continued from page 16
saler, research and consulting fields. Winners are recognized for raising the bar on quality, service and innovation in the fast-growing and critically important foodservice category in the convenience channel. One judge stated, “7-Eleven owns the frozen drink category and still does the best LTOs.”
7-Eleven One Of The Largest Grocery Chains In The World 7-Eleven is the third largest grocery chain in the world by net sales, reported Business Insider. The ranking was compiled by e-commerce insights firm Edge by Ascential, as part of its July 2019 report on the state of the business. The company calculated its estimates on instore and online net sales for 2019 based on its database, Retail Market Monitor, which analyzes 2,500 retailers globally. The report also provided forward-looking estimates for in-store and, when applicable, online sales for 2024. 7-Eleven is ranked No. 3 with instore net sales for 2019 of $120 billion and estimated in-store net sales for 2024 of $168 billion. Walmart is ranked No. 1 (in-store net sales for 2019: $503 billion; estimated in-store net sales for 2024: $568 billion). Costco comes in at No. 2 (in-store net sales for 2019: $151 billion; estimated in-store net sales for 2024: $120 billion).
7-Eleven #2 Among Top Franchise Systems 7-Eleven has taken the #2 spot on the Franchise Times Top 200+ list, an annual ranking of the 500 largest franchise systems in the United States by global system-wide sales, based on the previous year’s performance. According to the Franchise Times, 7-Eleven had total sales of approximately $86 billion, with 8,951 U.S. stores and 58,705 international units. McDonald's ranked #1 with $96 billion in sales (13,912 U.S units and 37,855 international units), while KFC ranked #3 with $26 billion in total sales (4,074 U.S units and 22,621 international units).
Juul’s New Checkout System Blocks Underage Purchases
Juul Labs Inc. is offering more than $100 million in incentives to retailers to install a new electronic age-verification system intended to curb illegal sales to minors, reported the Wall Street Journal. The modification to point-of-sale software blocks each Juul purchase until the shopper’s driver’s license or other government identification has been scanned. It also “7-Eleven is the third largest grocery limits each purchain in the world, with net sales of $120 chase to a maxibillion, according to Edge by Ascential, mum of one vaporizer and four an e-commerce insights firm.” continued on page 59
18
AVA N T I S E P T E M B E R | O C T O B E R 2 0 1 9
continued from page 14
to open a room for Video Gaming Terminals (VGTs) at one of its locations. The retailer said it partnered with Marquee by Penn, a subsidiary of Penn National Gaming, Inc., to open more than ten VGT rooms in 2019. • Three major Japanese convenience store operators, including Seven-Eleven Japan, will offer a 2 percent discount for cashless payments under the government’s rebate program to ease the impact of the consumption tax hike in October, reported The Japan News. • A new cashier-less store has opened at the Golden 1 Center in Sacramento, home to the NBA's Sacramento Kings, reported Business Insider. The store is powered by Zippin and allows fans to walk in, grab a beer, and walk out in under 30 seconds. • A planned Kroger fulfillment center in Dallas will feature robotic technology from Ocado that will be able to fulfill a 50-item online grocery order in around seven minutes, reported the Dallas Morning News. • Ford Motor Co. said it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021, reported U.S. News & World Report. The U.S. automaker previously said it would begin transporting people and goods in automated vehicles in Miami and Washington. • The first gas station in the U.S. to ditch gasoline for 100 percent electric vehicle charging opened recently in Takoma Park, Maryland. There are more than 20,700 registered electric vehicles in Maryland, and the area also has an electric taxi service in need of more charging infrastructure. • Impossible Foods is making its plant-based Impossible Burger patty available in grocery stores, reported Yahoo Finance. The company launched the product at Gelson’s, a supermarket chain in Southern California, but plans to have a presence in grocery stores across every region in the U.S. by mid-2020. • Netflix recently mailed continued on page 28