7-Eleven Takes Lead in Global Retail Food-Store Store Count
80 Years … 32,711 Stores and Counting
Dallas, TX, July 11, 2007 -7-Eleven, Inc. has long held the lead as the company with more convenience stores than any other, but now has overtaken quick-serve restaurants and food providers in the number of retail outlets worldwide.
With a net of 1,086 new stores opened year-to-date, 7-Eleven became the food retailer with the most units, beating McDonald's Corporation, which reported 31,062 as of March 31, 2007, and Subway Restaurants, with approximately 27,836. 7-Eleven operated, franchised and licensed 32,711 stores by the end of June. One year ago, 7-Eleven ranked second in units, but has since stepped up its domestic and overseas expansion.
While 7-Eleven is rapidly expanding with a market-concentration strategy, the chain only operates in 17 countries and one U.S. territory, giving it tremendous growth potential, especially when compared to McDonald's, which operates in 118, and Subway, with locations in 86 countries.
7-Eleven currently has stores in the United States, Canada, Mexico, Japan, Singapore, Taiwan, Thailand, China, Malaysia, South Korea, the Philippines, Australia, Norway, Sweden, Denmark, Turkey and Puerto Rico. Nearly 50 percent of 7-Eleven stores are located in the United States and Japan.
"The expansion of 7-Eleven indicates the growth potential for convenience worldwide," said 7-Eleven, Inc. President and CEO Joe DePinto. "As we celebrate our 80th anniversary as the world's leading convenience retailer this month, we look forward to satisfying customers and further strengthening our brand around the globe."
About 7 Eleven, Inc.
7 Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 7,200 7-Eleven® stores in North America. Globally, 7-Eleven operates, franchises or licenses more than 32,700 stores in 17 countries and U.S. territories. During 2006, 7-Eleven stores worldwide generated total sales of more than $44 billion.
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