7-Eleven marks milestone: its 71,100th store
7-Eleven has hit a new milestone with the opening of its 71,100th store, located in Seoul, the capital of South Korea.
“7-Eleven’s iconic orange, green and red stripes are easily recognised in 17 countries around the world,” said 7-Eleven president and CEO Joe DePinto.
“The company got its start because an entrepreneurial ice-dock employee saw his customers had a need and came up with a creative way to serve them. A lot has changed in how, when and where 7-Eleven does business. But one thing that hasn’t changed is our commitment to put customers at the forefront of all we do.”
The brand opens a new store somewhere in the world roughly every 3.5 hours. Early last month, the first store in Hunan, China broke the international opening-day sales record for the company brand, reporting US$70,310 of turnover.
With the new 7-Eleven milestone passing, the growth shows no signs of slowing. Master franchisees for India and Cambodia are expected to be taken up soon. In Asia, 7-Eleven already has networks in China, Hong Kong, Singapore, Thailand, Malaysia, Japan, South Korea and Vietnam.