Retail giant Seven & i Holdings plans to open an additional 1,000 stores in Japan.
In a recent press conference, Stephen Dacus, the current president and CEO of Seven & i Holdings Co., announced the company's ambitious growth plans for its convenience store business. The strategy, aimed at significantly increasing sales and staying competitive in both domestic and international markets, involves a series of expansions, store modernization, and strengthening fresh food offerings.
The Japanese conglomerate plans to open 1,000 new stores in Japan and 1,300 larger-format 7-Eleven stores in North America by fiscal year 2030 (ending February 2031), with about 200 new stores annually in North America. This expansion will contribute to the company's global store count, which already exceeds 85,000, including over 9,300 in the U.S.
Seven & i Holdings Co. aims to address negative consumer perceptions about fresh food by investing in stores and equipment to create a distinctive food offering. The company plans to add around 1,100 restaurants by 2030 to cater to this new focus.
Financially, Seven & i expects these expansions to drive its convenience store segment's revenue to surpass 11.3 trillion yen (~$77.9 billion) by fiscal 2030, representing an increase of over 1 trillion yen compared to fiscal 2024. The company also aims to reach an operating profit of 3.4 trillion yen in fiscal 2030, a 26% increase from six years prior.
In addition to these plans, Seven & i Holdings Co. also intends to take its North American business public in the second half of 2026 to unlock capital, accelerate store rollouts, and allow for future mergers and acquisitions. This move reinforces the company's commitment to its growth and expansion strategy.
This strategy reflects Seven & i Holdings Co.'s effort to revitalize its convenience store business after a failed acquisition attempt and recent profit declines in its convenience segment. The company is transforming into a company focusing on the convenience store business, with the goal of significantly increasing sales through this division.
Moreover, Seven & i Holdings Co.'s growth strategy involves expanding its delivery service through convenience stores. The company aims to increase annual sales from its domestic delivery service by more than 10 times to 120 billion yen by fiscal 2030.
With these ambitious plans, Seven & i Holdings Co. is aiming to achieve its growth targets by fiscal 2030, positioning itself as a leader in the global convenience store industry.
- The company's growth plan for its convenience store business includes opening 1,000 new stores in Japan and 1,300 larger-format 7-Eleven stores in North America by 2030, with about 200 new stores annually in North America, signifying a significant expansion in the retail industry.
- Seven & i Holdings Co. plans to invest in stores and equipment to create a distinctive food offering, aiming to add around 1,100 restaurants to its business, demonstrating a strong commitment to the photo (food) industry.
- The company's growth strategy involves expanding its delivery service through convenience stores and aims to increase annual sales from its domestic delivery service by more than 10 times to 120 billion yen by 2030, signifying an ambitious move in the finance sector.
