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7-Eleven’s next CEO will face a steep climb
Yahoo Finance· 2025-12-22 12:50
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. The writing had been on the wall since earlier this year that Joseph DePinto’s two-decade run as CEO of 7-Eleven was nearing its end. In March, the convenience retailer’s parent company, Seven & i Holdings, revealed plans to take 7-Eleven public in 2026 — a move that oftentimes results in new leadership. Less than a week later, DePinto resigned from Seven & i’s boar ...
7-Eleven CEO Joe DePinto to retire, interim co-leaders named
Yahoo Finance· 2025-12-22 09:59
Core Insights - 7-Eleven's president and CEO Joe DePinto will step down at the end of this year after over 20 years in the role [1] - The company will be led on an interim basis by Stanley Reynolds and Douglas Rosencrans until a permanent CEO is appointed [2][3] - The board of directors has initiated a formal succession process with a globally recognized executive search firm to find DePinto's long-term replacement [3] Leadership Background - Stanley Reynolds has been president of 7-Eleven since 2023 and previously served as CFO from 2005, with a tenure at the company since 1997 [4] - Douglas Rosencrans has been executive vice president and COO since 2022, responsible for store expansion and profitability across over 13,000 outlets in the US and Canada [4][5] Company Overview - 7-Eleven operates, franchises, and licenses over 13,000 convenience stores in the US and Canada under various banners including 7-Eleven, Speedway, Stripes, and Laredo Taco Company [6] - The company is part of Japan's Seven & i Holdings, which has seen significant expansion in its international and US store network under DePinto's leadership [6]
7-ELEVEn的小写“n”,有什么玄机?
3 6 Ke· 2025-12-22 01:05
Core Viewpoint - The article explores the unique design choice of using a lowercase "n" in the brand name "7-ELEVEn," discussing various theories behind this decision and its implications for brand perception and consumer memory [3][4][20]. Group 1: Theories Behind the Lowercase "n" - One theory suggests that the lowercase "n" was introduced by the president's wife in the 1960s to make the logo appear more elegant [3]. - Another theory links the lowercase "n" to the store's original operating hours, where "eleven" refers to 11 PM [3]. - A popular belief is that the lowercase "n" symbolizes wealth accumulation, as its design suggests inward movement, contrasting with the outward stroke of an uppercase "N" [3]. Group 2: Design Implications - The lowercase "n" represents a deliberate deviation from standard English capitalization, which can signal brand personality and enhance consumer memory [4][20]. - Research indicates that lowercase text is perceived as more friendly and approachable, aligning with 7-ELEVEn's image as a convenience store for the general public [6][13]. - In contrast, all-uppercase branding is often associated with authority and formality, making it suitable for luxury brands [8][9]. Group 3: Broader Branding Context - The article highlights that many luxury brands, such as VOGUE and DIOR, utilize all-uppercase logos to convey a sense of prestige and power [8][9]. - Conversely, brands like adidas and asics use lowercase logos to project a friendly and accessible image, appealing to a broader consumer base [14][15]. - Mixed-case branding can create a sense of innovation and modernity, as seen in brands like Coca-Cola, which enhances brand recall [18][19].
7-Eleven, Inc. Announces Retirement of CEO Joe DePinto After More Than 20 Years of Service
Prnewswire· 2025-12-20 00:00
Stan Reynolds and Doug Rosencrans appointed Interim Co-CEOs DALLAS, Dec. 19, 2025 /PRNewswire/ -- 7-Eleven, Inc. (SEI) today announced that Joe DePinto, who has served as CEO of 7-Eleven, Inc. for more than twenty years, will retire from his position, effective as of the end of this year. Stanley (Stan) Reynolds, currently President of SEI, and Douglas (Doug) Rosencrans, currently Executive Vice President & COO of SEI have been appointed Interim Co-CEOs of SEI as of the same date and will serve in this capa ...
7-Eleven CEO to retire
Yahoo Finance· 2025-12-19 21:20
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Joseph DePinto, CEO of 7-Eleven, will retire at the end of this year, according to a Friday press release from parent company Seven & i Holdings. Stan Reynolds and Douglas Rosencrans, president and COO of 7-Eleven, respectively, will serve as co-CEOs until a permanent replacement is hired, according to the announcement. The move comes at a time of ...
ARKO Corp. Announces Filing of Registration Statement for Proposed Initial Public Offering of its Subsidiary, ARKO Petroleum Corp.
Globenewswire· 2025-12-19 13:30
Core Viewpoint - ARKO Corp. has filed a registration statement for the proposed initial public offering of Class A common stock of its subsidiary, ARKO Petroleum Corp., as part of its strategic plan [1] Group 1: Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest convenience store operators, fuel wholesalers, and cardlock operators in the United States [1] - The company operates in four reportable segments: retail, wholesale, fleet fueling, and GPM Petroleum [5] - The retail segment includes convenience stores selling merchandise and fuel products, while the wholesale segment supplies fuel to independent dealers [5] Group 2: IPO Details - The proposed IPO will be managed by UBS Investment Bank, Raymond James, and Stifel as lead book-running managers, with Mizuho and Capital One Securities as joint book-running managers [2] - The registration statement has been filed but is not yet effective, meaning securities cannot be sold or offers accepted until it becomes effective [3] - The offering will be made only by means of a prospectus, which will be available from the managing underwriters [4]
Dover Fueling Solutions launches retail media network
Yahoo Finance· 2025-12-18 08:48
Group 1 - 4Court Media has launched a retail media network aimed at enhancing advertising opportunities for fuel dispensers, primarily operating on Wayne Ovation screens [6] - The network will provide multimedia content to customers at over 13,000 screens across more than 1,500 locations, connecting advertisers with a diverse range of retailers, including smaller independent operators [6] - The initiative allows retailers to generate incremental revenue and integrate their loyalty programs and seasonal campaigns into the retail media network alongside national advertisements [3][4] Group 2 - The retail media space has seen increased integration among convenience stores, with notable partnerships such as BP and Jacksons Food Stores joining Axonet, and Casey's General Stores collaborating with GSTV [4] - Kendra Keller from Dover Fueling Solutions emphasized that the combination of their solutions with a growing retail media network offers advertisers a powerful means to engage consumers and drive foot traffic to stores [4]
RaceTrac grows supply agreement with Core-Mark
Yahoo Finance· 2025-12-17 08:16
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: RaceTrac has expanded its partnership with supplier Core-Mark, a division of Performance Food Group, according to an emailed press release. Core-Mark already supports RaceTrac’s franchised arm, RaceWay, according to the announcement. This expands the partnership across its company-owned RaceTrac c-stores as well. This news comes several months afte ...
Minuteman hires private label specialist as VP of ops, merchandising and marketing
Yahoo Finance· 2025-12-16 09:00
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Minuteman Food Mart has hired Thomas Becker as vice president of retail operations, merchandising and marketing, a company spokesperson confirmed to C-Store Dive. Becker most recently spent five years as director of U.S. proprietary brands for Circle K, a role he held until this past April, according to his LinkedIn bio, where he noted that he joined M ...
Big name convenience store brand closing all stores
Yahoo Finance· 2025-12-13 16:33
Core Insights - Consumer loyalty to convenience store brands is significant, with 81% of shoppers typically visiting the same brand and 86% visiting the same location each time [2] - Personalization and exclusive offers can enhance brand loyalty, with 72% of customers willing to pay more for their preferred brands and 70% considering loyalty programs important [3] Company Developments - Casey's General Stores, Inc. completed the acquisition of Fikes Wholesale, the parent company of CEFCO Convenience Stores, on November 1, 2024, adding 148 stores in Texas and 50 in Alabama, Florida, and Mississippi, increasing its total store count to approximately 2,900 [4][5] - This acquisition is the largest in Casey's history and aligns with the strategic plan presented at the June 2023 Investor Day [5] CEFCO Background - CEFCO was established in 1952, starting as a filling station in Cameron, Texas, and opened its first official convenience store in 1979 [5][6] - The company experienced rapid growth from 1994 to 2006, averaging over 20% annual growth [5] - CEFCO expanded through acquisitions, including the purchase of Deweese Enterprises Inc. in 2007, which operated 45 stores in Mississippi and Alabama [5]