Business / Corporate Aug 1, 2019
Seven & I to scrap 7pay smartphone payment service in Japan after users hacked
by Kazuaki Nagata
The Tokyo-based retail giant and operator of 7-Eleven convenience stores said it will end the service on Sept. 30.
Business / Corporate Jul 31, 2019
Seven & I Holdings resets all 7pay passwords after ¥38.6 million hack
Seven & I Holdings Co. said Tuesday that it has reset passwords for all of the roughly 16.5 million registered 7pay IDs, which are needed to use its smartphone payment service, following a recent security breach of the service. Users will need to register new ...
Business / Corporate Jul 12, 2019
Japan's Seven Pay ordered to report on illegal access to mobile payment system
The Financial Services Agency has ordered Seven Pay Co. to report on cases of unauthorized access to 7pay, its hacked mobile payment service, sources said Friday. The FSA ordered the Seven & I Holdings Co. unit to look into how the intrusions occurred, the customer ...
Business / Corporate Jul 4, 2019
Users of 7-Eleven's mobile payment service lose total of ¥55 million after 900 accounts hacked
Tsuyoshi Kobayashi, president of Seven Pay Co., said the company will compensate users for the losses caused by fraudulent access.
Business Mar 2, 2019
Seven-Eleven Japan to test shorter operating hours at 10 corporate-run stores
Seven-Eleven Japan Co. will test shorter operating hours at 10 of its corporate-run convenience stores across the country from mid-March. The chain said Friday it will conduct such a test for the first time, as frustration builds among some franchisees over its policy of keeping ...
Business / Corporate Jan 7, 2019
Seven Bank to use facial recognition to let people open accounts at ATMs across Japan
Seven Bank will equip its ATMs with facial recognition technology, possibly starting this fall, as a way to identify customers and let people open bank accounts on the spot, sources said Monday. The new ATM operated by Seven Bank, a unit of retailer Seven & ...
Business / Corporate Dec 2, 2018
Seven-Eleven Japan asks all Tokyo stores to get rid of ashtray receptacles
Leading convenience store chain Seven-Eleven Japan Co. has asked franchise outlets in Tokyo to remove ashtray receptacles from the store premises, it was learned Sunday. Seven-Eleven Japan, a unit of retail giant Seven & i Holdings Co., will decide whether to take the step nationwide ...
Business / Corporate | ANALYSIS Jul 31, 2018
Walmart may be on the cusp of making its final checkout from the Japanese retail market
by Cory Baird
With speculation rife that Walmart Inc. is seeking to offload Seiyu, its Japanese subsidiary, the U.S. retail behemoth's possible failure may be interpreted as the result of this country's ultracompetitive retail market. After all, other global supermarket operators, such as Britain's Tesco PLC and France's ...
Business / Corporate Mar 22, 2018
Retail giant Seven & I Holdings Co. welcomed 1,071 new recruits at a ceremony Thursday for those entering its 21 units including Seven-Eleven Japan Co. and department store chain Sogo & Seibu Co. "All industries are experiencing revolutionary changes with accelerated digital technology innovations. I ...
Business / Corporate Oct 12, 2017
As domestic market contracts, Uniqlo and 7-Eleven looks to make profits overseas
by Lisa Du
Stagnant spending and soft wage growth in Japan are forcing two of Asia's biggest retailers — Fast Retailing Co. and Seven & i Holdings Co. — to court overseas consumers to drive long-term growth. Fast Retailing, operator of the Uniqlo chain, and convenience-store giant Seven ...
National Oct 1, 2017
Seven & i Holdings Co. has started donating unexpired food leftover at its Ito-Yokado supermarkets in Tokyo to needy families. According to Seven & I, it plans to expand the donations to more regions to reduce food waste. Poverty is a serious issue with the relative ...
Business / Corporate Apr 6, 2017
Seven & I Holdings inks deal with Sunoco to expand U.S. market share
Seven & I Holdings Co., the world's largest convenience store operator, agreed to acquire Sunoco LP retail shops and gasoline businesses for $3.3 billion (about ¥365.9 billion) in a record deal for the Japanese company as it seeks to expand in the U.S. The deal ...