, including bananas and individual packets of peeled and sliced apple, as well as bread and pastries. For the last 24 years, Seven & i has been the highest-selling retailer in Japan, he said, although it faces stiff competition from convenience store rivals such as Lawson and FamilyMart.
When Southland went bankrupt, the Japanese company took it over in 1991 and now controls more than 80,000 7-Eleven stores worldwide.
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