US retailer 7-Eleven has confirmed plans to expand its store network in North America, expansion that may see a doubling of store numbers.
A spokesperson for 7 Eleven, owned by Japan’s Seven & I Holdings, said the geographic focus of its new store development will be on down-town urban locations. Among the markets high on its list for development are New York, San Francisco Bay, Chicago, Jacksonville and Miami, amongst others.
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As of the end of April, the retailer was operating 10,135 in North America, which it said includes stores in Canada, the US and Mexico.
Speaking to Bloomberg last week, Seven & I chairman Toshifumi Suzuki said the company could increase its store number to 20,000 or even 30,000. He did not provide a timeframe for the planned expansion.
The spokesperson told just-food the urban locations it has its eye on offer a mix of residential and daytime worker populations, high density housing, a mix of traffic generators such as theatres and clubs, and they allow operation around the clock.
7-Eleven is selling around 139 of its stores across the US, acquired through acquisitions, as a result of them being too small for use and too small for its format.
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By GlobalData
