Lawson and Seven & I cancel fiscal 2020 forecasts due to pandemic
Retailers Seven & I Holdings Co. and Lawson Inc. cannot release earnings forecasts for fiscal 2020 due to the uncertainties posed by the coronavirus outbreak, they said. Economic activity is slowing markedly because of the government's state of emergency declaration for Tokyo and six prefectures. ...
7-Eleven owner in talks for Marathon's Speedway gas stations, sources say
Seven & I Holdings Co., which controls convenience store operator 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.'s Speedway gas stations for about $22 billion, according to people familiar with the matter. The 7-Eleven owner is lining up financing for the potential transaction, ...
Seven-Eleven Japan failed to pay at least ¥490 million in overtime over several decades
A long-running error in the Seven & I Holdings Co. unit’s calculations for such workers led to the shortfall for payments to part-time staff, sources said.
Seven & I Holdings to cut 3,000 jobs and close 1,000 7-Eleven convenience stores across Japan
The number of domestic convenience stores operated by Seven-Eleven Japan Co. dropped by 24 in September from the previous month to 20,993, marking the first fall in five years, company officials said Friday. The figures came a day after its parent, Seven & I Holdings ...
U.S. Seven-Eleven body to work with Japan peers to highlight difficulty of 24/7 operations
A U.S. body representing Seven-Eleven convenience store owners said Thursday it will seek to work together with Japanese owners on tackling the issue of running 24-hour operations in a tight labor market. "We want to help (the Japanese franchisees) to get started in lobbying and ...
Three of Japan's top four department stores saw sales grow in August
Three of the nation's four major department store chains posted year-on-year growth in same-store sales in August, backed by brisk demand for such summer products as sandals and parasols following the end of the rainy season. The growth was also supported by a last-minute surge ...
Seven & I to scrap 7pay smartphone payment service in Japan after users hacked
The Tokyo-based retail giant and operator of 7-Eleven convenience stores said it will end the service on Sept. 30.
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 ...
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 ...
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.
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 & ...
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 ...
