A convenience store is a compact retail establishment that offers a variety of everyday necessities in one location. These items typically include convenience foods, groceries, drinks, tobacco products, lottery tickets, non-prescription medications, personal hygiene products, and reading materials like newspapers and magazines. Convenience stores aim to provide quick and easy access to frequently needed items, catering to immediate needs and impulse purchases.
7-Eleven, a popular convenience store chain, announced it will close hundreds of stores across the nation. The closures impact multiple states, including Texas, due to business performance and strategic realignment. 645 stores are said to be closing.
By 1900, the number of co-operative shops in the UK had reached 1,439.
In 1927, the Southland Ice Company, which eventually became 7-Eleven, opened the first chain convenience store in the United States in Dallas, Texas.
In 1939, J.J. Lawson, a dairy owner, started a store at his dairy plant near Akron, Ohio, to sell his milk.
Under the Shops Act 1950, Sunday trading was illegal for most traders in the UK, with exceptions only allowed for small shops selling perishable items such as milk, bread, butter, fresh meat and vegetables, and most shops that were not off-licences (i.e. selling alcohol) had to close at 20:00.
In 1951, Circle K, another large company-owned convenience store chain, was founded.
In 1963, the first 24-hour convenience store opened in Las Vegas.
In 1966, the US convenience store industry recorded $1 billion in sales for the first time.
By 1969, only 2,500 convenience stores in the US had self-service gasoline pumps.
In 1976, the first convenience store in Mexico, Super 7 (now a 7-Eleven), was opened in Monterrey, Nuevo León.
In 1982, 7-Eleven began its presence in Singapore when it opened its first shop by Jardines under a franchise agreement with Southland Corporation of the United States.
In 1982, Lotte opened a convenience store in Seoul, marking the beginning of convenience stores in the Republic of Korea.
In 1983, other convenience shops such as Myshop, belonging to a Japanese company, and One Plus, belonging to Emporium Holdings, appeared in Singapore.
In 1984, the first 7-Eleven store in the Philippines opened in Quezon City. It is run by the Philippine Seven Corporation (PSC).
In 1984, the number of 7-Eleven outlets continued to increase in Singapore, while other chains like One Plus faced difficulties expanding and Myshop sold out due to a lack of demand.
In 1985, 7-Eleven in Singapore had difficulty finding favorable locations and failed to meet its one-shop-a-month target.
In 1986, a new Housing & Development Board (HDB) tendering system in Singapore allowed 7-Eleven to secure shops without bidding too high a price.
In 1988, after the Summer Olympics in Seoul, convenience stores saw growth in South Korea with the first 7-Eleven opening.
In 1989, Dairy Farm International Holdings acquired the 7-Eleven chain from Jardines in Singapore.
In 1989, legislation in New Zealand prohibited the sales of alcohol by dairies, which blurred the distinction between dairies, superettes, and groceries.
In 1990, there was a rise in the number of shop thefts in 7-Eleven. The shoplifters were usually teenagers who stole small items such as chocolates, cigarettes and beer. Security measures were stepped up, which successfully lowered the crime rate by 60%.
In 1991, Seven & I Holdings Co., the parent company of 7-Eleven Japan, acquired 7-Eleven (US) from Southland Corporation.
The Sunday Trading Act 1994 in the UK allowed large-format shops to open on Sunday for not more than six hours.
In 1996, Japan had 47,000 convenience stores, increasing by 1,500 annually.
In 1999, Cheers was established in Singapore by local corporation NTUC FairPrice, adopting 7-Eleven's 24/7 model and taking similar security measures.
In 2004, figures from the Singapore Department of Statistics showed there were 338 7-Eleven shops and 91 Cheers outlets.
A 2005 economic review by PwC reported that 54% of Singaporeans stayed up past midnight, contributing to the popularity of 24-hour convenience shops.
In 2007, Altoona, Pennsylvania–based Sheetz tried to find a loophole by classifying part of one of their prototype stores in Altoona as a restaurant to permit alcohol sales, but state courts promptly overruled this decision.
In 2009, FreshStop, SA's oldest and largest convenience store chain, opened in South Africa.
In 2011, approximately 47,195 gas stations with convenience stores generated $326 billion in revenue in the US.
In 2015, consumers' co-operatives accounted for approximately 6% of the UK grocery market.
In 2017, the Australian convenience channel merchandise sales were valued at $8.4 billion, excluding petrol sales, according to the AACS State of the Industry Report.
In mid-2018, the Australian convenience store industry comprised over 6,000 stores and employed well over 40,000 people. The majority of stores are small businesses, either independently owned or operated under franchise or licence agreement.
As of July 2020, FamilyMart opened its 200th store in Malaysia.
According to data from July 2021, there were 55,931 convenience stores in Japan, with 7-Eleven leading with 12,467 stores, followed by Lawson with 9,562, and FamilyMart with 7,604.
As of 2021, the number of convenience stores in Seoul has increased by about four times compared to 15 years ago.
As of the end of 2023, there are about 55,000 convenience stores in South Korea.
In 2023, the Greek convenience retail sector experienced substantial growth, with the small-format retail sector reaching an estimated €5.15 billion turnover.
In 2024, CU and GS25 are competing for the first or second place in market share in South Korea, followed by 7-Eleven.
In November 2025, FreshStop is expected to have reached a total of 330 locations in South Africa.
By 2025, FamilyMart aims to open 1,000 stores in Malaysia.
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