Some 7-Eleven owners in Japan fed up with strategy, welcome foreign bid

"As a Japanese, I don't think having companies bought out by foreign firms is good in principle,"

Yet it's ok for the Japanese to galavant around the world gobbling up whatever they want. Hypocrite.

"As a Japanese, I don't think having companies bought out by foreign firms is good in principle,"

heheh oh the irony

7 Eleven is from America originally.

Yup, it’s NOT ok for other countries to buy out Japanese, but wasn’t 7-11 an AMERICAN company originally?

Yeah THAT’s ok; huh ?

"Even if Couche-Tard's takeover bid fails, I think another company will come along to buy it," the owner said.

This 'Seven & i' franchise owner is probably correct...

Don't be a fool by owning a 7 11 store bcz. all you will be is a SLAVE.

You have NO SAY in anything, the company controls every little and large single move in the store all you can do is work long hours 12 to 14 hrs. / day and deal with employees headaches, customers claims and complaints, and if your employees quit you are stock in there al shift hours, You can quit as they did bcz. you invested your life savings in there so you are SCREWED.

Butter off starting your own online or little store and see how it goes were you will be free, no pressure, you decide your hours, prices, conditions, and everything else.

BE FREE and explore your world, and if you fail start all over again at least you learned.

"As a Japanese, I don't think having companies bought out by foreign firms is good in principle," said Nagao, who battled with headquarters for years until he agreed to part ways with the company. He was among a group of owners who lost a 2013 court fight to shorten mandatory 24-hour business hours because of tight staffing.

Ironies upon ironies.

7-11; American, serving Slurpees and nachos. Open from 7AM to 11PM.

And It should focus on paying its staff, now many foreign.

https://www.japan-press.co.jp/s/news/?id=10037

https://www.theguardian.com/australia-news/2020/oct/30/7-eleven-repays-173m-to-workers-after-some-franchisees-falsified-records-in-underpayments-scandal

I would actually encourage foreign investment. They will give you better working conditions, possibly higher wages to help retain skilled workers, etc. There is a huge gap in working conditions between J-companies and Foreign, my wife who works at a gaishi has 30 days paid leave (also 10 Sick Leave days) every year while my J-company gives you the usual 10 with 1 added every year. Foreign companies know that in order to hire the best workers to come work for you, you need to improve working conditions, benefits, and provide competitive salaries. Japanese companies still have the philosophy that workers will stay with them till the end which is no longer true yet they still don't improve on anything.

Last I checked, 7-11 is an American Company. Oh, the irony.

Interesting that Japan has long resisted non-Japanese from owning or controlling businesses in Japan, and yet here they are trying to buy an American steel company. It can't continue to be so one-sided.

I told my local 7-11 to stop selling me beer. Now I don't go there anymore.

The previous owner of 7-11 was the Southland Corporation from Texas, USA.

It filed for bankruptcy several decades ago and was bought by Japanese interests. Therefore, it is a Japanese company with franchises in Japan, as well as many other countries, including in the United States of America.

Japan saved 7/11 from the abyss. This place is hilarious. The Douche-Tard locusts can stay home. Ironically the last few years of Asian persecution (covid etc), Canada reigned supreme.

The irony is that 7-11, is or was originally an American brand. Not sure what that Tencho is bubbling about.

No word about working conditions, where the workers are always paid with the minimum possible salary, while keeping the prices 20-30% more expensive than supermarkets.

As much as Jun Nagao doesn't like the idea of foreigners scooping up Japanese companies

Ha! He'll be in shock when he discovers the history of 7-11, Lawson and Mr. Donuts.

I don't get how is possible (not valid only for 7i) for businesses to always grow!

Especially wen population shrinks and inflation is rising. Can't they just live their life and provide good service?

I personally never chose which conbini to enter. But knowing they are franchisers I may choose certain shops...

The royalties that franchises have to pay are equivalent to extortion.

If I were a 7-11 owner, I would welcome the takeover bid too.

Operating margins of 27% and still crying or complaining? Unbelievable, such behavior.

A guy who fought a court case against 7&i is a not going to be a typical or representative "7 Eleven franchisee".

The Japan business is smaller by sales, but highly profitable, with operating margins of 27% versus an average of 3.5% outside the country.

and

In Japan, 7-Eleven's average daily sales per store exceed those of main competitors Lawson and FamilyMart

Those are not signs of a failing business. 99% of the Japanese public (30% are over 65) won't know what 7pay is or have been burned by it. They won't care if 7 Eleven corporate did a failed online store. They simply care about how much an onigiri is at their local. In my inaka town, the main issue over the years has been how big the car park is, with half the conbinis moving to another site with more spaces.

Yet it's ok for the Japanese to galavant around the world gobbling up whatever they want. Hypocrite.

Pray tell, what Japanese company is "galivanting" around the world today, gobbling up anything?

Go ahead, dont think too hard.... after the US Steel attempted take over, which has been decided yet, name on company. Bet ya can't without "googling" it!

The Japan 7 11 owners should consider an important thing. A new foreign owner will rationalise the 7/11,Japanese outlet network and that means closing 1000’s of them down.

The combined number of convenience store outlets in Japan is untenable in a country that looses over 1 million people a year.

there must come and soon, a rationalisation of the numbers. Meaning strong decreases. Or none of them will remain profitable as they can not make the necessary volume.

very simple basic marketing

Pray tell, what Japanese company is "galivanting" around the world today, gobbling up anything?

Both Asahi and Kirin are doing very well acquiring foreign food and beverage companies.

Japanese building giant Sekisui House is also doing very well acquiring foreign building firms.

You'll see Japanese corporations doing very well globally, acquiring and expanding their businesses.

As of the end of September, 2024, there were 21,615 7-11 outlets in Japan, and you spoke to 9 franchisees. Shiraki Maki and TR, you know what you're talking about.