-- Seven & i (TYO:3382), through its 7-Eleven unit, has unveiled a transformation strategy centered on elevating customer experience, according to a statement on Wednesday.
A key priority involves remodeling more than 7,000 existing stores while opening 1,300 new "New Standard Stores" by 2030.
Within the US network, Seven & i intends to accelerate franchising, converting 2,600 corporate-operated locations to franchises by 2030.
The plan further targets doubling private brand sales to roughly $2.6 billion by 2030, alongside fuel vertical integration aimed at unlocking $400 million in annual EBITDA uplift.
Separately, Nikkei reported on Thursday that Seven & i will close 645 underperforming 7-Eleven locations across the U.S. and Canada by February 2027, representing 5% of its North American footprint.
Although the company plans to open 205 new outlets in the current fiscal year, the net effect will leave its North American operations with 12,272 stores, a reduction of 440 locations, the report said.
Seven & i's American operator and subsidiary, 7-11 International, did not reply toqueries at press time.