A Peek into Japan's Convenience Stores

Re:A Peek into Japan's Convenience Stores by Dalewyn on Sunday June 11, 2023 @03:01AM (#36278935)

Incidentally, Seven Eleven is originally an American convenience store chain. They got bought out by Itou Youkado, a Japanese supermarket chain, when Seven Eleven went bankrupt.

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Re:A Peek into Japan's Convenience Stores by bmitc on Sunday June 11, 2023 @03:29AM (#36279091)

Big Gulps huh? It's always interesting to see just how awesome 7-11s are in other countries and why those improvements aren't brought back to the U.S. ones.

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Re:A Peek into Japan's Convenience Stores by kizunajp on Sunday June 11, 2023 @03:08AM (#36278978)

The history is very interesting here. As noted in the article, Ito Yokado's chairman set up a new company under Toshifumi Suzuki to create the Japanese 7-Eleven.

Southland Corporation, which owned 7-Eleven in America initially refused to even speak with them. Eventually it all worked out and 7-Eleven became a hit in Japan, while the fortunes of the company in America did not fare so well.

In 1991, when Southland faced bankruptcy, Ito Yokado invested $430mn to take over the company and renamed it to 7-Eleven Inc. How the tables turn..

There is a lot of detail on Wikipedia if you find this sort of thing interesting: https://en.wikipedia.org/wiki/7-Eleven#History

Edit: 430bn → 430mn

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Re:A Peek into Japan's Convenience Stores by fakedang on Sunday June 11, 2023 @03:33AM (#36279116)

$430 million?

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Re:A Peek into Japan's Convenience Stores by kizunajp on Sunday June 11, 2023 @03:36AM (#36279128)

Thank you for catching that. Edited.

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