Five decades after it opened the first store in its home market, Seven & i Holdings is on a mission to bring some of its most popular items to the U.S.-a strategy enthusiasts don't want to see endangered by a takeover bid from Canada's Alimentation Couche-Tard.
'The food quality is much higher, and more unique' at Japanese 7-Eleven stores than in the U.S., said New York-based food influencer Jeremy Jacobowitz, who has more than 500,000 followers on Instagram.'It makes me nervous that they will mess with what I deem perfection,' he said about a possible buyout.
According to LSEG data, Seven & i boasts a 27% operating profit margin in Japan, compared to just 3.5% at its overseas convenience stores, highlighting the significant profitability gap.
Seven & i said this year that seeing fresh food is key to fixing low U.S. profitability, as it introduced more than 200 food items, receiving enthusiastic responses from fans on social media.
Collection
[
|
...
]