Pittsburgh Business Times’ Post

As of April, 7 Brew had 217 stores. Of these 217 stores, 36 have traded in the past year and 53 are currently listed. (Shoutout to Michael Watson for this data) This means that an incredible 41% of 7 Brew’s current stores have traded or theoretically will trade in the coming months.   Part of the cause for this backlog in inventory of roughly 14-16 months is the fact that many of these deals on market have rents that seem impossibly high for a 510 SF modular build. So how are these rents sustainable?   7 Brew’s Prime Costs are very low, with most “stands” operating somewhere around 50%, achieving an incredible EBITDA margin of 22+%   This allows 7 Brew to pay some fairly aggressive rents (10%+ of sales) and still maintain a thriving business.   This is another example of why EBITDAR coverage is a better indicator of unit level health rather than the often used rent to sales ratio.

ShopRite is ramping up its discount store expansion, aiming for 1,000 #Usave locations in the next five years. With a 7.2% rise in annual earnings and plans to acquire a full stake in logistics provider Pingo, Shoprite is positioning itself to capture both low-income and affluent markets. #RetailExpansion #Shoprite #Usave #GroceryRetail #BusinessGrowth

NOT SO FAST... While we applaud any effort to increase access to fresh produce, dollar-model stores are one of the drivers of food desert creation in the rural US. That being said, to claim that Dollar produce departments are comparable to a grocery stores is somewhat misleading. Beyond access to fresh and locally sourced produce, independent grocers hire at a greater rate, invest in their local communities at a higher rate and offer more meaningful relationships to small business partners. How often do we see Dollar General donned on the jerseys of the hometown youth sports team? A Dollar store providing limited access to produce after putting down the hardworking Independent Grocer hardly begins to address the larger problems they create for small town America. #lovetheindependents #grocery #fresh #healthy #buylocal #shoplocal #smallbusiness ROFDA Associated Wholesale Grocers National Grocers Association Associated Food Stores FMI- The Food Industry Association URM Stores Inc Wakefern Food Corp. UNFI

Several hundred 7-Eleven stores across North America are closing, the convenience store chain announced. The company’s CEO reported in an earnings call on Thursday held by Tokyo-based parent company Seven & I Holdings that it’s shuttering 444 “underperforming” locations, citing inflation pressures, slowed traffic, a decline in cigarette sales and a shift in consumer appetites. The closures amount to 3% of the chain's total of more than 13,000 stores in the U.S. and Canada.

🤔 Owner of 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard 🤔 The owner of 7-Eleven convenience stores and other retail chains has received a buyout offer from Canada’s Alimentation Couche-Tard Shares of Seven & i jumped 23% in Tokyo, the largest single day jump for the stock in the company's history. Its market capitalization exceeded 5 trillion yen ($34 billion) “This potential takeover bid is a huge deal. 7-Eleven is the biggest operator in the U.S. convenience retail store space with a 14.5% share of the market in 2023," Couche-Tard runs a number of convenience store chains under brand names like Couche-Tard, Circle K, and On the Run. It has more than 14,000 stores across Canada, Ireland, Mexico Russia, Poland, Norway, Sweden, Denmark and the United States https://lnkd.in/gqwSV-QJ

Spanish Grocery Shakeup: Discounters on the Rise! Traditional retailers ramp up store openings despite a slowdown! - Alcampo, Eroski & Consum aim to grab market share from leaders Mercadona & Carrefour. - Discounters Aldi & Lidl see high growth with aggressive expansion plans. - Dia shrinks store count through closures & sales. - Discounters projected to capture 23.1% market share by 2028! Overall food sales in Spain to rise 3.3% in 5 years, fueled by: - Discount stores - Convenience stores (12.2% market share expected) - Online grocery sales (4% market share projected) How is your brand facing this decline? Please share. https://ow.ly/f50L50S9gPt #retail #spain #grocery #discounters #expansion

Interesting article.

Convenience-store giant 7-Eleven plans to close 444 underperforming stores in North America, parent company 7 & i Holdings revealed in an earnings presentation Thursday. The chain is struggling with the same inflationary pressures that are impacting traffic and sales at restaurants, plus a decline in demand for cigarettes. Traffic at North American 7-Eleven locations has been negative since early last year and fell 7.3% in August. #grow🌱 #agribusiness #supplychain #trade #usa🇺🇸 #markets #commodities #711🥤 #demand #stagflation #closures #interestrates✂️ #spending #downturn

In what marks a sea-change in Walmart-owned Massmart's strategy, the retailer is testing small-format Makro stores in a pilot project at four sites in popular malls across SA.