7-Eleven Is Reinventing Its $17B Food Business to Be More Japanese | WSJ The Economics Of

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In Japan, 7-Eleven has long led its American counterpart in prepared meals with foods like ramen and rice balls. But now, the world’s largest convenience store chain is trying to bring a similar range of food items to its U.S. stores, and market them to customers who associate the brand with Slurpees and pizza. American 7-Elevens are working on mimicking the Japanese distribution centers by upgrading their commissaries around the country. WSJ explores how 7-Eleven is shifting its business strategy to focus more on food as cigarette and gas sales have begun to slow. Chapters: 0:00 Japanese inspiration to American stores 1:01 7-Eleven’s origins 3:35 Prepared food 5:38 Innovation plans The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #7Eleven #Retail #WSJ