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Seven & i Holdings confirms new store openings in Canada, U.S.

Plan to open some 500 or more new 7-Eleven stores by 2027 first raised in October earnings report.
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A 7-11 store in the city of Vancouver, Canada. 7-11 is a multinational convenience store chain.

Reports say that Seven & i Holdings will be moving ahead with plans to open more than 500 new 7-Eleven stores in North America, a plan the international convenience store operator raised during its quarterly results for the six-months ended on August 31, 2024.

At the time, Seven & i Holdings said that as part of its restructuring it would be looking at closing some 444 underperforming stores across North America network of 13,000 locations, of which 600 are in Canada.

Later in October, Joseph DePinto, chief executive officer of 7-Eleven Inc. in North America spoke about the company’s plans and direction and while no mention of these closures came up, Seven & i Holdings said it is planning to add to its 7-Eleven network in North America some 500-plus large-format, food-focused stores by the end of 2027. 

According to DePinto, these new stores would be based on a prototype store its called its ‘New Standard’ and would offer “a larger product assortment and expanded food and beverage offerings” along with a fresher look, along with new customer-friendly conveniences. “They offer more seating, self-checkout, 7Now delivery, and electric vehicle charging.”

One such ‘New Standard’ store is in Allen, Texas, part of Collin County and a northern suburb in the Dallas–Fort Worth metroplex. 

READ:  7-Eleven Canada opens first licensed restaurant in Winnipeg

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MSN is now reporting that the plan first outlined by Seven & i Holdings is moving forward and the first 125 stores under this new format will open by the end of next year 2025.

All this comes in the ongoing saga of Coche-Tard’s bid to take on the 7-Eleven convenience chain. In September, Couche-Tard made a $39 billion offer for Seven & I Holdings, which the company rejected. Insiders at the time said the offer was rejected as it undervalued the company.

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