TOKYO — 7-Eleven Inc. parent company Seven & i Holdings Co. plans to expand its North American convenience store holdings dramatically via acquisitions.
According to theWall Street Journal, the Tokyo-based company plans to have 10,000 convenience stores in North America by its fiscal 2019 year, compared to 8,900 stores it had as of June 30.
"We will speed up expansion in North America by accelerating acquisitions," Ryuchi Isaka, president of Seven & i, said at a news conference.
Inside the store, North American customers will find changes, Isaka added. This includes importing successful ideas from Japan, such as hot snacks and fresh sandwiches, the news outlet reported.
As CSNews Online reported, 7-Eleven has already has begun its North American expansion, acquiring 79 former CST Brands Inc. locations in California and Wyoming.
According to the news source, Seven & i also plans to divest itself of some underperforming department store outlets in Japan.