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Seven & i Holdings has announced a huge investment in the growth of its convenience chain 7-Eleven: the Japanese company wants to add 1,300 locations in North America and 1,000 in its home country by 2030. The planned IPO of the American branch is on schedule.
After missed takeover bid
The ambitious plans follow the rejection of a takeover bid worth 47 billion dollars (43 billion euros) by Canada’s Alimentation Couche-Tard, who said there was insufficient constructive involvement from Tokyo. At the same time, Seven & i saw profits for its Japanese convenience stores drop 11 % in the first quarter of 2025, adding to the pressure to innovate.
With the planned investments, the retailer aims to respond to changing consumer needs: along with the expansion, the company plans to renovate existing stores and introduce new formats focused on speed and convenience. This should give the operating results a significant boost in time.
Accelerating global growth
Seven & i currently operates more than 85,000 stores in 19 countries, aiming to raise convenience store segment sales to 11.3 trillion yen (66 billion euros) by 2030. That is more than a trillion yen (6 billion euros) higher than last year.
CEO Stephen Dacus also confirmed the planned IPO of its North American operations (with the Speedway and Stripes brands in addition to 7-Eleven) to Reuters. That is scheduled for the second half of 2026 and is part of the strategy to accelerate globally.
