7-Eleven Is Reinventing Its $17B Food Business to Be More Japanese | WSJ

Interesting. I did some consulting for a PE firm that owns/partially owns some big players in the C-store space (not 7-11) around this topic a few years ago. Recommendation was to go the Europe route (similar to Japanese model) and significantly upgrade the food offerings, which are crazy good on margins. Also stock high end cold coffee offerings as a play to steal Starbucks market share of your daily morning $5 spend.
 
7-11's attract a lot of strange people. It was often a good hunting ground on a slow night. All sorts of people drop by in the wee hours.
 
Sledog said:
7-11's attract a lot of strange people. It was often a good hunting ground on a slow night. All sorts of people drop by in the wee hours.
Click to expand...
Spent a lot of time visiting the local U of O 7-11 after hours for a quick microwave burrito. Definitely, when the going get weird, the weird go to 7-11.
 
Bob_C said:
Interesting. I did some consulting for a PE firm that owns/partially owns some big players in the C-store space (not 7-11) around this topic a few years ago. Recommendation was to go the Europe route (similar to Japanese model) and significantly upgrade the food offerings, which are crazy good on margins. Also stock high end cold coffee offerings as a play to steal Starbucks market share of your daily morning $5 spend.
Click to expand...
I eat at qt quite a bit
 
On a side note, I saw a video of a type of convenience store in Korea with no employees! You go in and get your stuff and buy on the honor code.
Sadly that would never, ever, ever work in the good 'ol USA
 
DerekJohnson said:
On a side note, I saw a video of a type of convenience store in Korea with no employees! You go in and get your stuff and buy on the honor code.
Sadly that would never, ever, ever work in the good 'ol USA
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Amazon tried that in some stores and if failed miserably to no one's surprise except for high level Amazon workers shelf stockers like buck. Hell, many US stores are ending self-checkout (which is somewhat monitored) because of shoplifting. Even Costco is now closely checking Costco cards before you enter self-checkout.
 
WestlinnDuck said:
Sledog said:
7-11's attract a lot of strange people. It was often a good hunting ground on a slow night. All sorts of people drop by in the wee hours.
Click to expand...
Spent a lot of time visiting the local U of O 7-11 after hours for a quick microwave burrito. Definitely, when the going get weird, the weird go to 7-11.
Click to expand...
They SF at 3 am... by they had fresh hotdogs, so all good!
 
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