Seven & i Holdings news

14 August 2019
7-Eleven in Japan will discontinue its 7pay cashless payment service next month. Rebuilding trust essential A security breach of the payment service after the launch on July 1 exposed user data. The retailer has decided to discontinue the service at the end of September. Following this incident, we expect new initiatives, particularly those that use technology, to be rolled-out more cautiou...
23 July 2019
Rapid launch of convenience chain into Mumbai. Looking to tap into potential gaps in the grocery retail sector Earlier in March, we reported on the master franchise agreement between the Future Group and 7-Eleven, paving the way for 7-Eleven stores to begin operations in India. This was quickly followed up with the Group’s announcement of the 7-Eleven India CEO a month lat...
22 July 2019
Philippine Seven Corp (PSC), the exclusive local licensee of 7-Eleven convenient stores, plans to open 300 new stores in 2019. Will hit 3,000 stores by end of 2019 The retailer continues to expand its franchise operations. The 300 new store openings will bring the total store count to 3,000 by end of 2019, on track with its plan announced in 2018 . A third of these 300 stores will be i...
11 July 2019
Seven-Eleven Japan has opened 14 stores in Okinawa today (11 July 2019), the only Japanese prefecture where the retailer's presence is missing. Increasing competition in Okinawa… The 14 new stores that have opened today are mainly concentrated in the southern part of the prefecture's main Okinawa Island, where a large proportion of residents are based. Seven-Eleven Japan plans to open as...
11 July 2019
Japan's four largest retailers, Seven & i Holdings, Aeon, FamilyMart and Lawson, have posted their results for the first quarter. Seven & i Holdings: total sales up 1.5% Seven & i recorded a 1.5% increase in total group sales to JPY2,894.8bn (US$26.6bn), with operating profit rising 4.6% to JPY90.3bn (US$832.6m) year-on-year (yoy) for the three months ending 31 May.  Domestic convenience...
01 July 2019
Seven-Eleven Japan has launched its own smartphone payment service today (July 1). Convenience for shoppers The new 7pay service allows users to make payments by presenting barcodes displayed on their smartphones at cashier counters. It will offer shoppers greater convenience, while allow 7-Eleven to collect data for product development. Strengthening its digital proposition For its d...
28 June 2019
7-Eleven in Japan has outlined plans to wrap the nearly 2.3bn rice balls it sells a year in packaging partially composed of plant-based plastics Reducing carbon footprint The initiative will decrease 7-Eleven plastic usage by 260 tons and its carbon footprint by 403 tons per year. This is part of a broader environmental plan Seven & i Holdings has announced, which also includes a goal to el...
30 May 2019
Sales for the first quarter grew by 9% versus same period last year. A renewed focus on shopper needs 7-Eleven Malaysia reported sales revenues of MYR583.73m at the end of the first quarter of 2019, a 9% increase in previous year’s sales. This growth was attributed to positive response to consumer promotions, opening of new stores as well as an increased basket size per shopper. 7-Eleven...
25 April 2019
The three leading convenience store chains in Japan are facing increasing challenges to hiring staff for their stores. Labour shortages driven by the country's ageing population is deepening and retailers opening new stores require new workers. Discounts and benefits for workers The current approach for many convenience store operators is to incentivise workers with benefits and discounts. ...
17 April 2019
We round up the latest trading updates and news for Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, Lawson and AEON. Seven & i posts 12.5% increase in revenue Seven & i Holdings has released a strong set of annual results (ending 28 February 2019), posting a 12.5% increase in operating revenue to JPY6,791.2bn (US$60.7bn), with operating income up 5.1% to JPY411.5bn (US$3...