Five 7-Eleven stores will open in Brooklyn in 2012 and eight will open in 2013, according to a company spokesperson, who also said this is part of a plan for 30 new stores — doubling its 20-store presence — this year and 35 next year citywide.
After shattering both its international and domestic store growth records last year, 7-Eleven Inc. is in line to have an even bigger year in 2012, according to Joe DePinto, president and CEO.
“We added more than 4,600 stores worldwide in 2011 and plan to continue the company’s accelerated growth,” he said. Some 600 additional stores were built, acquired or transitioned from another business to the 7-Eleven brand in the U.S. and Canada alone during 2011. This year, 7-Eleven’s goal is to exceed that number by adding at least 630 new stores to its U.S. and Canada roster by year’s end.
Since 2003, 7-Eleven has almost doubled its global store count, from 25,000 to more than 46,000. Today, a new 7-Eleven store opens somewhere in the world approximately every two hours.
Added DePinto, “7-Eleven’s U.S. growth strategy includes building greater market presence and adding quality locations in metropolitan areas where the company already has stores as a means to increase efficiencies and leverage the company’s scale and daily-delivery infrastructure.
“The financial strength of 7-Eleven has enabled us to grow aggressively, even in what has been a challenging economic environment for many companies in the past four years.”
In the world of real estate and development, it has been a buyer’s market, according to Dan Porter, real estate vice president.
“We have been in the enviable position to capitalize on property and space availability plus 7-Eleven’s strong credit rating,” he said.
Approximately 56 percent of 7-Eleven’s growth in the U.S. last year was the result of several acquisitions that increased store density in New York, Florida, Illinois, Colorado and the Northwest.
Compiled by Linda Collins