Seven & I to launch online store
In this article (5)
Japan’s Seven & I Holdings says it will open a giant online store in November, offering products sourced from across its retail store brands.
By February 2019, Seven & I anticipates a range of 6 million SKUs will be available on the new store, including goods specifically created for the channel in partnership with name brands, including apparel chain Uniqlo.
It targets ¥1 trillion in annual turnover, or US$8.3 billion when fully operational.
Seven & I is the global parent of the 7-Eleven convenience store brand, owns the Ito-Yokado chain of hybrid supermarkets and general merchandise stores and the high end department stores Seibu and Sogo.
The new online store ‘Omni7’ will open on November 11 with a stock of 1.8 million items.
Shoppers will be able to request delivery to their home or two any Seven & I outlets for convenient collection – such as 7-Elevens.
Returns will be permitted over the counter at any group store.
Questions & Answers
Q.What is the expected annual turnover for the new online store once it is fully operational?
What is the expected annual turnover for the new online store once it is fully operational?
Seven & I targets an annual turnover of ¥1 trillion for the online store when it is fully operational. This is equivalent to US$8.3 billion at the time of the article.
Q.How can customers receive their orders and handle returns from the new online store?
How can customers receive their orders and handle returns from the new online store?
Shoppers can choose home delivery or collection from any Seven & I outlet, such as a 7-Eleven. Returns are permitted over the counter at any store belonging to the group.
Q.Which retail store brands are part of the Seven & I Holdings group?
Which retail store brands are part of the Seven & I Holdings group?
Seven & I Holdings owns the global 7-Eleven convenience store brand, the Ito-Yokado chain of hybrid supermarkets, and the high-end department stores Seibu and Sogo.
Q.When will the new online store, Omni7, officially open and what will its initial stock be?
When will the new online store, Omni7, officially open and what will its initial stock be?
The new online store, named Omni7, is scheduled to open on November 11. It will launch with an initial stock of 1.8 million items available for purchase.
Reader pulse
Is Omni7 a major shift?
19,160 votes so far