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7-Eleven Singapore will collect cash payments for transactions initiated via home-grown financial-services company Pay2Home’s digital platform. Pay2Home is one of the growing group of fintech companies creating services for consumers who are unbanked,…
7-Eleven Malaysia Holding has acquired a 46.45-per-cent equity stake in local delivery firm Myinteractivelab (MSB) for US$1.8 million. According to a SEM’s spokesperson, the company entered into an agreement to accquire 490,030 shares of MSB with founder…
7-Eleven Malaysia’s profit surged 10 percent year on year in the third quarter. Figures released by the firm showed sales growth of 4.5 percent during the quarter and a 5.1-percentage point improvement in gross profit margin. The firm opened 53 new stores…
Metcash shares have dropped more than 10 percent to a four-month low after 7-Eleven chose not to renew its contract with the wholesale food and beverage supplier when it expires in August. Metcash on Friday said its annual sales to 7-Eleven total about $800…
Japanese 7-Eleven parent Seven & I Holdings is preparing to cut 3000 jobs in its 2022 fiscal year. The move will be the firm’s largest payroll cut since it opened and reflects increasing competition from e-commerce and shopping malls, as well as chronic…
Bitcoin purchasers can now buy the cryptocurrency in all 7-Eleven Philippines stores. The move has been introduced by Cryptocurrency investment app Abra in partnership with ECPay payments firm, making the coin available in more than 6000 locations in the…
7-Eleven Malaysia has boosted sales by 7.2 per cent in the first half of this year, aided by new store openings, increased promotions and a higher average spend per customer. The company now has 2323 stores trading and plans further openings in the second…
Japanese convenience-store chain 7-Eleven has suffered its first year-on-year downturn in more than nine years. The decline in monthly sales throughout the chain has been attributed to heavy rains and the hack of its doomed 7Pay e-payment platform last month,…
Sales and profit surge in first quarter on new stores, enhanced service. 7-Eleven Malaysia has achieved sales growth of 9 per cent in the first quarter – and net-profit growth of 24.9 per cent. Same-store sales rose 6.1 per cent, the rest of the growth due to…
7-Eleven Australia has removed the physical checkout from the store at its head office in Melbourne. Now, customers there can pay only via mobile app. Located in Melbourne’s inner suburb of Richmond, the store provides a more enjoyable and convenient shopping…
7-Eleven Malaysia CEO Colin Harvey believes the company can do ever better this year after a modest improvement in sales last financial year. The company’s revenue crept up 1.3 per cent last year to RM2.22 billion (US$546 million), with after-tax profit up…
Taiwan 7-Eleven operator President Chain Store Corp is trialling a dual-branded store with Domino’s Pizza in Taipei’s Xinyi District. In doing so, the Taiwanese retail company has created the first convenience store in the country to offer fresh-cooked pizza…
Convenience store chain 7-Eleven is holding advanced talks with India’s Future Group to enter the territory. The parties may announce an agreement to launch a network of 7-Eleven India stores next month, according to inside reports. Future Group would operate…
Starbucks Korea and 7-Eleven Thailand have announced positive results for their respective anti-plastic campaigns. A report revealed that the local Starbucks subsidiary has seen consumption of single-use straws cut by half in the months since introducing…
Convenience store chain operator 7-Eleven Malaysia Holdings Bhd has appointed Tsai Tzung-Han (pix) as a non-independent and non-executive director, effective Jan 16, 2019. Tsai, 42, is currently the vice chairman of Cathay United Bank, a subsidiary of Cathay…
Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per…
