|Type||Public (NYSE: SE)|
|Founded||Oak Cliff, Texas (1927)|
|Key people|| Toshifumi Suzuki, Chairman|
James W. Keyes, President/CEO
Gary R. Rose, EVP/COO
|Products|| Slurpee® Beverage|
Big Gulp® Beverage Cup
|Revenue||$10.882 billion USD (2003)|
7-Eleven is an international conglomerate which operates the largest chain of convenience stores in twenty countries including: the United States, Canada, Norway, Sweden, Denmark, South Korea, Japan, Australia, Republic of China (Taiwan), People's Republic of China, Hong Kong, Malaysia, Mexico, Thailand, Singapore, and South Africa.
The company was founded in Oak Cliff, Texas, a suburb of Dallas, in 1927, and started to use the 7-Eleven name in 1946; the previous branding of these stores was as "Speedee-Mart". The majority of today's 7-Eleven stores are operated in Japan since the Japanese-based company Ito-Yokado purchased the majority interest from Southland Corporation in 1991. Also in 1991, Southland Corporation changed its name to 7-Eleven, Inc.
Initially, these stores used to be open from 7 am to 11 pm, hence the name; however, most 7-Eleven stores are now open twenty-four hours per day, seven days per week. 7-Eleven's most popular private label products include: Slurpees, a partially frozen slurry in a number of flavors, and the Big Gulp super size soft drink in 32, 44, 52, and 64 (American) fluid ounce sizes.
In certain U.S. states, such as California, 7-Eleven is the only large stand-alone convenience store chain in operation, and is thus synonymous with the term "convenience store." (See genericized trademark.) Residents of such states are usually surprised by the diversity of convenience store chains in other parts of the world, or even other U.S. states.
Additionally, in the states where 7-Eleven stores sell gasoline, a common reaction from those who live in other states is, "7-Eleven's sell gasoline?" The response from those in the area where 7-Eleven's do sell petroleum is "There are 7-Eleven's that don't sell gasoline?" The mutual recognition and confusion is a testament to the ubiquity of 7-Eleven stores.
In Japan, 7-Eleven offers not only food, drinks, and magazines, but also video games and consoles, music CDs, and DVDs, as well as seasonal items like Christmas cakes. Slurpees abd Big Gulp super size soft drinks are not sold in Japan. The feel and look of the store is somewhat different from that of the U.S. Food sold include onigiri, udon, oden, hot foods like corn dogs, large Chinese meat buns, sandwiches with the crusts cut off, and bento.
7-Elevens in Korea and China are very similar to those found in Japan, and often sell Japanese food items as well.