Author Topic: History of 711 Store (Read 1315 times)

MikeLigalig.com · « **on:** August 31, 2025, 06:19:31 AM »

🏪 Origins and Evolution
- Founded in 1927 in Dallas, Texas, as the Southland Ice Company, selling ice and basic groceries.
- Renamed Tote’m Stores in 1928, a play on the word “tote” (to carry), with some stores featuring totem poles.
- In 1946, the name changed to 7-Eleven to reflect its extended hours: 7 a.m. to 11 p.m.—a novelty at the time.
- The company pioneered 24/7 operations, introduced the Slurpee in 1965, and became a franchise leader.

🌍 Global Expansion and Ownership
- In 1973, Japanese retailer Ito-Yokado signed a franchise agreement to bring 7-Eleven to Japan.
- By 1991, Ito-Yokado acquired a 70% stake in Southland Corporation (then the parent of 7-Eleven).
- In 2005, it completed a full acquisition, making 7-Eleven, Inc. a wholly owned subsidiary of Seven-Eleven Japan, itself part of Seven & i Holdings, based in Tokyo.
- Today, Seven & i Holdings owns over 85,000 stores globally, with the largest concentration in Japan.

🇵🇭 Philippine Context
- Locally, Philippine Seven Corporation (PSC) was established in 1982 and opened the first 7-Eleven store in 1984 in Quezon City.
- PSC operates under a master license from 7-Eleven International and is publicly listed on the Philippine Stock Exchange.

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MikeLigalig.com

Author Topic: History of 711 Store (Read 1315 times)

MikeLigalig.com

History of 711 Store