First 125 locations expected to open next year
The parent company of 7-Eleven is planning to open 500 new convenience stores throughout the United States and Canada over the next two years as it looks to boost sales.
The move by Japan-based Seven & I Holdings is part of the company’s wider strategy to grow to 100,000 stores in 30 countries and regions by 2030, Reuters reported. The plans come as an executive and large shareholder of Seven & I Holdings is leading an offer to take the company private amid a competing bid from Laval, Quebec-based Alimentation Couche-Tard, the owner of the rival convenience store chain Circle K.
The first 125 7-Eleven locations in North America are expected to open next year and feature the company’s new format, which focuses on in-store restaurants and premium items, according to Nation’s Restaurant News.