Business / Corporate Aug 5, 2020
Creditors at odds with shareholders over Seven & I's Speedway mega-deal
The bond market is raising questions about what the price tag would mean for the company’s relatively strong credit ratings.
Business / Corporate | FOCUS Aug 4, 2020
Seven & I deal shows store sales make gas-stations appealing despite virus
by David Wethe
"The disadvantage of not winning this bid would have been other competitors expanding their business,” said the president of the 7-Eleven Inc. U.S. operation.
Business / Corporate Aug 3, 2020
7-Eleven owner to buy Marathon’s Speedway gas stations for $21 billion
Seven & I shares fell as much as 8.4 percent in early trading, the biggest intraday decline since March.
Business / Corporate Apr 10, 2020
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. ...
Business / Corporate Feb 20, 2020
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, ...
Business / Corporate Dec 10, 2019
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.
Business / Corporate Oct 11, 2019
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 ...
Business Sep 26, 2019
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 ...
Business / Corporate Sep 3, 2019
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 ...
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 ...