A CONVENIENCE store giant has ramped up its plans to open 1,300 new locations by 2030.
On top of this, shoppers will also see a new store design, in a bold and ambitious move from the retailer.
7-Eleven’s plans come just months after it announced its intention to open 600 new stores over the next four years, which The US Sun reported on at the time.
Between 2025 and 2027, 500 of those will go up.
The next three years have already seen an increase in the amount of planned new locations, too, going from 500 to 550, per Restaurant Dive.
The majority of these 1,300 sites will set the 7-Eleven standard going forward, and will feature a host of improvements.
The updated design will boast a larger product assortment and expanded food and beverage offerings.
7-Eleven President Stan Reynolds said: “These food-forward stores are resonating with our customers and driving [average sales per store day] about 18% higher than our system average.
“We’ll continue learning from these stores and refine our new store standard to meet the needs of consumers both now and in the future.”
It is unclear if the new stores will add tom the overall count, as 7-Eleven also plans to close some underperforming locations.
The goal of 1,300 represents about 10% of the 12,963 stores 7-Eleven had in North America in February.
It is also more than all but for of its convenience store competitors have in their networks, according to the NACS top 100.
QUICKER SERVICE
7-Eleven is also moving into the Quick Service Restaurant (QSR) space.
This means the stores preparing and serving meals and hot food items that customers can take away from stores.
Other QSRs include chains like McDonald’s, Burger King or Subway.
The 1,300 locations plan will also double the amount of QSRs in 7-Eleven stores.
At the end of 2024, 7-Eleven had 1,080 stores with QSRs.
The retailer’s QSR network includes Raise the Roost Chicken & Biscuits, Laredo Taco Company and Speedy Café.
US braces for '45,000 store closures'
Some 45,000 bricks-and-mortar stores could close in the next five years, experts have warned.
Several major retailers have announced store closures or gone out of business altogether in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
While, other well-known retailers like Tuesday Morning and Mitchell Gold + Bob Williams filed for bankruptcy in 2023.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
The most affected retailers have been clothing, consumer electronics, sporting goods, hobby, book, music, and home furnishing stores since the start of 2019.
UBS has predicted the total number of retail stores will drop by 45k from 958k to 913k.
Despite that, the report says that certain stores should thrive while others decline.
It said retailers such as Walmart, Costco, Home Depot, and Target, could be among the winners.
Right now, 7-Eleven expects to open 50 more this year, and is is unknown if these new QSRs will only be built into the new locations.
This new design is proving to be the way forward for convenience stores like 7-Eleven.
Stores with QSRs see an average of 57% more traffic and 36% higher average sales per store day.
And, 7-Eleven stores that use the new standard design are expected to see a 45% increase in sales per day once the sites have matured.
Particularly, it is thought that the sale of fresh food and private label goods will more than double.
Sales of proprietary beverages, meaning beverages owned by a company or individual like Coca-Cola, should also rise by more than 60%.
SOPA Images/LightRocket via GettThe majority of these 1,300 sites will set the 7-Eleven standard going forward, and will feature a host of improvements[/caption] Read More Details
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