Franchise News - Article
26.06.2009
7-Eleven, Inc. plans aggressive expansion
Last month, 7-Eleven, Inc. announced that it was planning to grow its store base to expand its convenience offering in the U.S. and Canada. According to the information provided, whilst many retailers are contracting or limiting expansion, 7-Eleven is aggressively growing and expects to add more than 200 new stores this year. Plans call for the company to accelerate store development over the next several years through organic growth, acquisitions and its Business Conversion Program.
7-Eleven’s latest growth vehicle is its Business Conversion Program, where the company looks for existing independent retail store operators who want to convert to the national chain and become a part of 7-Eleven’s franchise system.
Dan Porter, 7-Eleven’s vice president of real estate, commented, “7-Eleven is looking to partner with property owners on new site development to determine how both parties can succeed for the long term and survive or even thrive in these difficult market conditions. The company is investment grade and, therefore, an attractive tenant for landlords.”
Based in Dallas, Texas, 7-Eleven operates, franchises or licenses approximately 7,800 7-Eleven® stores in North America. Globally, 7-Eleven operates, franchises or licenses more than 36,100 stores in 15 countries. The company opened 170 stores in 2008. (kbp)
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