TOKYO — Nearly three weeks after Alimentation Couche-Tard Inc. (ACT) withdrew its proposal to acquire Seven & i Holdings Co. Ltd., 7-Eleven Inc.‘s parent company is reaffirming its commitment to its standalone value creation plan.
In a strategy briefing held on Aug. 6 in Tokyo, CEO Stephen Dacus revealed Seven & i plans to open 1,300 new convenience stores in North America and around 1,000 locations in Japan through the year ending February 2030, as Kyodo News reported.
For fiscal year 2024, Seven & i operated nearly 26,000 stores in Japan, while subsidiary 7-Eleven Inc. operated, franchised and/or licensed more than 13,000 stores in the United States and Canada.
The company expects the expansion would bolster revenue in fiscal 2030 to 11.3 trillion yen (roughly $76.5 billion), more than 1 trillion yen more than fiscal 2024.
“It is extremely important that we undergo changes now,” said Dacus, who became the company’s first foreign CEO in May. “We will change the way we run our business from the very beginning.”
https://csnews.com/7-eleven-parent-plans-1300-store-openings-north-america-2030