Investing
What to Expect as 7-Eleven U.S. Makes Japanese-Inspired Changes
7-Eleven in Japan is known for high-quality fresh food, while its American counterpart is more typically associated with gas stations, Slurpees, hot dogs and pizza. But later this year, the world’s largest convenience store chain, with more than 13,000 locations in North America and over 83,000 worldwide, plans to introduce Japanese-inspired menu offerings in the U.S.
Related: Considering franchise ownership? Get started now to find your personalized list of franchises that match your lifestyle, interests and budget.
7-Eleven, which ranked #25 in the 2024 Franchise 500 Ranking, has been owned by Japan’s Seven & I Holdings since 2005. The franchise’s Japanese 7-Eleven stores excel with data-driven operations, offering fresh food tailored to local tastes. This differs from U.S. stores, which have historically made most of their money on gas and cigarette sales — revenues that are declining, per the Wall Street Journal.
Now, the focus is shifting more towards food: The company’s goal is to increase its food sales from 24% to one-third of total sales, according to the WSJ.
Related: Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New ‘Hall of Fame’
To do so, 7-Eleven is upgrading its U.S. commissaries — 17 “hub” type locations around the country that make food for all its U.S. stores — and partnering with Japanese suppliers to offer a broader range of fresh food options. Although you’ll still be able to get a Big Gulp at your local 7-Eleven, you’ll also be able to pick up some fresh sushi — or a new type of snack.
“Our team draws inspiration from around the world to introduce new items like Mangonada donuts with Tajin, barbecue pork sliders, chicken curry bowls and everything breakfast sandwiches,” a brand spokesperson told Today.
The company also plans to leverage data and targeted advertising to bring the Japanese convenience stores’ fresh, high-quality vibe to the American market.
Related: Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New ‘Hall of Fame’
7-Eleven won’t be the first large U.S.-founded corporation to inject Japanese thought into its operations. The philosophy of kaizen, meaning “continuous improvement,” combines the Japanese words “kai” (change) and “zen” (good) and was popularized in the West by Masaaki Imai’s 1986 book Kaizen: The Key to Japan’s Competitive Success. Trader Joe’s began practicing kaizen in 2007, when then-CEO John Bane, who retired last year after 22 years running the specialty grocer, adopted it to drive the company’s expansion.
Read More: Food & Wine
Read the full article here
-
Passive Income5 days ago
The One Microsoft Design Tool Business Owners Shouldn’t Miss
-
Side Hustles3 days ago
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Side Hustles6 days ago
Holiday Savings: Get a MacBook Air for $250
-
Investing4 days ago
This Founder Turned a Hangover Cure into Millions
-
Investing5 days ago
Your Firsthand Experiences Shape the Way You Run Your Business — Here’s How Mine Shaped Me
-
Make Money6 days ago
7 Common Retirement Planning Mistakes and How to Avoid Them
-
Side Hustles3 days ago
How to Create a Unique Value Proposition (With Tips & Examples)
-
Investing6 days ago
Want to Be a Better Coach? Focus on This One Overlooked Skill