“Food-Focused” Strategy Advantages with Shareholders

Seven & i Holdings, the parent company of 7Eleven, has sent a letter to shareholders highlighting the benefits of its "foodfocused" strategy, including the ability to leverage its extensive product development and supply network to provide high-quality food offerings and the potential for continued growth The company also discussed its investments in its convenience store business and the importance of improving its portfolio. The letter was released on the same day that shareholder ValueAct Capital published a presentation advocating for change at Seven & i However, Seven & i encouraged shareholders to vote for its slate of board nominees at the annual general meeting in 2023.

Becoming a Foodservice Destination

Convenience stores are focusing on foodservice and improving their menus by offering customization and promoting their food options better to customers. Duchess convenience stores have experienced double-digit growth in their foodservice segment due to a "food-centric focus", which includes consistent freshness and customerfavorite core items To improve customer awareness of their freshness story, they will post more videos on social media, in advertising, and on TV screens in their stores in 2023. The company has also audited their foodservice and beverage equipment and moved the pizza sales area to the front counter to enhance food merchandising.