40,000 And Counting 7-Eleven To Celebrate Store-Opening Milestone

From its humble beginnings in 1927 selling milk and bread from an ice dock in Oak Cliff, Texas, 7-Eleven, Inc. has grown into an international powerhouse with more retail outlets than any other company in the world -- now numbering 40,000.

The company will celebrate this milestone with a reception Friday, Feb. 25, at its headquarters at One Arts Plaza in Dallas.

“Last year, 7-Eleven opened more than 2,500 7-Eleven® stores globally, or about one new store every 3-½ hours,” President and CEO Joe DePinto said. “The growth potential is tremendous, both domestically and internationally, as we operate in only 16 countries today. We are continuing to aggressively pursue expansion across the chain.”

DePinto added, “Around the world, 7-Eleven is a franchise business with approximately 75 percent of stores franchised by independent business operators running local neighborhood stores. These local stores can take advantage of scale and support under the 7-Eleven brand. As our store count rises, so, too, do the franchising opportunities for qualified businessmen and women around the world to be their own boss.”

Approximately 10 to 11 full- and part-time store associates are employed by each store in the U.S. and overseas, infusing dollars into the local economy. In total, more than 30,000 new jobs and business opportunities are created each year as a result. We have 500,000 store associates around the world and global sales of $62.7 billion. This contribution to local economies has been recognized through numerous awards and honors given to 7-Eleven for the positive impact on the communities served.

“This significant store growth is a job-stimulus package in itself,” DePinto said. “When 7-Eleven opens a store, we create new jobs and business prospects in the community. This ranges from franchising, management and store staff positions to more work for local suppliers, contractors and construction crews. We also add to the local tax revenues for neighborhood schools and city services.”

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