Seven Eleven has long propped up its sister companies in Seven & I Holdings, but the situation is getting worse rather than better. While the convenience store posted another record profit for the first nine months of FY2014, Ito-Yokado and Nissen, both important for the group‘s omnichannel strategy, suffered major dips in performance yet again. […]
Apparel e-commerce is an intensely competitive business and getting tougher. This is making life harder than ever for the main catalogue businesses, helping explain Nissen’s decision to accept the embrace of Seven & I Holdings. Competition from big players in apparel e-commerce is intensifying. As well as the old catalogue firms and pure online players, […]
Seven & I Holdings has a problem. In FY2012, Seven Eleven still accounted for 81% of the group’s net profits. It’s not surprising then that the group’s chairman, Toshifumi Suzuki, is keen to find new alternatives. This is the main thrust to four separate acquisitions announced in December, with the long-term goal of creating the […]
