Retail giant Seven & i will expand its store count by 1,000 in Japan
Seven & i Holdings Co., the parent company of the popular convenience store chain 7-Eleven, has announced ambitious plans for expansion over the next decade. The company aims to open approximately 2,300 new stores globally by 2030, with a focus on Japan and North America.
In Japan, Seven & i Holdings Co. plans to increase the number of its convenience stores by 1,000. Meanwhile, in North America, the company targets opening 1,300 new stores, with a significant emphasis on foodservice and new 'New Standard' formats. These stores are designed to increase sales and customer engagement, delivering 45% higher sales than legacy stores.
The company's strategy includes investing heavily in modernising existing stores and launching new formats. In the U.S., 7-Eleven is accelerating from opening about 125 new stores per year to opening over 250 annually, more than doubling its presence in five years.
Financially, Seven & i Holdings Co. expects revenue from its convenience store segment to surpass 11.3 trillion yen (approximately $76.5 billion) by fiscal 2030, reflecting an increase of over 1 trillion yen from 2024. The company's operating profit is expected to reach 3.4 trillion yen in fiscal 2030, marking a 26% increase from six years prior.
Seven & i Holdings Co. also plans an Initial Public Offering (IPO) of its North American convenience operations, including the 7-Eleven, Speedway, and Stripes brands, targeted for late 2026, as part of its global acceleration strategy.
The company's expansion efforts respond to competitive pressures and a recent decline in profitability in Japan, as well as the withdrawal of a $47 billion takeover bid by Alimentation Couche-Tard earlier in 2025.
Seven & i Holdings Co. aims to transform itself into a company focusing on the convenience store business. The company has allocated up to 3.2 trillion yen in planned investment through fiscal 2030 for mergers and acquisitions to support the convenience store business, as well as for store refurbishment.
In addition to store expansion, Seven & i Holdings Co. targets more than 10 times growth in annual sales from its domestic delivery service through convenience stores by fiscal 2030. The target annual sales for the domestic delivery service through convenience stores is 120 billion by fiscal 2030.
Stephen Dacus, the president and CEO of Seven & i Holdings Co., effective May 2021, will lead the company in its expansion efforts. However, specific strategies for mergers and acquisitions, store refurbishments, and the growth strategy for the expansion of stores abroad have not been disclosed.
The company did not provide information about the current number of stores or the current sales figures, either domestically or abroad, or about the current financial status or performance of Seven & i Holdings Co. beyond the expected operating profit in fiscal 2030.
- Seven & i Holdings Co. intends to focus on the convenience store business, investing up to 3.2 trillion yen for mergers and acquisitions, store refurbishment, and expansion.
- In North America, the company plans to operate more than 1,300 new stores, with a significant emphasis on foodservice and new 'New Standard' formats.
- Seven & i Holdings Co.'s aim to increase sales and customer engagement culminates in 45% higher sales from the new store formats compared to legacy stores.
