7-Eleven, Inc. to acquire stores from CST Brands, Inc.

TOKYO, JAPAN, 2016-Jun-06 — /EPR Retail News/ — 7-Eleven, Inc. (headquarters: Texas, U.S.; President and Chief Executive Officer, Joseph M. DePinto), a subsidiary of Seven & i Holdings Co., Ltd., signed an agreement to acquire stores from CST Brands, Inc. Details of the agreement are provided below:

1. Purpose of the agreement
7-Eleven, Inc. has been increasing its merchandise capabilities and expanding its store network in North America. This agreement is intended to contribute to higher revenues and profits from convenience store operations in the region. Through this acquisition, 7-Eleven, Inc. aims to further expand the store network and improve convenience in California, U.S. where it has existing stores.

2. Overview of the stores to be acquired
(1) Area: California and Wyoming, U.S. (2) Number of stores: 79 gas stations and convenience stores

3. Overview of CST Brands, Inc.
(1) Name: CST Brands, Inc.
(2) Representative: Chairman, President and CEO, Kim Lubel
(3) Location of headquarters: Texas, U.S.
(4) Major business activities: Operation of fuel retail and convenience store business

4. Schedule of acquisition
Handover date of stores (plan): Early July, 2016

5. Outlook
The agreement will have only a minimal effect on the Company’s consolidated results for the fiscal year ending February 28, 2017, but this asset purchase is expected to contribute to profits over the medium to long-term.

Seven & i Holdings Co. on track to achieve a record high profit over the full year

TOKYO, Japan, 2015-9-18 — /EPR Retail News/ — Seven & i Holdings Co., Ltd. forecasts a new record high in consolidated operating income for the first half of the fiscal year ending February 29, 2016, and is aiming to achieve a record high profit over the full year.

To achieve sustainable growth, the Seven & i Group has rejected the conventional Chain Store management, constructed and reinforced a store-led operating framework, and promoted the Group’s Omni-Channel Strategy as priority management policies for the fiscal year ending February 29, 2016.

In particular, the Group has implemented various policies toward improving the profitability of its superstore and department store operations. In the first half of the fiscal year ending February 29, 2016, Ito-Yokado has carried out merchandising reform, sweeping organizational changes, item-by-item management to reduce inventories, and enlivened sales areas through adjustment of the tenant mix, as well as developed new stores and closed unprofitable ones. In regard to the closure of unprofitable stores, the Company’s policy is to close over several years about 40 stores struggling to revitalize after having undergone structural reforms, but at the current stage specific details have yet to be decided.

 

Seven & i Holdings Co., Ltd. to launch new private label “SEPT PREMIÈRES” for the 2015 Aut umn/Winter season

TOKYO, Japan, 2015-3-5 — /EPR Retail News/ — A New Initiative Spanning the Dept. Store and General Merchandise Store Formats for the First Time! An Apparel Innovation in Collaboration with World-Renowned Designers!

2015 Autumn/Winter Season Launch in Line with the Full Scale Kickoff of

The Seven & i Holdings Group’s Omni-Channel Marketing Strategy!

Seven & i Holdings Co., Ltd. will launch a new private label “SEPT PREMIÈRES” (French for “Seven Premium”) for the 2015 Autumn/Winter season to be sequentially rolled out at Ito-Yokado, Sogo & Seibu stores.

The refined fashion brand is to be positioned as the apparel arm of the Seven & i Holdings Group’s private label, “Seven Premium.” Developed jointly by Ito-Yokado and Sogo & Seibu, the brand offers a touch of superior quality and is ideal for daily use. It is dubbed as “A New Basic Style that Reflects the Trends of Today,” and offers products that are basic in style but pursue the latest trends in color, material, function and fit.

At the same time, to distinguish the brand even more, the Group will collaborate with world-renowned designers. The first guest designer will be Mr. Jean Paul Gaultier. Mr. Gaultier’s refined designs will seek to “make many women look beautiful,” and the line will be named “Jean Paul GAULTIER FOR SEPT PREMIÈRES.” Utilizing the Group’s procurement capabilities in fine materials, experience as a Specialty Store Retailer of Private Label Apparel (SPA), and production scale, Ito-Yokado and Sogo & Seibu will manage every process from development to retail sales.

“SEPT PREMIÈRES” will be launched in autumn to coincide with the full-scale rollout of the Group’s Omni-Channel Strategy, “Anytime, Anywhere.” After purchasing the products “Anytime, Anywhere,” customers will be able to pick them up at their local Seven -Eleven store.

SEPT PREMIÈRES Outline *Lady’s wear only
■Launch: 2015 autumn/winter (October launch)
*Also scheduled for online sales
■Stores: 135 Ito-Yokado stores, all 24 Sogo & Seibu stores
(Total 159 Stores) 50 to 66 m² per store
■Lineup: Outer (10%), tops (50%), bottoms (20%), dresses (20%)
( )=SKU shares
■Pricing: Approx. 100 items, 1,000 SKUs
¥2,900 to ¥19,000 (¥3,132 to ¥20,520 including tax)
■ Sales Target: Total approx. ¥5.0 billion (first year)

Jean Paul GAULTIER FOR SEPT PREMIÈRES Outline *Lady’s wear only
■Launch: 2015 autumn/winter (October launch)
*Also scheduled for online sales
■Stores: 45 Ito-Yokado stores, all 24 Sogo & Seibu stores
[Total 69 stores] Approx.17 to 50 m² per store
■Lineup: Outer (10%), tops (50%), bottoms (15%), dresses (5%), accessories (20%) ( )=SKU shares
■Pricing: Approx. 50 items, 500 SKUs ¥3,900 to ¥29,000
(¥4,212 to ¥31,320 including tax)
■Sales Target: Total approx. ¥2.5 billion (first year)
■Store Design: Design Office “nendo” headed by Oki Sato