650 Sites in Sight

Published in CSP Daily News

7-Eleven to double 2010 store growth this year

DALLAS -- 7-Eleven Inc. will open about 650 U.S. stores this year, more than double the number of new stores in 2010, according to a report in the Dallas Business Journal.

The Dallas-based company saw an increase in acquisition opportunities, while also having organic store growth, Sean Duffy, senior vice president of development, told the newspaper.

“We had opportunities with the ExxonMobil stores that were for sale and a lot of the older companies selling their assets,” Duffy said.

In August, 7-Eleven acquired 51 North Texas ExxonMobil On the Run stores. Duffy said those stores will be converted in January. The company also acquired 183 Exxon Mobil stores in Florida and 188 Wilson Farms stores in New York.

In September, after purchasing 28 sites in California, Oregon, Washington and Colorado from Pacific Convenience & Fuels LLC, Duffy stated, "This is a strategic acquisition for us, increasing our store footprint in several of our most successful markets. ... Year to date, 7-Eleven has added more than 400 new locations, and 2011 promises to be 7-Eleven's biggest year for store growth since 1986."

Dallas-based 7-Eleven operates and franchises more than 6,500 stores in the United States. It operates, franchises or licenses more than 8,800 7-Eleven stores in North America.