7-eleven convenience stores

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7-eleven 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.

Pensacola News Journal. Accessed: February 24, This downsizing also resulted in numerous metropolitan areas losing 7-Eleven stores to rival convenience store operators.

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.

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7-eleven 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.

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With the purchase in of Speedee Mart all already open 7—11 franchised convenience stores in California, the company entered the franchise business. Retrieved June 4, To reflect their extended hours of operation, the stores were renamed in as 7-Eleven: open from 7 a. In an effort to reduce plastic pollution the parent company of 7-Eleven stores in Thailand, CP All Public Company , announced their intent in November to reduce and eventually end the use of single-use plastic bags. The partnership was terminated in October , and the remaining 52 7-Eleven stores in Shell petrol stations were gradually rebranded back into Shell Select. Prachatai English. In February , 7-Eleven has signed a non-exclusive contract with Chevron Philippines to open its stores in selected Caltex gas stations nationwide. January 5, Major convenience stores in Europe. Wikiquote has quotations related to 7-Eleven. Archived from the original on July 15, Archived from the original on January 30, Then you can access your favorite statistics via the star in the header. In 7-Eleven in Denmark suffered a widespread ransomware attack that caused all stores to temporarily close. Archived from the original on December 5,

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January 3, The Japan Times. October 23, In more recent [ when? Following the example of other convenience stores in Japan, 7-Eleven has solar panels and LEDs installed in about 1, of its stores. Local News. Retrieved April 1, Turner Broadcasting System, Inc. The chain has partnered with Bankwest , placing an ATM in each of their stores nationwide. Major convenience stores in Oceania. February 28, A year later Ito resigned as president of Ito Yokado "to take responsibility for alleged payoffs to racketeers by company officials," according to NHK. The ideal entry-level account for individual users.