7-Eleven to open 1,300 stores in North America

Seven & i Holdings Co. Ltd. has launched what it calls the “transformation of 7-Eleven,” and it includes investments in stores and expansion.

The Japanese retail giant is embarking on the strategy following the failed takeover attempt by Canadian retailer Alimentation Couche-Tard Inc. In July, Couche-Tard, whose banners include Circle K, withdrew its $46 billion proposal to acquire Seven & i Holdings Co., citing a “lack of constructive engagement” by the Japanese company.

The new initiative includes the opening of 1,300, larger-format 7-Eleven convenience stores in North America (200 stores annually) and 1,000 stores in Japan through the year ending February 2031. (Seven & i Holdings Co. first announced its expansion plans it its fourth-quarter earnings presentation.)

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