Japan's Convenience Stores Can Span the Globe, 7-Eleven CEO Says [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
The chief executive officer of Japanese retailing giant Seven & i Holdings Co. believes that the formula behind the success of 7-Eleven — the Japanese version, that is — can be exported across the globe, potentially through acquisitions. “If there's an opportunity, we'd proactively consider M&A,” Isaka said. Although American in origin, the convenience store concept turned out to be transformational for the Japanese company, which fully took over the chain in 2005 in the US and embraced it as part of its name. Over the years, 7-Eleven evolved into a franchise that's become part of the fabric of life in the island nation, offering affordable food, beverages and daily goods, as well as municipal and delivery services. “We are in an industry that must continue to adapt to change in order to grow,” Isaka, 66, said in an interview with Bloomberg TV. With an aging population at home, Seven & i has been seeking opportunities outside of Japan. While pushing to open 7-Eleven outlets acr
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- Japan's 7-Eleven convenience chain targets aggressive global growth [Reuters]Reuters
- Japan's 7-Eleven convenience chain targets aggressive global growth [Yahoo! Finance]Yahoo! Finance
- ValueAct Announces Support for the Substantial Changes in Strategy and Board Leadership Announced by Seven & i [Yahoo! Finance]Yahoo! Finance
- Japan's Seven & i says it is considering sale of superstore operations [Reuters]Reuters