7-ELEVEN Japan is a subsidiary of Seven & I Holdings Co., Ltd., one of the largest convenience store chains in the world. The company has over 50,000 stores in Japan, and also operates in other countries such as China, Thailand, and Canada. 7-ELEVEN Japan plans to bring its successful model to the US, where it will open stores in major cities such as Los Angeles and San Francisco.
The company plans to invest $100 million in the US expansion, and it has already secured leases for 50 store locations. 7-ELEVEN Japan is targeting a 5% market share within five years, which would equate to around 1,000 stores. This is a ambitious goal, but it’s not out of the realm of possibility given the company’s experience and resources.
The expansion of 7-ELEVEN Japan into the US market is good news for consumers, who will have more choice when it comes to convenience stores. The company plans to offer lower prices than its competitors, which should benefit consumers. In addition, 7-ELEVEN Japan’s stores will be open 24 hours a day, seven days a week, which is convenient for busy consumers.
The expansion of 7-ELEVEN Japan into the US market could also be good news for small business owners. The company’s presence in the market may create more awareness of the convenience store industry, which could lead to more customers for small businesses. In addition, 7-ELEVEN Japan’s competition may force other convenience store chains to lower their prices, which would also benefit small businesses.