The retailer’s key growth pillars will help the chain expand while remaining a channel leader that meets consumers’ evolving needs. IRVING, Texas — 7-Eleven Inc. is embarking on a multipart effort to solidify the company’s role as a convenience channel leader in a changing landscape while making sure consumers get what they want, when they want it and how they want it. CEO Joe DePinto discussed four key growth pillars during parent company Seven & i Holdings Ltd.’s recent investor presentation: grow proprietary products; accelerate digital and delivery; improve efficiencies and cost leadership; and grow and enhance store network. [Read more: Couche-Tard Executives Ramp Up Pursuit of 7-Eleven’s Parent Company] The retailer’s store network will build on what 7-Eleven has learned from its Evolution Stores, which serve as experiential testing grounds for customers to try its latest products and innovations. The company used these learnings to develop a New Standard store format, which features…

Businesses could seek to bar people who exhibit violent or intimidating behaviour in shops and shopping centres, under tough new laws proposed by the State Government. The move is aimed at strengthening protections for retail workers and shoppers, with the Government set to consult with key industry and union stakeholders on the possible establishment of a workplace protection order scheme in South Australia. The scheme would operate in a similar manner to intervention orders, with businesses able to apply to the Magistrate Court to prevent individuals who have been violent in a workplace from revisiting that business for up to a year. Similar barring orders are in place for public transport. It would cover acts of physical violence, sexual violence, threatening behaviour, stalking, harassment and damaging property. Offenders who breach an order could face up to five years in jail. It follows significant action by the Malinauskas Labor Government to…

The state’s planning body has given global energy giant BP the green light to convert its Kwinana refinery into a clean energy hub under a plan worth more than half-a-billion dollars. On Thursday, a development assessment panel voted unanimously to approve the $580 million biorefinery, earmarked for the 250-hectare Kwinana Industrial Area site BP has occupied for almost 70 years. Under the plan, the company intends to demolish its redundant oil refining assets, repurpose its existing facility and build new infrastructure to produce renewable diesel and sustainable aviation fuel from renewable feedstocks. New infrastructure at the Mason Road site about 32 kilometres south of Perth includes hydrogen generation units and will be capable of using vegetable oils, animal fats and other biowaste products that can be mixed with mineral oil to produce renewable diesel and sustainable aviation fuel. The plant is expected to have an operational life span of at…

From 2025 through 2027, 7-Eleven plans to build 500 new convenience stores, the company said in an investor presentation posted Thursday by parent company Seven & i Holdings Co. Ltd. 7-Eleven will do this by rolling out its “New Standard” stores, which were developed from what the company learned with its “Evolution” stores, which offer in-store restaurants and premium products like cigars, craft beers and wine cellars. The first Evolution store opened in Dallas in 2019. “We plan to open 125 of these new stores in 2025, and we are ramping up and growing our pipeline with plans to open over 500 of these new stores by 2027,” Joe DePinto, 7-Eleven CEO, said on the call. The presentation indicated that Irving, Texas-based 7-Eleven will have 115 New Standard stores open by the end of fiscal 2024. It expects to build the aforementioned 125 next year, 175 in 2026 and 200 in 2027, for a…

Have you ever walked past an empty shell of a shop — claiming to be a tobacconist — and wondered how it’s making any money? There are said to be thousands of them across the country, from tiny towns to big cities, and many appear to close almost as quickly as they open. These shops are the most visible sign of a flourishing black market, controlled by organised criminals who are illegally importing cigarettes in vast quantities and selling them tax-free to smokers. In New South Wales, the government is well aware of this growing illicit trade — particularly in rural and regional communities — but it has no idea how many retailers are in on it. Part of the reason is the lack of red tape. Anyone who wants to open a cigarette shop in the state just needs an ABN and must then notify NSW Health to obtain…

The government’s plan to outlaw surcharges on debit card transactions threatens to squeeze small businesses unless it acts to limit fees payment giants and banks levy on outlets. Rob Anderson, the director of the Geelong-based and family-owned service station chain APCO, said payment processing costs jumped “exponentially” over the past few years, with around 80 per cent of his customers now using some form of card and digital payment. While APCO has not implemented a surcharge in its stores, Mr Anderson has considered it to offset the cost of processing payments. Now, he fears the Albanese government’s plan to ban debit surcharges from 2026, pending a Reserve Bank review, will put outlets like his at a disadvantage. “I don’t think it is reasonable to ban surcharges when the retailer is actually getting charged for accepting payment,” he said. “We are even getting charged on eftpos payments, and they will be…