PayPal Rejects $53 Billion Stripe-Advent Takeover Offer as Too Low: Report 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
GameStop Raises eBay Stake to 9.8% as Ryan Cohen Pushes $56 Billion Takeover Bid 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Airbus Signs Cloud Deal With Scaleway to Power Secure AI and Defense Applications 
NTSB Leads Investigation Into Ryanair Boeing 737 Engine Failure Over Greece 
Sodexo Unveils Shift & Grow 2030 Strategy, Targets Over 5% Revenue Growth by Fiscal 2030 
Moonshot Launches Kimi K3, China's Largest Open-Source AI Model 
Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom 
Stripe, Advent Offer Over $53 Billion to Acquire PayPal in Major Fintech Deal 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
7-Eleven, Inc., an American convenience store chain owned by Japan's Seven & I Holdings but headquartered in Irving, Texas, revealed it aims to expand its brand further worldwide. For this, it will implement its aggressive growth plan, which will mainly involve food and beverage (F&B) programs.
Expansion and Restructuring to Ramp Up Global Growth
According to Reuters, Seven & I Holdings said on Tuesday, April 23, that it would like to see massive growth for its 7-Eleven brand of convenience stores worldwide. As part of this venture, the company will speed up its entry into key markets such as the Middle East, Europe, Africa, and Latin America.
The Japanese retail giant's target is to increase the global number of 7-Eleven stores by 18% to around 100,000 by 2030. It will also work on bringing the convenience store brand to 30 more countries and regions.
The growth plan is part of 7-Eleven's large-scale restructuring, which involves selling underperforming grocery stores. The company is also pursuing this due to pressure from activist investors.
Putting More Focus on Food and Beverage
At any rate, 7-Eleven also said it will expand its food and beverage program this year. The chain wants to increase its operating income by $113 million; to achieve this, it will focus on fresh food and expanding its private brands.
NACS reported that 7-Eleven has a food and beverage modernization program, including self-serve roller grills and specialty hot beverages, which are currently being implemented in 500 stores. The company will roll out these new programs to 2,500 branches in 2024.
"We expect to see a challenging start to 2024," Joe DePinto, president and chief executive officer of 7-Eleven, said during the recent fourth-quarter earnings call. "However, we have aggressive plans in place, and we will accelerate our investments expanding our food and beverage modernization platforms in our stores, refreshing our stores' exteriors and interiors, and enhancing overall operational execution."
Photo by: Duy Nguyen/Unsplash
