7-Eleven Doubles Down, Plans Massive Expansion
If there wasn't one already, there may be a 7-Eleven store coming near you.
7-Eleven believes it will soon be able to double its average daily sales per store. The result? The company is doubling its stores.
7-Eleven President Kazuki Furuya has announced a plan to more than double the current amount of stores it owns in the United States to over 20,000. There are currently 8,500 7-Eleven stores in the United States.
The reason for the increased confidence? 7-Eleven is seeing more traffic from middle-income consumers and no longer solely appeals to lower-income individuals. An increase in the quality of the goods has already helped the company add to the convenience factor that is driving more traffic to the chain.
7-Eleven is owned by Japanese retail group SEVEN & I HOLDINGS UNSP ADR EACH REPR 0.5 ORD (OTC: SVNDY).
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