7-Eleven Parent Plans Major North American Expansion

With the failed takeover bid by Alimentation Couche-Tard now in the rearview mirror, 7-Eleven parent company Seven & i Holdings has revealed plans to expand its store count across North America.

Company CEO Stephen Dacus outlined the convenience store chain’s plans to open 1,300 new North American locations by 2030. The company currently operates, franchises, and/or licenses more than 13,000 stores in the United States and Canada. If achieved, the additional stores would boost revenue in its fiscal year 2030 to approximately $76.5 billion.

The news of the expansion plans was reported by Store Brands' sister publication Convenience Store News.

Additionally, Reuters reported the company will move forward with its planned initial public offering in the latter half of 2026. Dacus said the IPO would allow the company to take on additional debt to help fund its growth plans.

The plans to expand stores also come at a time when 7-Eleven is expanding its assortment of private-label products. Over the past 12 months, the convenience store chain has added beverages, apparel, and seasonal items to its private-brand assortment.

In a 2024 interview with Store Brands, Nikki Boyers, vice president of Private Brands for 7-Eleven, said the retailer wants its 7-Eleven family of brands to be the convenience food destination of choice for consumers.

"This means placing an increased emphasis on our private brands," Boyers said. "More than 87% of U.S. consumers chose private-label products. Our private brands provide a huge differentiator for us to deliver on customers’ quality and value needs."

The revelation regarding 7-Eleven’s North American expansion plans comes just weeks after Alimentation Couche-Tard withdrew its $47 billion takeover bid for Seven & i Holdings, citing a "lack of constructive engagement" from Seven & i.

Officials with Seven & i expressed disappointment with Couche-Tard’s decision and said it disagreed with Couche-Tard's "numerous mischaracterizations" about the failed takeover discussions.