Good afternoon ladies and gentlemen
To day I will talk about 7-eleven
7-eleven was founded in 1927 by J.C.Thomson
7-eleven first opened in texas usa and sold ice
the company eventually began offering milk, bread and eggs on Sundays and evenings when grocery stores were closed. This new business idea produced satisfied customers and increased sales, spawning the precursor of the modern convenience retail concept.
Operating in this period with exceptionally high interest costs, the Company, now private, encountered financial difficulties with the high debt load, and as part of the re-structuring, sold various divisions, such as ice division and Chief Auto Parts - an auto parts franchise, which was acquired by Southland in 1979 to provide the convenience of a 7-Eleven store, was divested in 1990 to General Electric and later purchased by AutoZone. In 1998, the company was rescued in bankruptcy by the Japanese corporation Ito-Yokado, its largest franchisee. This downsizing also resulted in numerous metropolitan areas losing 7-Eleven stores to rival convenience store operators
Last part
Today 7-eleven operates in 15 countries
Last year 2013 7-eleven net in come was $220 million
thank you very much